Nordgold agreed with Sberbank CIB about US$325 million seven-year debt

MINEX FORUM | March 23, 2017
img0 The gold producer Nordgold  announced that the Group has entered into a US$325 million seven-year debt facility with Sberbank CIB. Nordgold intends to use the proceeds to refinance its existing debt facility with Sberbank (approximately US$333 million). As at 31 December 2016, Nordgold’s total debt was US$861.6 million, while its net debt position was US$505.4 ...

Geotechnical or Geomechanical?

Alexander Vyazmensky | March 9, 2017
img0 Image: LTU website Quite often, I hear a question: “Why the term Geotechnical Engineering is used in Mining?” Let’s investigate! There are five major specialty areas that deal with engineering in soil and/or rock: 1.      Civil Geotechnics: design of foundations for urban construction and civil infrastructure, tunnels engineering, design of dams and large underground openings for civil ...

Rosgeologia suggests development of geothermal energy industry in the Far East

MINEX FORUM | March 8, 2017
img0 Albert Iskhakov, the Head of Rosgeologia Research Division, submitted Rosgeologia’s suggestion to the Government of Kamchatka Krai on development of geothermal industry in the region. He made a respective report at a working meeting in Petropavlovsk-Kamchatsky chaired by Vladimir Ilyukhin, the Governor of Kamchatka Krai. The holding company puts forward an idea to fulfill a ...

Rathdowny Resources rises debt for its Polish zinc project

MINEX FORUM | March 6, 2017
img0 Image: rathdowneyresources.com TSX-V-listed project developer Rathdowny Resources has closed a C$6.9-million private placement, which will be used to further advance permitting of the company’s flagship Olza zinc/lead/silver project, in Poland, said miningweekly.com. The Vancouver-based junior has also entered an unsecured C$30 000 debenture with an unrelated lender to use for corporate purposes. The debenture bears a ...

Cornish Lithium Limited is about to become the leading lithium company in the UK

MINEX FORUM | January 19, 2017
img0 Image: businesscornwall.co.uk Newcomer Cornish Lithium Limited is hoping to lead the development of a lithium industry in the UK after acquiring the rights to drill for the mineral in the ancient mining region of Cornwall from Canadian junior Strongbow Exploration (TSX-V:SBW). With the deal, the start-up led by the head of mining research at Investec Plc, Jeremy Wrathall, is ...

Avrupa Minerals to prepare projects for potential JV partners

MINEX FORUM | January 19, 2017
img0 Image: streetwisereports.com Avrupa Minerals Ltd. (AVU:TSXV) announced an overview of the Company’s progress during 2016 and an outline of planned activities for 2017.  Base metal prices increased across the board, making Avrupa’s copper and zinc projects in southern Portugal more attractive for potential joint venture in 2017.  The Company was successful in 2016, delivering a number of ...