News

Canadian exploration and development company Velocity Minerals has signed an option agreement with Bulgaria’s Gorubso Kardzhali to acquire 70% of the 388-hectare Momchil property in southeast Bulgaria, which includes the Obichnik gold project. Under terms of the agreement, Velocity needs to deliver a NI 43-101 resource estimate to earn its stake. Velocity said the deposit […]

Bulgarian precious metals mining company Gorubso Kurdzhali said that its net profit grew to 2.3 million levs ($1.3 million/1.2 million euro) in 2018 from just 31,000 levs the year before. The company’s sales revenue rose to 17.8 million levs last year from 14.5 million levs in 2017, Gorubso Kurdzhali said in an annual financial statement. Personnel […]

The injection of capital will support work programmes across three mining projects – in Greenland, Wales and Ireland respectively. Alba Mineral Resources plc. has raised £500,000 of new capital to support the maiden drill programme at the Amitsoq graphite project in Greenland. Funds will also be directed to ongoing operations at the Clogau gold project […]

Pan Global Resources was able to negotiate access to the Torrubia copper target in the Aguilas project, located near the city of Cordoba in southern Spain. In a media statement, the Vancouver-based company said that being able to enter Torrubia provides access to approximately 1.9 kilometres of strike with the widest and strongest soil copper […]

Turkish engineering, consultancy and project management company Sintek, also a producer of equipment for mining, oil, gas and cement industries, seeks a partnership with Romanian companies Cupru Min and Moldomin for building a copper smelter in Romania. The plant would process the copper concentrate extracted by Cupru Min and Moldomin, according to Profit.ro. The two state […]

For years the Armenian mining sector has been criticized for poor environmental management and lack of transparency. Mining is the backbone of the economies of countries such as Canada, Australia, Sweden. Mining as an industry has changed rapidly in the last decades, offering new solutions to responsible environmental and social management. Today, mining that offers […]

Inner Mongolia Xingye Mining said that its two mines will resume mining operation soon after a four-month suspension from a fatal accident at the end of February. The two mines are Rongguan Mining and Xilin Mining, whose beneficiation operations have recovered after passing checks in April. Rongguan Mining mainly produces iron and zinc minerals, with […]

The tension due to the opening of the Ilovica-Štuka mine still does not settle. In the public, the media, on the spot and in the cabinet, there are still two opposing stands in relation to the mine. First party, the opponents of the mines, announce guerrilla actions and permanently warm up the atmosphere through campaigns […]

US law firm White & Case will represent North Macedonia in the arbitration case launched by British-Ukrainian company Sardich MC against the government in Skopje after the authorities terminated the concession agreement for the Kazandol mining project, local media reported. The North Macedonia’s Social Democrat government unilaterally annulled the concession deal with Sardich MC on […]

Mineco Group, one of the largest international mining investors in the Western Balkans, is successfully realizing its ambitious long-term and mid-term plans, continuing with positive business results, increasing the number of its staff and carrying out development projects. In the past year, the Mineco Group continued to work on improving existing production capacities, including its […]