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Velocity Minerals to Acquire Stake in Obichnik Gold Project, Bulgaria
June 13, 2019
Gold exploration and development company Velocity Minerals has signed an option agreement with Bulgarian partner Gorubso Kardzhali to acquire a 70 percent interest in the Momchil property. Velocity said that the Momchil property includes the Obichnik gold project, which has
Mincor to Cease Mining Operations at Widgiemooltha Gold Mine, Australia
June 13, 2019
Mincor has announced that it implement an orderly wind-down of mining operations at Widgiemooltha Gold Operations (WGO) in Western Australia. Mincor Resources advises that it has completed the Strategic Review of the Company’s gold operations in Western Australia, which was
Thor Signs EPC Contract for Segilola Gold Project, Nigeria
June 11, 2019
Thor Explorations has signed the engineering, procurement and construction contract with Norinco International for its 100 percent owned Segilola Gold Project, Nigeria. The EPC Contract was signed on May 31, during the 10th International Infrastructure Investment and Construction Forum in
Outotec to Design and Deliver Greenfield Copper Concentrator for Baikal Mining, Russia
June 11, 2019
Outotec has signed a contract with Baikal Mining for the design and delivery of a greenfield copper concentrator and hydrometallurgical plant for the Udokan project located in the Kalarsky District in the Russian Far East. The company said that approximately
TVEL Fuel and Hermith Establish a Joint Venture for Titanium Production
June 11, 2019
During the St. Petersburg International Economic Forum, TVEL Fuel Company of ROSATOM and Hermith, a major European titanium supplier, have concluded an agreement aimed at establishing a joint venture for production of titanium alloys. The document has been signed by
Analysis in Norway Reveals Extensive Seabed Minerals
June 11, 2019
The Norwegian Petroleum Directorate’s chemical analyses of sulphides and manganese crusts from the Norwegian shelf reveal that the sulphides contain a high content of copper, zinc and cobalt. The sulphis contains mostly contain iron, but also have a relatively high
India’s Coal Future Hinges on Advanced Ultra-supercritical Breakthroughs
June 10, 2019
India is striving to conserve coal and slash its carbon emissions. The country which depended on coal for 56 percent of its total capacity of 356 GW as of May 2019, wants to reduce coal’s share to 45 percent of
Perseus Mining to Commence Development of Yaouré Gold Mine, Côte D’ivoire
June 7, 2019
Perseus Mining’s board of directors has formally approved construction of the company’s third gold mine, the Yaouré Gold Mine in Côte d’Ivoire. With a forecast capital cost of US$265 million, Yaouré is expected to become a large scale, low-cost gold
Lundin Mining to Acquire Yamana Gold’s Chapada Copper Mine for $800 Million, Brazil
June 7, 2019
Lundin Mining Corporation has entered into a definitive purchase agreement with Yamana Gold to purchase its 100 percent ownership stake in Mineração Maracá Indústria e Comércio S/A, which owns the Chapada copper-gold mine located in Brazil, for cash consideration of
Teck Signs $2.5 Billion Financing Agreement for QB2 Copper Project, Chile
June 6, 2019
Canadian metals and mining company Teck Resources has signed a $2.5 billion resource financing agreement to fund the development of its Quebrada Blanca Phase 2 (QB2) copper project in Chile. Claimed to be one of the world’s largest undeveloped copper
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