Glencore sells African zinc assets to Trevali and gets offtake from all byuer’s mines

MINEX FORUM | March 14, 2017
img0 Glencore announced that it has entered into a definitive agreement with Trevali Mining Corporation, whereby Trevali will purchase Glencore’s 80% interest in the Rosh Pinah mine in Namibia and 90% interest in the Perkoa mine in Burkina Faso. The aggregate consideration is US$400 million, of which US$244 million is to be paid in cash, with ...

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 ...

Balkan Zinc to re-open AIM for full stock-market float and Montenegro for zinc

MINEX FORUM | November 21, 2016
img0 Image: creinternational.com A company looking to reopen a zinc mine in Montenegro is planning the first full stock-market float of a miner in London since 2013. Balkan Zinc intends to join London’s junior AIM market before Christmas with a view to raising £10m. It expects to have a free float of around 60% and a market cap of ...