Lydian to raise C$40m to fund Amulsar BFS

Toronto-based Lydian International, which owns the Amulsar gold project in Armenia, has appointed a syndicate of underwriters to raise C$40-million to complete a bankable feasibility study at the asset, as well as to fund exploration at its...

Company Announcement: Daily Monitor 24th January 2012

Oil & Gas News San Leon Energy (BUY, 50p) (SLE LN, 12.0p, ▼ 5.88%) today announced that it has completed the acquisition of more than 2,280 km of 2D seismic across its Tarfaya and Zag Licenses onshore Morocco. The data was acquired by San Leon...

China fails to divert iron-ore buys from Australia, Brazil

China diversified its spot iron ore buying away from India in 2011, largely in favour of South Africa, but failed to reduce its dependence on term purchases from top suppliers Australia and Brazil, customs data showed on Saturday. Chinese...

Dundee Q3 earnings up 13%

TSX-listed gold miner Dundee Precious Metals said on Wednesday third-quarter profit climbed 13% to $40.3-million as a result of higher production and prices. Adjusted earnings for the three-months ended September 30 more than doubled to...

Lydian aims for Amulsar prefeas by end-2011

TSX-listed Lydian International plans to complete a prefeasibility study at its Amulsar gold project in Armenia by the end of 2011, a spokesperson said on Wednesday. The World Bank's International Finance Corporation (IFC) and the world's...

Dundee expects new Chelopech SAG mill commissioning by yr-end

TSX-listed Dundee Precious Metals has completed the construction of a paste backfill plant at its Chelopech gold mine, in Bulgaria, and is in the final stages of commissioning, CEO Jonathan Goodman said at the Denver Gold Forum on Monday. The new...

Nuclear energy revival ensuring future of uranium mining

World energy demand is growing. The International Energy Agency predicts that global energy requirements will increase by 40% by 2030. No less than 80% of this increase in demand will come from emerging and developing countries. Fossil fuel...

Nuclear energy revival ensuring future of uranium mining

Cover story on the worldwide revival of civil nuclear energy, which is enjoying major international political support, and its effects on uranium mining

Lydian announces $10m offering, further IFC investment

TSX-listed junior Lydian International plans to raise up to $10-million in a marketed public offering, and will receive another $1,78-million in an equity investment by the World Bank's International Finance Corporation, the company said on...

Company Announcement: Best Intersections yet of 135m at 2.3g/t Gold (Including 17m at 9.6g/t) at Amulsar Discovery in Armenia

Attached please find a press release on: Lydian International Ltd. (TSX:LYD), a diversified U.K. mineral exploration and development company, today announced results from further drilling at its Amulsar gold discovery in Armenia.

Diamond market retains its glitter

Diamond production has increased about 9% in the past five years, according to the New York-based World Diamond Council, as mining companies have hurried to find new deposits to meet soaring demand, reports Creamer Media’s Research Channel Africa.

New product line to be unveiled

One of the exhibitors in the outside display areas at this year’s Electra Mining is Manhattan Corporation, which offers equipment, process plant and mine development solutions to the mining, processing and heavy industry markets.