Erdene Resource Development increases the offer to CAD$12 M

MINEX FORUM | February 1, 2017
img0 Erdene Resource Development Corp. (TSX:ERD) announced that due to strong demand, it has amended the terms of its previously announced bought deal financing to increase the size of the offering from C$10,000,760 to C$12,000,000. The Company has entered into an amended agreement whereby Paradigm Capital Inc. as lead underwriter and Canaccord Genuity Group Inc. have ...

Serbia need a restructuring plan for loss-making state mines to get the IMF loan

MINEX FORUM | January 18, 2017
img0 Image: energovg.rs Serbia hopes to discuss a new loan agreement with the International Monetary Fund in the spring, Prime Minister Aleksandar Vucic said on Wednesday. Serbia’s 1.2 billion-euro loan agreement with the IMF is due to end in February 2018, oann.com reported with reference to Reuters. “We were very satisfied with the results we achieved through that ...

Digital applications are used for safety and productivity in mining

MINEX FORUM | January 10, 2017
img0 Image: mining.com General Electric’s mining division is betting on mining’s growing need for all things digital. Mining.com spoke to Vice President and Global Mining Leader, Scott Phillips, at MINExpo in September. “At surface mines and underground mines you are increasingly seeing operations that are more and more employing digital applications,” says Phillips. “I’ve seen a lot of ...

RTB Bor needs a new management team

MINEX FORUM | January 9, 2017
img0 Serbia’s RTB Bor is seeking a new management team to prepare the state-run copper mine and smelter for privatisation and repay up to one-billion euros ($1.05-billion) of debt. The Balkan state has been trying to privatise RTB Bor for more than a decade, miningweekly.com reported. As part of a 1.2-billion-euro loan deal agreed with the International ...

Application of Drones for Mining Operations

Alexander Vyazmensky | December 28, 2016
img0 Initially published here. Rise of Drones Civilian Unmanned Aerial Vehicles (UAVs) or Drones are versatile flying machines, which can perform a variety of tasks, including, but not limited to, surveying and mapping, inspections, small cargo delivery, aerial photography and video surveillance. Drones are quick to deploy, they can be launched, flown and landed by an ...

EBRD to give $43.7 mln to Dundee Precious Metals for its Bulgarian Krumovgrad project

MINEX FORUM | December 27, 2016
img0 Image: aiidatapro.net Dundee Precious Metals Inc. (TSX:DPM) announced that it has entered into a definitive agreement with respect to a C$43.7 million strategic equity investment in DPM by the European Bank for Reconstruction and Development (“EBRD”). The investment is to be effected by way of a private placement of 17,843,120 common shares of the Company to be ...

VAT obstructs gold investment in Russia

MINEX FORUM | December 22, 2016
img0 Image: i_imgur_com On 12-13 December the World Gold Council hosted a workshop in Moscow on “Global gold trends and the gold investment market in Russia”. The workshop brought together [about 60 representatives] of the gold industry, financial services sector and policy officials to discuss the gold investment market in Russia and how it can be strengthened. ...