CALM enters Macedonia for $402.5 million

MINEX FORUM | September 22, 2017
img0 Central Asia Metals plc (AIM: CAML)announced that it has conditionally agreed to purchase a 100 per cent. interest in Lynx Resources Limited (“Lynx”), the owner of the SASA zinc-lead mine in Macedonia, from Orion Co-Investments III L.P. (“Orion”) and Fusion Capital AG for $402.5 million (the “Consideration”). Highlights Transformational transaction for CAML, creating an AIM ...

Novo Litio acquires Medgold’s litium project in Portugal

MINEX FORUM | September 4, 2017
img0 Novo Litio LTD (ASX: NLI, FRANKFURT: ORM) reports that it has acquired a very large (354km2 ) granted tenement package, over an area of known LCT-type pegmatite occurrences around the Sepeda Lithium Project, from TSX-v listed Medgold Resources Corp. (“Medgold”). This transaction is a major strategic achievement for NLI within the northern pegmatite belt in Portugal. This ...

Savannah Resources finished the first phase of exploration at its Mina do Barroso lithium project

MINEX FORUM | July 4, 2017
img0 Aim-listed Savannah Resources has completed the first phase of exploration at its Mina do Barroso lithium project, in Portugal. The programme was aimed at defining the extent of the lithium-bearing pegmatites in preparation for drilling. Savannah Resources plc (AIM: SAV), the AIM quoted resource development company, announced that the first phase of the exploration programme aimed ...

Rio Tinto confirmed the sale of its Coal & Allied Industries Limited to Glencore

MINEX FORUM | June 26, 2017
img0 The Rio Tinto board today confirmed its recommendation that shareholders vote in favour of the sale of Rio Tinto’s wholly-owned subsidiary Coal & Allied Industries Limited (“C&A”) to Yancoal Australia Limited (“Yancoal”). The recommendation follows consideration by the board of a revised offer from Glencore plc received on 23 June 2017, and a revised offer ...