Romanian Prime minister to revoke the World Heritage site status to help Gabriel Resources

MINEX FORUM | August 31, 2017
img0 Image:  voanews.com Romanian Prime Minister Mihai Tudose plans to ask UNESCO to revoke the status of World Heritage site for the former mining town of Rosia Montana, as the nomination means important gold reserves can no longer be exploited, said mining.com. The application, submitted to UNESCO by the former government, was the last nail in the coffin for Canadian ...

BlackRockhas increased its ownership in Dalradian Resources to 11.3%

MINEX FORUM | August 31, 2017
img0 The world’s largest asset manager BlackRockhas increased its ownership in TSX- and Aim-listed Dalradian Resources to 11.3%, reflecting the firm’s strong conviction that Dalradian’s high-grade Curraghinalt gold project, located in Northern Ireland, will be a financial success, said miningweekly.com. In a regulatory filing on Friday, BlackRock revealed that its holdings had increased to 29.97-million common shares. A December feasibility study has calculated an after-tax ...

ALROSA to sell diamons at the Hong Kong Jewellery & Gem Fair

MINEX FORUM | August 30, 2017
img0 The first auction will take place on September 13-17, introducing large colorless diamonds, as well as certified fancy colored diamonds, including yellow, green, orange and purple colors. The second auction will be held on September 19-22. Diamonds of small and medium sizes as well as brown diamonds will be introduced there. During the Fair, Diamonds ALROSA will ...

An Irish court approved takeover of Minco PLC by Dalradian Resources

MINEX FORUM | August 30, 2017
img0 An Irish court approved Tuesday Canada’s Dalradian Resources’ (TSX:DNA) proposed takeover of Minco PLC (LON:MIO), which gives the Toronto-based firm control over a 2% net smelter return royalty on the Curraghinalt gold project in Northern Ireland, mining.com notes. The transaction means Minco is also demerging its wholly owned subsidiary Buchans Resources so that, on the completion of the Dalradian ...

Lukoil increased net profit to 138.7 billion roubles by selling diamond assets

MINEX FORUM | August 29, 2017
img0 Russia’s No.2 oil producer Lukoil reported on Tuesday a forecast-beating second-quarter net income of 138.7 billion roubles ($2.4 billion), thanks to a sale of its diamond mining business and a rise in rouble rates, said nasdaq.com. Analysts, polled by Reuters, had expected April-June earnings at 121.5 billion roubles after the company reported its second-quarter 2016 ...

Coal, diamonds, uranium, phosphate nd others slumber beneath the icy surface of the Arctic

MINEX FORUM | August 29, 2017
img0 Image: http://www.ec-arctic.ru The polar regions are the closest thing left to virgin territory in the modern world. But with sea ice melting at a rapid rate due to global warming, the Arctic Sea — and its abundance of valuable minerals and natural resources — is becoming more accessible each year, news.com.au notes. The Arctic, including the fabled ...