http://www.miningweekly.com
R/€ = 15.81 Change: -0.10
R/$ = 13.51 Change: -0.11
Au 1228.80 $/oz Change: 5.55
Pt 828.50 $/oz Change: 16.44
 

Topic

Lundin makes another move to buy Nevsun

By: Mariaan Webb     17th July 2018 Keen to bring the Timok copper project, in Serbia, into its fold, Canadian firm Lundin Mining has announced that it will take a C$1.4-billion offer directly to Nevsun Resources shareholders, after unsuccessful attempts to engage with the company over the past five months. Lundin, which earlier... 

Serbian copper miner attracts 11 possible buyers – report

By: Reuters     11th July 2018 Serbia's RTB Bor copper miner and smelter has drawn interest from 11 companies and the tender could take place this week or next, Belgrade daily Politika reported on Wednesday. Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex, which suffered a long period... 

Nevsun announces inferred resource for Timok Lower Zone

By: Creamer Media Reporter      26th June 2018 The Timok (Cukaru Peki) Lower Zone deposit contains 31.5-billion pounds of copper and 9.6-million ounces of gold, TSX-listed Nevsun Resources said on Tuesday, announcing an initial resource estimate for the project in Serbia. The Timok Lower Zone – a joint venture with Freeport-McMoRan – has a... 

Nevsun extends Bisha mine life to 2022

By: Creamer Media Reporter      14th June 2018 TSX-listed Nevsun has approved an openpit extension of the Bisha mine in Eritrea, which will add 3.3-million tonnes of ore to the mill, delivering about 470-million pounds of zinc and 52-million pounds of copper. The extension will allow operations to continue to 2022 and gives Nevsun time to... 

Tethyan granted new exploration permit in Kosovo

By: Creamer Media Reporter      12th June 2018 Base metals explorer Tethyan Resources has been granted a new exploration licence in the north-eastern part of the Trepca lead/zinc mining district of Kosovo. The 75 km2 licence, named Bistrice, is valid for three years, with an option to extend that up to three times for a period of two years... 

Nevsun starts exploration decline construction at Serbia copper project

By: Marleny Arnoldi     6th June 2018 TSX-listed Nevsun Resources has started construction of the exploration decline at its Timok Upper Zone copper project in Bor, Serbia.  

Eritrea 'poison pill' complicates miner Lundin's aspirations – sources

By: Reuters     18th May 2018 The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources is designed to bag the Timok project in Serbia, but it had to... 

Rio/Raiden JV starts its engine

By: Esmarie Swanepoel     10th May 2018 Mining major Rio Tinto and junior Raiden Resources will officially start exploration work in Serbia, after Rio completed its due diligence investigations. Rio and Raiden in March this year inked a $31.5-million earn-in and joint venture (JV) agreement over Raiden’s project holding in Serbia. 

Nevsun snubs C$1.5bn Lundin Mining, Euro Sun proposal 4 times

By: Henry Lazenby     8th May 2018 Canadian base metals producer Nevsun Resources remained mum on Monday regarding a C$1.5-billion unsolicited proposal disclosed by suitors Lundin Mining and Euro Sun Mining. Toronto-based Lundin said it had been unable to successfully engage Nevsun in “meaningful discussions” after several attempts. 

Dormant Swedish mine comes alive in rush for car batteries

By: Bloomberg     6th April 2018 The global race to develop batteries for electric cars is reaching deep into the pine forests of central Sweden, where a dormant graphite mine is getting a new lease on life. Woxna, situated about 259 km north of Stockholm, was mothballed in 2001 amid a slump in prices. Now, a Canadian company... 

Nevsun's Timok UZ PFS elevates deposit among best anywhere

By: Henry Lazenby     3rd April 2018 A new prefeasibility study (PFS) on Canadian base metals producer Nevsun Resources’ Timok Upper Zone (UZ) copper/gold project, in Serbia, has confirmed the project as one of the best development-stage copper assets in the world, the company reports. Vancouver-headquartered Nevsun reported last... 

Rio Tinto teams up with junior in Serbia exploration venture

By: Esmarie Swanepoel     14th March 2018 Mining major Rio Tinto’s exploration arm has reached a $31.5-million earn-in and joint venture (JV) agreement with ASX-listed junior Raiden Resources, over its project holding in Serbia. The earn-in and JV agreement covers Raiden’s Zapadni Majdanpek, Majdanpek Pojas and Donje Nevlje exploration... 

