News

“PNF Partners” from London is interested in buying silver and silver products from Mining and Smelting Basin ‘Bor’, which would be manufactured by IPM from Majdanpek, under PNF Partners’ instructions. That was confirmed by president of English company Moti Panet, and his partner Joseph Ernsten at the meeting with general manager from RTB “Bor”, Blagoje […]

Canada Mundoro Capital Inc. announced drilling program from the exploration assessment of Rosh Tilva’s area within the exploration license Savinac in northeastern Serbia. Savinac license covers 90 square kilometers and is located within the Timok Magmatic Belt, about 20 miles southeast of Bor mining camp. Teo Dechev, CEO and President of Mundoro, commented that “this initial […]

The deadline for production of the entire equipment is the end of 2015. Modernization of Open Pit Mines (OPM) of Mining Basin “Kolubara” begun with the erection of the first and second ECS systems for the OPM “Tamnava – West Field” is continued within the project “Environmental Protection and Enhancement in MB Kolubara”. Project 182 […]

Serbian copper mine company RTB Bor plans to offer to foreign companies investors in mining industry existing confirmed copper/gold locations for joint exploration. Minimal investments for two mines are estimated at USD 100 mill respectively and for the Coka Marin mine at USD 30 mil at least. The annual production in these mines is estimated […]

Companies in Serbia performing geological exploration of gold, “Avala resources” and “Danube minerals”, has announced the integration into one company. “Subsidiary companies of Canadian companies “Avala Resources Ltd.” and”Dunav Resources Ltd.”, announce an agreement on mutual integration”, said in a statement the two companies that are listed on the Toronto Stock Exchange. Both companies, starting […]

Canadian company Dunav Minerals which is investigating the copper and gold reserves in its Medvedja mines announced that in fields Kiseljak and Yellow Creak has 547 mil tons of raw materials. In this location we confirmed the content of 0.22 gr per gold tone and 0.23 grams of copper %. That makes 1.26 mil tons […]

US company Avala Resources operating in Serbia in area of gold research and exploration announced that it will need 177M USD for opening of first private managed gold mine in municipality of Zagubica. They plan to hire 250 workers. These are the results of preliminary economical evaluation analysis which is produced by independent mining expert […]

The work life of the mine “Ilovica” near Strumica, will last for 23 years, and it will annually produce 2.7 tons of gold and 16,000 tons of copper. The feasibility study for the project “Ilovica”shows that, which did a Canadian investment fund Euromax. The study confirmed the economic potential of this project, since the total […]

Exploration and exploitation of mineral resources is a very important economic activity which in direct and indirect method represents a significant economic and financial participation in the gross domestic product. Sustainable management of these raw materials is one of the important factors for economic development and the standard of the society of each country. Programme […]

Copper is considered the second most important metal in Albania, even though the industry in recent years, faced with falling prices in the international market, as well as some internal problems. According to official data, the export of copper from Albania in the last four years ranged between 30 and 40 million dollars per year. […]