Serbia is mining away a green future

MINEX Forum | September 18, 2018
img0 Serbia’s notorious Drmno coal mine is rapidly expanding on Chinese loans, pushing the country towards high-carbon lock-in and long-term debt. The Drmno mine in Serbia is rapidly expanding, without anyone knowing what its impacts will be. Despite a planned 30 per cent increase in production volume, no figures on the surface areas expansion have been ...

Polymetal International plc has been included into the “DJSI” for the first time

MINEX Forum | September 18, 2018
img0 Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its subsidiaries – “Polymetal”, the “Company”, or the “Group”) has been included into the Dow Jones Sustainability Emerging Markets Index (“DJSI”) for the first time. “I am proud that Polymetal has successfully met the stringent criteria of Dow Jones Sustainability Indices. It should send a ...

Chaarat appoints new board member

MINEX Forum | September 13, 2018
img0 Aim-quoted exploration and development company Chaarat Gold has appointed Robert Edwards – a mining engineer with broad institutional and corporate experience – to its board as an independent nonexecutive director. Edwards is the former chairperson of Global Mining at Renaissance Capital and has also worked for HSBC and the Royal Bank of Canada. Edwards is ...

Nordgold launches new Russia mine

MINEX Forum | September 13, 2018
img0 Gold miner Nordgold has formally launched its third mine – the new Gross operation in Yakutia, Russia, which will turn the company into an one-million-ounce a year producer. The Gross mine will operate for 17 years and is expected to add 200 000 oz/y of to Nordgold’s production profile. Construction of the mine began in ...

Lundin has no plan to amend Nevsun offer

MINEX Forum | September 10, 2018
img0 Canadian firm Lundin Mining has announced that it would not amend its bid for all of the issued and outstanding shares of fellow Canadian miner Nevsun Resources. This comes after Nevsun earlier this week agreed to a friendly C$1.86-billion takeover by Zijin Mining, trumping Lundin’s hostile C$1.4-billion takeover bid of July 26. Lundin’s bid expires ...

Armenia launches criminal case against Lydian for breaching gold mining contract

MINEX Forum | September 10, 2018
img0 Armenian prosecutors have launched a criminal case against mining company Lydian Armenia on suspicion of illegal mining at the giant Amulsar gold mine. Lydian Armenia, which is 100%-owned by Armenia-focused Lydian International, is developing Amulsar, which has Armenia’s second largest gold deposits, with estimated mineral resources of 3.5mn measured and indicated gold ounces and 1.3mn ...

Poland’s JSW seeks tighter grip on coking coal with possible Prairie bid -sources

MINEX Forum | September 10, 2018
img0 Poland’s JSW is considering a bid for control of Prairie Mining to tighten its grip as the EU’s biggest coking coal miner, two sources familiar with the situation said. Coking coal is on the European Commission’s list of critical raw materials of economic importance with the price of Chinese coking coal futures tripling since 2015. ...