China's Zijin Mining interested in Serbian copper mine RTB, Belgrade says

By: Reuters     12th March 2018 China's Zijin Mining Group has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade. President Aleksandar Vucic on Monday met representatives of the Chinese firm, who expressed an intention to invest... 

Nevsun narrows Q4 loss on impairment reversal

By: Henry Lazenby     4th March 2018 Base metals producer Nevsun Resources has reported a narrower fourth-quarter loss of $3.8-million, or $0.01 a share, as the bottom line benefitted from the partial reversal of an impairment charge previously booked on zinc ore stockpiles. The Vancouver-headquartered company advised that based on... 

Nevsun to invest up to $60m at Serbia project in 2018

By: Simone Liedtke     1st February 2018 New York Stock Exchange-listed Nevsun Resources will invest between $50-million and $60-million this year to advance its Timok Upper Zone copper/gold project, in Serbia. The company on Wednesday released its guidance for this year, with zinc production forecast to reach between 210-million and... 

Nevsun discovers new high-grade copper/gold deposit east of Timok Upper Zone

By: Henry Lazenby     20th January 2018 Base metals producer Nevsun Resources announced this week that it has discovered a new high-grade copper/gold deposit about 500 m east of the Timok Upper Zone, in Serbia. Ongoing drilling has intersected new high-sulphidation epithermal (HSE) copper/gold mineralisation, similar to that found at... 

Miner prioritises zinc production in strong market

19th January 2018 Canadian miner Nevsun Resources has ensured improved zinc recoveries at its zinc/copper/gold Bisha mine, in Eritrea, through its decision in August to allocate additional capital to the mine and delay the delivery of the prefeasibility study (PFS) for its Serbia-based Timok copper/gold to the... 

Top China nickel producer joins BHP in prepping for EV boom

By: Bloomberg     18th January 2018 China’s top nickel supplier aims to boost output of a material used in car batteries by 40% this year, joining the ranks of global producers ramping up operations to meet demand from electric vehicles. Jinchuan Group Co expects to raise production of nickel sulphate to 70 000 metric tons from 50... 

The No.1 miner is building an EV hub it doesn't want to keep

By: Bloomberg     11th January 2018 Electric vehicles could hold the key to BHP Billiton finally finding a buyer for its unwanted nickel operations. The world’s top miner is accelerating plans to transform Nickel West in Western Australia into a linchpin of the global supply chain for EV batteries. The switch in focus promises to... 

Lithium giant SQM eyes new project to tackle electric-car boom

By: Bloomberg     6th December 2017 One of the world’s largest lithium producers is looking to expand into a new country as prices surge to record highs amid a nascent electric-vehicle boom led by car makers such as Tesla and Mitsubishi. Soc. Quimica & Minera de Chile SA is considering opportunities to establish a foothold in a... 

Nevsun expands strongly mineralised trend at Timok

By: Henry Lazenby     5th December 2017 Ongoing exploration drilling on the Lower Zone at Canadian base metals miner Nevsun Resources’ Timok copper/gold project, in Serbia, has expanded the footprint by about 350 m by 750 m and continues to confirm the high grade, continuity and thickness of the mineralisation, the company announced on... 

PEA demonstrates ‘extremely compelling’ economics for Timok Upper Zone

By: Henry Lazenby     27th October 2017 Canadian base metals producer Nevsun Resources has reported strong economics for its proposed Timok Upper Zone project, in Serbia. The results of a preliminary economic assessment (PEA), completed by Vancouver-based SRK, has outlined a $630-million project that will produce 2.1-billion pounds of... 

Polyus delivers record production in Q3

By: Natasha Odendaal     19th October 2017 Russia’s largest gold producer Polyus has achieved another record quarter, with production rising 16% year-on-year to 642 000 oz during the three months to September 30. “The third quarter of 2017 marked yet another quarter of operational improvements and a constant drive to discover the full... 

New attachment system enhances screening media change-outs

6th October 2017 Global industrial equipment company Metso is introducing a new attachment system for its Trellex screening media that offers increased productivity and makes media change-outs safer and faster than with traditional systems, the company announced in September. Downtime is costly for screens in... 

Tethyan Resources gives listing, project updates

By: Anine Kilian     13th September 2017 Dual-listed Tethyan Resources’ decision to delist from the London’s Aim was based on the board’s consideration of challenging macroeconomic conditions and the additional costs that come with maintaining two listings. Speaking to Mining Weekly Online on Wednesday, COO Fabian Baker explained that... 

