Eurasia Mining PLC announces approval of Russia based Monchetundra Mine permit application

MINEX Forum | July 13, 2018
img0 Eurasia Mining plc announce the Ministry of Natural Resources has approved its application for a mining permit at Monchetundra Mine in Russia. The AIM-listed PGM and gold mining company said the mine permit application has now been delivered to the office of Prime Minister Dmitry Medvedev for final authorisation. The company said the MNR approval ...

Australia’s Mineral Deposits recommends takeover offer as Eramet builds up stake

MINEX Forum | July 11, 2018
img0 Australia’s Mineral Deposits on Tuesday recommended shareholders accept a revised takeover offer from Eramet, noting that the French company had built up a stake that made it the largest shareholder in the mineral sands producer. Mineral Deposits had rejected the revised A$345 million ($256.85 million) offer in June, saying it still undervalued the company. The ...

Gabriel Resources President and CEO Jonathan Henry leaves the company

MINEX Forum | July 11, 2018
img0 Gabriel Resources (TSX-V:GBU), the miner that sued Romania for $4.4 billion in alleged losses related to its halted Rosia Montana gold and silver project, said Tuesday its top executive, Jonathan Henry, was leaving the company to “pursue other opportunities.” While Henry has resigned from his position as President, Chief Executive Officer and Director, he’ll continue ...

Mundoro announces drill program at Borsko Project in Timok Serbia

MINEX Forum | July 5, 2018
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company“) is pleased to announce mobilization for drilling at the Borsko Jezero license (“Borsko”).  Borsko is one of the four licenses being sole funded by Japan Oil, Gas and Metals National Corporation (“JOGMEC”) as part of the Amended Earn-in Agreement announced August 2016.  Borsko is located in the ...

Petropavlovsk board removed

MINEX Forum | July 4, 2018
img0 A group of rebel shareholders has succeeded in its bid to clear out the board of Russian gold miner Petropvalovsk (POG). Proposals to remove chairman Ian Ashby, chief executive Roman Deniskin, and directors Bruce Buck, Adrian Coates and Garrett Soden were tabled at last Friday’s (29 June) annual general meeting by investors CABS and Slevin, ...

Erin Ventures boron Piskanja project in Serbia, drilling report updates

MINEX Forum | July 4, 2018
img0 Erin Ventures Inc. received assay results for the first three drill holes from this season’s exploration program on its 100% owned Piskanja boron project in Serbia, with the results meeting management’s expectations. Piskanja is Erin’s wholly-owned high-grade boron deposit with an indicated mineral resource of 7.8 million tonnes (averaging 31 percent B2O3), and an inferred ...

Velocity Commences Underground Drilling at Chala Gold Mine, Southeast Bulgaria

MINEX Forum | July 4, 2018
img0 Velocity Minerals Ltd. announces initiated underground drilling at the operating Chala Gold Mine.  A total of 45 diamond drill holes have been planned for more than 5,000m of underground drilling from 8 drill positions.  The drilling is being initiated by Velocity in connection with the successful negotiation and settlement of the terms of a property ...

Hajiyev: Minerals from Azerbaijan’s occupied lands exported to OECD countries

MINEX Forum | July 2, 2018
img0 Some valuable minerals extracted in Azerbaijan’s occupied territories are exported to the countries of the Organization for Economic Cooperation and Development (OECD), Spokesman of the Azerbaijani Foreign Ministry Hikmet Hajiyev told Trend June 28. He was commenting on the investigation of crimes, money laundering, environmental pollution and serious damage to the environment in the mining ...