News

Adriatic’s Vares silver-lead-zinc project is located in central Bosnia and Herzegovina some 50km north of the capital Sarajevo. It occupies a strategic position over the established Vares mining district, taking in a number of historical mines and prospects including the high-grade silver mines at Rupice and Veovaca. After successfully identifying and drilling a number of […]

The first modern commercial gold mine in Ireland could be established over the next three years in Co. Monaghan following an agreement between two mining companies. The mine is set to be located in Clontibret and once it gets up and running it could provide between 150 and 200 jobs, according to Irish firm Conroy […]

In July, UK-based Vast Resources said it expects to start production of copper concentrate at Baita Plai in Romania in August, in preparation for sale to energy and commodity trading company Mercuria. Vast Resources recently announced that metallurgical tests at its Baita Plai polymetallic project have delivered positive results. “The metallurgical results have provided excellent […]

Gold is an important commodity that the government uses to decrease the current account deficit, and as global trade slows, with increasing competition for a shrinking global economic pie, Uzbekistan has a guaranteed way to make sure its current account deficit, expected to move into surplus in the mid-2020s on the back of rising exports […]

Renewed conflicts over a controversial gold mine in Armenia have once again highlighted the government’s indecision and so the project remains in limbo, a year after an environmental assessment was supposed to determine the future of this project. On August 4, clashes between activists, local residents, police, and mining company officials broke out at the […]

In early April, Kazakhstan’s national operator for the import and export of uranium, Kazatomprom announced that its facilities across Kazakhstan would be working at reduced capacity within three months which was expected to cause production cuts by about 17.5 percent in 2020. The statement was made in the wake of a state of emergency declared […]

Focussed on redeeming the exploration potential of the Ovoot Coking Coal Project (OCCP) situated in northern Mongolia, Aspire Mining Limited undertook significant activities bolstering fast venture into commercial production in the shortest possible time frame once it has been granted the access to the OCCP. Making headway, piggybacking the lucrative growth prospects and its strategic […]

Gold production in Russia increased in the first five months of the year, up 2.8% on the same five months of last year. Russia produced 104.31 mt of gold over January-May, according to information on the website of the Russian finance ministry. Russian gold output increased year on year as the price of the yellow […]

“As part of our asset realisation strategy, we received an offer from a third party that triggered Bati Toroslar’s right of first refusal”, said Bob Smeeton, Oriole’s CFO. Bati Toroslar has failed to make the initial payment, which has given it the right to cancel the sale agreement. Oriole Resources PLC said it is considering […]

In the new decree that regulates the exploitation of mineral resources on public land in Portugal, whose public consultation ended recently, only classified areas, such as those that make up the Natura Network, are guaranteed protection “whenever possible”. This is why the environmentalist association Zero criticized the new legislation on mines, considering that it does […]