Tethyan to start trading on Canadian exchange this week

By: Mariaan Webb     4th September 2017 Serbia-focused Tethyan Resources will start trading on the TSX-V in Canada this week, under the symbol ‘TETH’. Trading in the exploration firm’s shares will start when the market opens on Wednesday, Tethyan reported on Monday. 

Alrosa to appoint international experts to probe Mir accident

By: Mariaan Webb     31st August 2017 Russian diamond major Alrosa has announced an independent investigation into the August 4 accident at its Mir underground mine, which was partly flooded by water from an openpit mine above it. The company will appoint an international auditor to conduct the assessment and has identified SRK... 

Tethyan appoints COO to its board

25th August 2017 Junior explorer Tethyan Resources has appointed its COO, Fabian Baker, to its board of directors. Baker, who became COO in May last year, is responsible for Tethyan’s exploration in Serbia and neighbouring countries. 

Nevsun delays Timok schedule, provides more capital for flagship Bisha ops

By: Henry Lazenby     11th August 2017 Canadian base metals producer Nevsun Resources this week announced a strategic update on its capital allocation plans, allotting extra capital to its Eritrea-based Bisha zinc/copper/gold operation and delaying the timetable for delivery of the Serbia-based Timok prefeasibility study (PFS) to the... 

There's a key to lithium's future inside a shipping container

By: Bloomberg     11th August 2017 The world’s biggest miners’ determination to muscle into the burgeoning  battery market stepped up a notch with  Rio Tinto Group reporting breakthroughs in cracking the technology needed to unlock its giant lithium project in Serbia that could meet 10% of global demand. Tests at a research... 

Mundoro mobilises for Phase 2 drilling at Borsko, Serbia

By: Creamer Media Reporter      8th August 2017 Canadian explorer Mundoro is mobilising for the Phase 2 drilling programme at the Borsko Jezero licence, in Serbia, with drilling expected to start later this month. The programme is a follow-up to the first phase drilling programme completed in May, which tested for two of six generated drill... 

Dundee lifts FY guidance as Bulgaria gold mine shines

By: Mariaan Webb     28th July 2017 Copper and gold miner Dundee Precious Metals has increased its 2017 production and sales guidance on the back of two strong quarters at the Chelopech mine, in Bulgaria. The mine, which produces a copper concentrate containing gold and silver and a pyrite concentrate containing gold, increased its... 

Rio Tinto and Serbia sign MoU to speed up lithium project

By: Mariaan Webb     24th July 2017 London-based Rio Tinto has signed a memorandum of understanding (MoU) with the government of Serbia to progress the development of a deposit containing one of the twenty-first century’s hottest commodities – lithium. The MoU sets out how the Jadar project could be moved forward, with joint... 

China's new Silk Road encroaches on US turf in Eastern Europe

By: Bloomberg     12th July 2017 In the 19th century mansion in central Belgrade where bureaucrats plan some of Serbia’s important overseas projects, 64-year-old Ivan Mrkic is busy unpacking boxes teeming with the books, research papers and maps he needs to become an instant expert on China. Mrkic, a one-time Foreign Minister,... 

Mundoro Capital focusing on copper, gold exploration in south-eastern Europe

By: Ilan Solomons     16th June 2017 Mineral exploration and investment company Mundoro Capital is focused on providing value to its shareholders through the exploration work on its copper and gold projects, in Serbia and Bulgaria. Mundoro CEO Teo Dechev highlights that the company’s projects are located on the Western Tethyan belt... 

Mundoro Capital focusing on copper, gold exploration in south-eastern Europe

By: Ilan Solomons     15th June 2017 Mineral exploration and investment company Mundoro Capital is focused on providing value for its shareholders through the exploration work it is undertaking on its copper and gold projects in Serbia and Bulgaria. Mundoro CEO Teo Dechev highlights that the company’s projects are located on the... 

Tethyan signs agreement to get drilling rigs to Suva Ruda project

By: Creamer Media Reporter      13th June 2017 Aim-quoted exploration company Tethyan Resources has signed an access agreement with the municipality of Raska for the use of public roads to move its drilling rigs and equipment to the Suva Ruda project, in southern Serbia. The agreement allows Tethyan and its contractors with access permission... 

Serbia-focused Tethyan plans TSX-V listing

By: Mariaan Webb     2nd June 2017 European gold and base metals explorer Tethyan Resources plans to list its shares on the TSX-V to allow the company access to North American capital markets and to increase share trading liquidity. Nonexecutive chairperson Christopher Gross said on Friday that the risk appetite of investors for... 

First
Prev
1
2 Next Last

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close