News

A mining company with ambitions of exploring and cementing the Romanian mining sector on the global stage has acquired a larger stake in a highly prospective mineralisation. Vast Resources announce in a statement that it had acquired a 29.41% interest in the Blueberry Project, a highly prospective polymetallic mineralisation located in the Golden Quadrilateral of […]

Lundin’s acquisition proposal turned hostile on July 26, when it directly approached Nevsun shareholders with a cash offer of C$4.75 a share. The Nevsun board on Thursday unanimously rejected the offer, saying it failed to recognise the “fundamental and strategic value” of Nevsun’s portfolio of producing and development assets, which are underpinned by the word-class […]

Mining has a long history in Serbia. Today, with more than 300 mines, the country remains an investor-friendly place. That is to say that Serbia has a very convenient environment for investors interested in the mining and mineral sectors. These industries play a significant role in country’s economy, and experts believe that in large part […]

On its website, the European Bank for Reconstruction and Development claims to be unique among development banks in that it does not finance coal-fired power plants due to their environmental impact. It is further stated that in 2018, 42% of its investments had a low environmental risk, in line with the climate goals set by […]

Medgold Resources Corp. announce diamond drilling at the Tlamino Gold Project has recommenced for a minimum Phase 2 program of 2,400 m. As well, preparation for 40 line-km of an IP-Resistivity program at the Karamanica Zone has commenced. The exploration and development of the Tlamino Gold Project is being conducted under programs which are fully […]

Nevsun Resources Ltd., the target of a $1.4 billion takeover bid from Lundin Mining Corp., has filed a NI 43-101-compliant technical report for its flagship Timok gold-copper project in Serbia. The report contains details of a prefeasibility study for Timok’s Upper Zone, and a resource estimate for the Lower Zone. Nevsun is a leading mid-tier […]

China’s ‘One Belt One Road’ initiative, aiming at expanding its economic and geopolitical influence in Eurasia, will lead to the acceleration of Chinese mining investment in Central Asia. Kazakhstan, with its rich deposits of copper, gold and uranium will remain a priority in terms of investment. The One Belt (also known as the New Silk […]

“For fifteen years now my family and I have been investing in organic agriculture, working the land together with my children to build a better life for them in our homeland,” says Dimche Baleski, an organic producer from the municipality of Valandovo, during a public debate on proposed amendments to the Law on Minerals held […]

Vast Resources said it had submitted an application to Romanian authorities for a licence to mine at its Baita Plai project. The application to National Agency for Mineral Resources was the final stage in a protracted legal and administrative process, the company said. ‘The company has reason to believe that the actual grant of the […]

Contract miner Byrnecut Offshore and Ironbark Zinc have entered a memorandum of understanding to provide the latter with underground mining contract services. Byrnecut will provide underground mine cost modelling, debt and security holding, and an underground mining fleet for Ironbark’s Greenland-based Citronen zinc project as part of the agreement. Citronen is one of the world’s […]