Macedonia terminates concession agreement for Kazandol mining project

MINEX Forum | March 30, 2018
img0 The Macedonian government decided on March 27 to annul the agreement on the construction of Kazandol mining complex in the south of the country, after environmental concerns were raised. Sardich MC, a company set up with British and Ukrainian capital, signed a concession deal with the Macedonian authorities on the exploration of copper, gold and ...

Lydian advanced all major construction objectives at Amulsar

MINEX Forum | March 28, 2018
img0 Lydian International Limited (TSX:LYD) (“Lydian” or “the Company”) announced today its results for the three months and year ended December 31, 2017. Copies of the Company’s audited annual financial statements, management’s discussion and analysis, and annual information form are available under the Company’s profile on www.sedar.com.  All dollar amounts referenced in this news release are, ...

Kazakhstan Potash expands portfolio to include lithium-tantalum-tin in DRC

MINEX Forum | March 28, 2018
img0 Kazakhstan Potash Corp Ltd (ASX:KPC) is expanding its portfolio beyond potash in Kazakhstan to include a lithium-tantalum-tin project in the Democratic Republic of Congo. KPC has entered into an agreement to acquire 60% of Société MCC Resource SARL (MCC), which holds the prospecting licence. The 88 square kilometre prospect is in the world-class lithium-tantalum-tin pegmatite ...

Rio Tinto investing in Serbia mining projects

MINEX Forum | March 28, 2018
img0 Multinational mining corporation Rio Tinto will invest about USD 40 million in a new copper and gold deposit project near Majdanpek. The investment will be made in cooperation with the Australian company Raiden Resources, which owns licenses for exploration near this eastern Serbia town. With the investment, Rio Tinto will hold 75 percent ownership of ...

Rothschild pitches idea of pre-IPO sales for Kazakh privatisations

MINEX Forum | March 28, 2018
img0 Rothschild, which advises the Kazakh central bank, has recommended that the country’s privatisation programme include pre-sales to strategic investors before shares are put on the market. Oil-rich Kazakhstan, hard hit by the fall in global crude prices LCOc1, has embarked on an ambitious privatisation drive to sharply cut the state’s role in the economy by ...

Georgian Mining Corporation Appointment of New CEO

MINEX Forum | March 28, 2018
img0 Michael Struthers, previously Chief Operating Officer, has been appointed Chief Executive Officer with immediate effect. Mr. Struthers has over 37 years of international operational mining experience and replaces Mr Greg Kuenzel, who has been appointed Finance Director of the Company. Dr Neil O’Brien brings over 30 years of industry experience to GEO, including 15 years ...

Trump exempts allies including UK and EU from China-targeted trade barriers

MINEX Forum | March 28, 2018
img0 President Donald Trump has decided to exempt the EU – which includes Britain – and other allies from the recently announced steel and aluminium tariffs, a senior official has revealed. US trade representative Robert Lighthizer told politicians on Capitol Hill that the EU, along with Argentina, Australia, Brazil and South Korea, would not be subject ...