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 ...

As copper booms, miners take hunt to Mongolian dunes

MINEX FORUM | March 13, 2018
img0 When temperatures rise and winds drop in the coming weeks, a band of explorers will hunt for copper riches in Mongolia’s Gobi Desert. For years Rio Tinto has been the sole international coppermine operator in Mongolia, bound closely to a country where it has bet billions of dollars on the giant Oyu Tolgoi project. Others have steered clear due to the risks of operating in a ...

Global metals exploration likely to rise 20% in 2018 – S&P Global

MINEX FORUM | March 6, 2018
img0 Global mining exploration budgets are expected to swell about 20% this year, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P’s Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in 2017 to an estimated $8.4-billion, compared with $7.3-billion in 2016, representing the ...

Orsu Metals confirmed gold mineralization at Sergeevskoe Gold Project in Russia

MINEX FORUM | February 6, 2018
img0 Highlights: Hole SDH17-20 intercepted gold mineralized intervals, which together with intervals in historical holes, have tripled the strike length of gold mineralization to 300 m, with 170 m width and 150-200 m depth at Zone 23 Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “Hole SDH17-20, primarily drilled to constrain the downdip geometry of gold-mineralized stockwork at ...

Rio Tinto digs deeper into Mongolia

MINEX Forum | January 29, 2018
img0 Global miner Rio Tinto will set up a new office in the Mongolian capital, separate from its giant Oyu Tolgoi project, to focus on exploration and local ties, strengthening its commitment to one of the world’s greatest copper prospects. Mongolia’s proximity to neighbouring China, the world’s biggest copper consumer, has attracted interest from international prospectors ...

BMG secures option over four Bulgarian exploration projects

MINEX FORUM | January 17, 2018
img0 ASX-listed BMG Resources has secured the rights to acquire call options for 100% of four Bulgarian gold and polymetallic minerals development and exploration projects. These project include the Trun, Babyak, Srebren and Zidarova/Varshilo projects – a mix of advanced and prospective exploration opportunities with strong potential to host large-scale mining operations. The deal remains subject to formal documentation, completion of satisfactory due diligence and required approvals. CSA Global has ...

Medgold Identifies new Gold targets in Southern Serbia

MINEX Forum | January 12, 2018
img0 Vancouver, Canada, January 11, 2018, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is  pleased to announce results from ridge-and-spur soil sampling near Medgold’s Tlamino gold project in southern Serbia HIGHLIGHTS: Two large gold targets identified for follow up work, The targets measure 3 km by 1 km and 2 km by 1.5 km and ...

RosGeoPerspectiva plans to explore for copper and gold in Uzbekistan

MINEX Forum | January 8, 2018
img0 The Russian company, RosGeoPerspectiva, will carry out geological exploration work to find copper and gold in the promising areas of Kazakhtau and Kazakhtau 1 in Navoi region of Uzbekistan. The Russian side and the State Committee of Uzbekistan for Geology and Mineral Resources have already prepared a draft agreement on geological exploration and pilot production ...

Huge silver deposit discovered in Mongolia

MINEX Forum | January 8, 2018
img0 According to Xinhua, the state-owned news agency, the deposit contains over 100 million tonnes of silver ore. It wasn’t clear from the media report whether that number refers to resources or reserves, but it must be resources, since Chinese silver reserves currently only stand at 39,000 tonnes, states the US Geological Survey. The deposit is located in  Shuangjianzi Mountain ...