Gold mining project in Russia praised at BRICS Summit

MINEX Forum | July 27, 2018
img0 An Indian-driven gold mining project in Siberia has been hailed at the BRICS Summit here as the first practical implementation of the objectives of the grouping comprising Brazil, Russia, India, China and South Africa. The Kluchevskoye Gold Mining Project, initiated by India’s SUN Gold Ltd, is being seen as the first-ever industrial public-private partnership investment ...

Mongolia, Kazakhstan to set up gold refining plant

MINEX Forum | April 3, 2018
img0 Mongolia and Kazakhstan agreed on setting up a gold refinery plant during the 7th Mongolia-Kazakhstan Intergovernmental Commission’s meeting, Mongolian Minister of Mining and Heavy Industry D.Sumiyabazar said. Minister Sumiyabazar met Deputy Minister for Investments and Development of Kazakhstan Arystan Kabikenov on March 30. At the meeting they established a memorandum of cooperation in fields of ...

Kazakhstan Potash expands portfolio to include lithium-tantalum-tin in DRC

MINEX Forum | March 28, 2018
img0 Kazakhstan Potash Corp Ltd (ASX:KPC) is expanding its portfolio beyond potash in Kazakhstan to include a lithium-tantalum-tin project in the Democratic Republic of Congo. KPC has entered into an agreement to acquire 60% of Société MCC Resource SARL (MCC), which holds the prospecting licence. The 88 square kilometre prospect is in the world-class lithium-tantalum-tin pegmatite ...

Russia brings Chinese funding into uranium mining

MINEX Forum | March 26, 2018
img0 Russia has opened its uranium mining industry to foreign investment with an agreement signed yesterday between the Russia-China Investment Fund for Regional Development (RCIF), ARMZ Uranium Holding, and Priargunsky Industrial Mining and Chemical Union (PIMCU). ARMZ and PIMCU are subsidiaries of Russian state nuclear corporation Rosatom. The three parties to the agreement will work on ...

Georgian agrees terms for Kvemo Bolnisi development

MINEX FORUM | March 15, 2018
img0 London-listed Georgian Mining and its joint venture (JV) partner Caucasian Mining have agreed on terms for the development of the Kvemo Bolnisi (KB) copper/gold project, in the Tehtyan Belt in Georgia. The parties have settled on funding the JV company, Georgian Copper and Gold (GCG), on a 50:50 basis, Georgian said in a statement on Thursday. In terms of a 2015 agreement, Georgian had to contribute $6-million towards ...

Rio Tinto teams up with junior in Serbia exploration venture

MINEX FORUM | March 14, 2018
img0 Miningmajor Rio Tinto’s exploration arm has reached a $31.5-million earn-in and joint venture (JV) agreement with ASX-listed junior Raiden Resources, over its project holding in Serbia. The earn-in and JV agreement covers Raiden’s Zapadni Majdanpek, Majdanpek Pojas and Donje Nevlje explorationlicences, which are all located within the Western Tethyan Metallogenic belt, which hosts a number of tier-one copper/gold porphyry deposits. Under the terms of the ...

New exploration licences will be sold at the action in Kyrgyzstan

MINEX Forum | February 19, 2018
img0 In March 2018 the State Committee of Industry, Energy and Subsoil Use of the Kyrgyz Republic will be organising actions and tenders for exploration of Gold, Coal, Iron Ore and Rare earth elements deposits. List of tender objects-2018 List of auction objects-2018 For more detailed information on the terms for participation in auctions and tenders, please ...

MINING INDABA 2018: Yilmaden in Cape Town seeking investment, diversification opportunities

MINEX FORUM | February 8, 2018
img0 Yilmaden Holding has sent a team of senior representatives to Mining Indaba to secure investment opportunities in markets including cobalt, vanadium and molybdenum. The company, a subsidiary of Turkish industrial conglomerate Yildirim Group, is looking for diversification opportunities in Central Asia, Africa and South America. The group already owns chrome assets in Turkey, Sweden, Russia ...