News

The European Commission announced that it will bring Greece to the European Court of Justice (ECJ) for failing to recover state aid once given to Greek mining company Larco. Athens failed to comply with a 2017 ruling by the Union’s Supreme Court which condemned Greece for its failure to implement the Commission’s 2014 decision requiring it […]

-Ariana Resources PLC is an AIM-listed gold-silver exploration and development Company with operations in Turkey -Gold and silver production started in July 2017 at Kiziltepe, part of the wider Red Rabbit Gold Project in joint venture with Proccea. -The Company is currently exploring and developing one million ounce Salinbas Gold Project in north-eastern Turkey, where the 4mln oz […]

Two officials from the EITI (Extractive Industries Transparency Initiative) are in Armenia to gauge whether the country’s mining sector meets the 2016 global standards as defined by the EITI. Armenia joined the EITI in 2017 but has yet to be assessed against the 2016 Standard. In Yerevan, Armenian Deputy Ministers of Territorial Administration and Infrastructure […]

The volume of uranium mining in Kazakhstan during ten months of this year increased by 5% and amounted to 18.7 thousand tonnes, Kazakhstan’s Energy Ministry said on 11 November. “The volume of uranium mining amounted to about 18.7 thousand tonnes with an increase of 5% compared to the same period in 2018,” the ministry said. […]

Mining minister says expanded copper mine in Gobi Desert ‘would not be stopped’ despite protests   Anglo-Australian firm Rio Tinto’s plan to expand a copper mine in Mongolia will go ahead, the country’s mining minister said, according to the Financial Times newspaper. The project has been disrupted by protests from locals worried about environmental damage […]

During the company’s Capital Markets Day in London, Magnitogorsk Iron & Steel PJSC, (MMK) Russia’s oldest steelmaker, told analysts, investors and press that its strategy is focused on sustainable development principles which “reflect a balance between improvement in operational and financial performance and social responsibility, along with environmental protection.” A key strategic priority for MMK […]

Adriatic Metals an exploration and development company based in U.K., was up 21% to A$1.31 this week after announcing its scoping study for its Vareš Project in Bosnia and Herzegovina. The company estimates that about $180 million will be needed to construct a mine, grinding mill, project infrastructure and processing plant. The net present value […]

China’s Zijin Mining Group plans to invest 200 million euro ($221 million) in revamping and expanding the current capacities of Serbian copper mining and smelting complex Bor which it controls, local media reported. Zijin is currently drafting a project for the planned overhaul and for the planned expansion of the smelter’s annual capacity of 80,000 tonnes of […]

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 […]