News

Tethyan Resource Corp. made an agreement to purchase a 100% ownership stake in Serbian company EFPP d.o.o. EFPP is the holder of two exploration licences over silver-zinc-lead mines Kizevak and Sastavci in the Raska district of Southwestern Serbia.   Acquisition Highlights:   -The Licences are contiguous with Tethyan’s existing exploration rights and the acquisition would […]

Due to the nationwide state of emergency caused by the coronavirus outbreak, Erin Ventures, Canada-based mineral exploration and development company has suspended fieldwork on its wholly-owned Piskanja boron project in Serbia. Piskanja is Erin Ventures’ wholly-owned high-grade boron deposit with an indicated mineral resource of 7.8 million tonnes, and an inferred resource of 3.4 million […]

Central Asia Metals’ copper, zinc and lead production and exploration company demonstrate the “fundamental strength” of the business with the results for the year ended. The company owns two low-cost base metals operations, one in Kazakhstan and the other in North Macedonia.   CEO Nigel Robinson says this is demonstrated by CAML having ended the […]

Pljevlja coalmine’s operating income reached 47.17 million euros at the end of December 2019, which is by 9.1 % more than in in 2018, according to the financial report. The coalmine recorded a net profit in the amount of 9.56 million euros in 2019, which is 43.5 % higher compared to 6.65 million euros profit […]

The Chinese group injected $350 million in the capital of Serbian copper mining and smelting company RTB Bor in December 2018, acquiring majority ownership, and renamed it to Zijin Bor Copper. China’s Zijin Mining Group expects mined copper production volume to increase by up to 11% in 2020. This increase is backed by the expansion of the company’s production capacity […]

Taught by examples of environmental and social harms that international mining companies leave behind in the Balkans, local communities in North Macedonia have opposed the creation of new gold and copper mines. The awards granted under the VMRO-DPMNE mandate were one of the cornerstones of attracting foreign direct investment. However, the municipalities did not accept […]

The spatial plan has been prepared in accordance with studies and documentation obtained from Rio Sava Exploration Ltd. Belgrade, the current holder of the permit for geological exploration of boron and lithium at the Jadar deposit. This document is the planning basis for the development of mines, industrial facilities and necessary infrastructure, as well as […]

Armenia’s main coper ore exporters are Zangezur Copper Molybdenum Combine” Closed Joint Stock Company (ZCMC), Teghout Armenia, Institute of Mining, Agarak Copper and Molybdenum Combine, Akhtala Mining and Processing Enterprise, Armenian Copper Program (ACP) and Chaarat Kapan. According to data released by the Customs Service, Armenia exported US$627 million worth of copper concentrate in 2019. […]

Raiden’s wholly-owned subsidiary, Western Tethyan Exploration OED, received notification from Bulgaria’s Ministry of Energy that it had been successful in its bid for the license. The copper-gold exploration company is currently focused on the emerging Tethyan metallogenic belt in Eastern Europe. Previous drilling at the project has already confirmed the presence of copper, molybdenum and […]

An announcement that membership talks will be opened would give a strong boost to the campaign of Zoran Zaev’s Social Democratic Union of Macedonia (SDSM) just a fortnight before the election. The SDSM-led government has centred its mandate around Western-oriented reforms, winning the valuable support of the U.S. and EU member states in 2016. Yet […]