Euromax announces closing of private placement financing

MINEX Forum | April 14, 2018
img0 Euromax Resources Ltd. (TSX: EOX; OTCQB: EOXFF), is pleased to announce that it has closed its previously announced non-brokered private placement financing for gross proceeds of CAD$5,220,000 (USD$4,000,000) (the “Private Placement”). Pursuant to the Private Placement, the Company has issued 29,000,000 units (the “Units”), each Unit consisting of one common share in the capital of the ...

London-listed miner CAML reports 35 pct jump in core earnings

MINEX Forum | April 14, 2018
img0 Base metals miner Central Asia Metals (CAML) reported a 35 percent rise in 2017 core earnings as prices improved, allowing it to raise its dividend. The London-listed miner said earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose to $53.8 million from $39.9 million a year earlier. Copper prices on the London Metal Exchange jumped ...

Ecological disaster feared in Donbas as Russian-led forces inundate infamous ‘nuclear pit’

MINEX Forum | April 14, 2018
img0 Nearly 40 years ago, something happened in the quiet, unremarkable coal-mining town of Yunokomunarivsk in the central Donbas that made it the subject of urban legends. On Sept. 16, 1979, the Soviet authorities detonated a nuclear bomb inside the “Yuniy Kommunar” (“Young Communard”) coal mine, at a depth of 903 meters, just beneath the town ...

Kyrgyzstan: China demands to protect investor after locals burnt gold-processing plant

MINEX Forum | April 14, 2018
img0 BISHKEK (TCA) — The Embassy of China in Kyrgyzstan has asked the Kyrgyz Foreign Affairs and Internal Affairs Ministries to conduct a fair investigation and protect Chinese investors, after hundreds of residents of the country’s Toguz-Torou district set several buildings of the Kyrgyz-Chinese joint venture Makmal GL Developing ablaze on April 11, 24.kg news agency ...