News

In the mining sector this year, the number of employees is seven percent higher than last year. The government estimates that strategic projects at RTB alone with the new Chukaru Peki and Jadar mine will bring in $ 3 billion in new investments. The World Bank also confirmed that Serbia has huge potential for growth […]

A Finnish-Australian mining company, Latitude 66 Cobalt, has applied to conduct cobalt mining operations in a territory spanning 5700 square kilometres in northeastern Finland. The company aims to secure exclusive extraction rights to an area that covers Lapland, Kainnu, and Koillismaa. Finland is known to have the largest cobalt reserves in Europe, an increasingly valuable resource due […]

Communities targeted by mining companies say they are not getting a fair hearing as the Government pushes for new business in metals, minerals and gold. Latest figures show 26pc of the land area of Ireland is under prospecting licences and most of the rest is up for grabs, much of it at reduced “incentive” fees. […]

  -Variscan Mines is continuing to gather an understanding of its Spanish project -Regional soil geochemistry has identified multiple zinc anomalies both across and next to historical zinc appearances -There now exists the potential for soil sampling to be extended to highlight new zones of mineralisation -Variscan’s share price is steady today with shares trading […]

Four new gold-copper porphyries   Euro Sun Mining announced the surface generative exploration results from the Stanija Prospecting Permit directly adjacent to its Rovina Valley Gold project in Romania. Any mineralization defined on the Stanija PP could have synergies for mine development on the Rovina License as envisioned in the NI 43-101 Preliminary Economic Assessment […]

Climate change and a mining boom are altering the lives and livelihoods of Mongolians. Tsedew Zagdbazar, 46, remembers the brutal winter of 2009-2010. That year, a dzud, an increasingly frequent, harsh winter weather event in the country, wreaked havoc on Mongolia. The 2009-2010 dzud devastated livestock in the western province of Khovd and across the country. […]

Lydian International is planning to embark on fresh legal action against Armenia after hitting a new roadblock on its path to building the massive Amulsar gold mine, in the country’s mountainous south. The move comes after the environment minister last week rejected the mining company’s application for a licence to draw 40 litres per second […]

It also plans to offer the British-Australian “Rio Tinto” a buyout of their stake   Chinese company Zidjin, after the acquisition of the remaining 60 percent of the rights from US-based Friport, is to become the sole exploration license holder at the potentially richest copper and gold site in the world, Chukaru Peki –all which […]

With the realization of the mining projects of “Chukaru Peki” and “Jadar” in Serbia, the share of mining in GDP can jump from the current two percent to five percent, said the World Bank spokesman in Serbia Stephen Ndegwa, who estimated that Serbian mining the sector has enormous potential for growth and new jobs in […]

Zijin Mining , one of China’s biggest gold producers, said it would buy partner Freeport McMoran Inc’s copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals. The move continues a recent acquisition spree for Zijin and strengthens its foothold in the Balkans, having entered Serbia when it took […]