News

The failure of the Jadar Project in Serbia should be viewed as an opportunity for all role-players to recalibrate their processes in line with ESG principles The northern hemisphere’s summer of 2022 will be remembered as one of the hottest in recorded history. For example, Nasa reported that June was one of the hottest Junes on record. […]

Canadian firm Eldorado Gold has signed a mandate letter for a credit-committee-sanctioned €680m finance facility from Greek banks to develop the Skouries project in northern Greece. The mandate letter, which is subject to negotiation of definitive loan documentation and other conditions, includes a long-form term sheet comprising customary terms and conditions. According to the feasibility […]

Anglo Asian Mining PLC expects to produce 54,000 to 58,000 gold equivalent ounces (GEOs) in 2022, the Azerbaijan-focused company said alongside its first-half results. The copper, gold, and silver miner produced 28,772 GEOs in the first half, down from 32,171 ounces in the year-earlier period, due to lower gold grades from its Gedabek operation. Anglo […]

“It’s a secret” is becoming a catchphrase to describe how Kyrgyzstan is currently being administered, especially as concerns the giant gold mine that authorities seized last year in the name of a long-suffering public. To begin, the sudden fall off in reporting on activities at the economically vital Kumtor mine was easily explained away. Kyrgyzstan’s […]

Equities firm MST Access believes changes to the Government of Mongolia’s mining code has the potential to benefit foreign investment with revisions to the nation’s laws expected later this year. One of the potential beneficiaries of the proposed changes is ASX-listed Xanadu Mines that is aiming to develop its Kharmagtai copper-gold project in Mongolia. An […]

Gold and silver mining company Polymetal has announced the production of first gold at its Kutyn mine in Khabarovsk, Russia. Located in Tugur-Chumikan, Khabarovsk, and 114km north-west of the Polymetal-operated Albazino mine and 10km from the sea of Okhotsk, the mine was purchased by the Russian firm in 2011. Ore from the mine is planned […]

“The coal will be used in production of steel in Europe,” says Minister of Industry, Jan Christian Vestre in a prepared statement. He argues that there are serious uncertainties in regard to European industries’ access to critical raw materials, including the production of steel. The war in Ukraine causes an extraordinary situation. “Norway will take […]

The Grängesberg mine in Dalarna County, Sweden, was closed in December 1989 due to prevailing market conditions after producing more than 150Mt of iron ore. The mineral deposit at Grängesberg is one of northern Europe’s largest homogenous iron ore bodies. Anglesey Mining, a UK-based mining company, entered an agreement to acquire a controlling interest in […]

The company has identified numerous exploration targets from what it recognises as an “extremely prospective tenement package”. Resource Mining Corporation Ltd is progressing due diligence at Ruossakero Nickel Project in Northern Finland, Kola Lithium Project in Central Finland and Hirvikallio Lithium Project in Southern Finland. Upon review of exploration data, the company has identified numerous exploration […]

Portugal will not commit to setting a new date for a long-awaited auction of lithium mining licences as it awaits the conclusion of ongoing environmental impact studies at two sites, Energy Secretary Joao Galamba said on Wednesday. The southern European nation, which has 60,000 tonnes of known lithium reserves, is central to Europe’s bid to […]