R/€ = 15.90 Change: 0.00
R/$ = 13.47 Change: 0.04
Au 1243.94 $/oz Change: 6.10
Pt 877.50 $/oz Change: 0.00


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... 

Glencore bets big on car battery metals

By: Reuters     5th December 2017 Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. The Anglo-Swiss company's output of cobalt and copper... 

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... 

Rio Tinto, China's private equity prepare to bid for lithium producer SQM

By: Reuters     21st November 2017 Rio Tinto, Canada's Wealth Minerals and Chinese private equity firm GSR Capital are considering a bid for a stake in Chilean lithium producer SQM (Sociedad Quimica Y Minera), banking sources told Reuters. Canada's Potash Corp of Saskatchewan must divest its 32% stake in the Chilean company as... 

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... 

Georgian Mining raises $7m for copper/gold exploration

By: Mariaan Webb     23rd May 2017 Aim-listed copper and gold developer Georgian Mining has raised $7-million in an oversubscribed placing to expand the resource at its Kvemo Bonisi (KB) project in Georgia. The project, located on the Tethyan belt, which is host to multiple high grade copper/gold deposits and producing mines in... 

Nevsun finds more mineralisation at Eritrea-based Bisha, satellite deposits

By: Henry Lazenby     23rd March 2017 Canadian base metals producer Nevsun Resources has found more mineralisation at its flagship Bisha mine and satellite deposits in Eritrea, on the Horn of Africa. Drilling undertaken in 2016 has increased the inferred resource at the Harena deposit by nearly 130% to 25-million tonnes grading 0.93%... 

Pilbara iron-ore reserves rise by 57Mt

By: Esmarie Swanepoel     3rd March 2017 Diversified major Rio Tinto has reported a 57-million-tonne increase in the ore reserve estimate at its Pilbara iron-ore assets in 2016. The miner on Friday reported that iron-ore reserves for 2016 stood at 3.51-billion tonnes, compared with the 3.45-billion tonnes estimated in 2015. 

Rio unit born in Death Valley is retooled for battery boom

By: Bloomberg     31st January 2017 During the financial crisis,  Rio Tinto Group needed cash and tried to unload its oldest mining business – one that began in 1872 hauling borates salts by mule from Death Valley to make US laundry soap. The company gave up on a sale because no one would pay the asking price. A decade later, the... 

Eldorado defers Turkey, Brazil project development on lower price outlook

By: Henry Lazenby     7th January 2017 Canadian multinational miner Eldorado Gold has pulled the plug on two of its development projects in Turkey and Brazil, citing a lower long-term price outlook. The TSX- and NYSE-listed miner has assumed a more bearish outlook for the gold price to $1 150/oz, from $1 300/oz in September. 

New Year heralds several senior management employments

By: Henry Lazenby     4th January 2017 Early 2017 corporate activity saw a slew of senior management appointments being made by miners. TSX- and NYSE-listed Tahoe Resources has appointed former Goldcorp president and CEO Chuck Jeannes to the board effective January 1. 

Eldorado, Goldcorp shuffle senior executives

By: Henry Lazenby     17th December 2016 Mid-tier miner Eldorado Gold on Friday announced the planned retirement of president and CEO Paul Wright in April 2017, nominating current Goldcorp executive VP and COO George Burns to succeed him. Vancouver-based Eldorado said Wright will remain on the Eldorado board as chairperson, replacing... 

Eldorado diversifies exploration portfolio

By: Henry Lazenby     23rd August 2016 Canadian gold producer Eldorado Gold has added four new exploration properties located in Romania, Serbia and Brazil to its portfolio, the miner said on Monday. Eldorado VP of of exploration Peter Lewis said the company was excited by the addition of the projects, since they all included defined... 

Nevsun, Reservoir shareholders approve sweetened offer

By: Henry Lazenby     17th June 2016 The TSX-listed stock of base metals producer Nevsun Resources fell nearly 10% on Friday after the company announced a sweetened bid for Reservoir Metals that would give it control of a portfolio of development projects in Africa and Europe, including the flagship Timok copper/gold project, in... 

Dundee on track to start Krumovgrad construction in Q3

By: Henry Lazenby     6th June 2016 Toronto-based Dundee Precious Metals (DPM) expects to start construction of its 85 700 oz/y Krumovgrad gold project, located in southern Bulgaria, as early as the third quarter, the company said on Monday. In its latest project update, the TSX-listed miner reported a $14.2-million increase in... 

Rio Tinto expects lithium to be in high demand

By: Mariaan Webb     2nd June 2016 Diversified mining major Rio Tinto has signalled that it was eager to join the lithium rush, with its lithium-borate deposit in Serbia being seen as a “strategically important” project for the group. In a Rio Tinto publication released on Thursday, Rio Tinto CEO for diamonds and minerals, Alan... 

Nevsun, Reservoir merge to create new midtier base metals company

By: Samantha Herbst     25th April 2016 Dual-listed base metals miner Nevsun Resources has agreed to acquire TSX-listed Reservoir Minerals for about $365-million to create a new, diversified midtier base metals mining company. 

Dundee Precious Metals to sell Kapan

By: Natasha Odendaal     2nd March 2016 TSX-listed international gold mining company Dundee Precious Metals (DPM) has entered into a definitive agreement to sell its Armenia-based Kapan mine to Polymetal International for $25-million and a 2% royalty deal. In an update to shareholders, the Canada-based group said the proceeds from the... 

PDAC Honours Industry Leaders with 2016 Awards

     4th January 2016 Industry leaders in seven categories will be honoured for their outstanding contributions to the mineral exploration and mining sector at the Prospectors & Developers Association of Canada’s 2016 Convention. The annual awards showcase the best domestic and international mineral discovery, mine... 

Reservoir Minerals, Rio Tinto sign earn-in, JV accord for Serbian projects

By: Henry Lazenby     13th November 2015 Mining major Rio Tinto has agreed to a 75% earn-in and joint venture (JV) agreement with subsidiaries of TSX-V-listed explorer Reservoir Minerals, if it funds $75-million in exploration expenditure on four exploration permits in the Timok Magmatic Complex of Serbia, known as the Tilva project.... 

Kopex Group

     29th August 2014 Polish mining supplier Kopex is a manufacturer of high-class machinery, equipment and modern mining technologies, offering solutions for underground and openpit mining operations across the globe. 

Mining equipment manufacturer Kopex increases its presence in Africa

     29th August 2014 Mining equipment manufacturer and service provider Kopex Group, which is headquartered in Poland, is increasing its presence on African soil, where it sees increased demand for more user- and environment-friendly mining equipment. Through its subsidiary company, Hansen + Genwest, based in Benoni,... 

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