RTB Bor copper mining and smelting complex was crucial for the country before the collapse of communist Yugoslavia. However, it later became a burden on the country’s struggling economy because of malpractices and international sanctions.
Europe Mining News
Over the past six months, platinum’s price has continued its multi-year decline, falling below $800 – close to its lowest level in a decade.
Cobalt 27 stockpile worth $5 million stolen from Rotterdam warehouse.
Being home to Europe’s biggest rock collection has finally come in handy for Sweden
Can old coal mines generate harnessable low-carbon heat for domestic use?
In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return.
Russia has a plan to support world No.2 aluminium producer Rusal against U.S. sanctions put in place in April.
Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage.
Junior continues to pursue $800-million acquisition of Centerra Gold's Kumtor mine in Kyrgyzstan.
Expansion and upgrades would extend the mine’s life by 21 years.
The company, which unveiled its development plans for the Asteroid Prospecting Satellite One (APS-1) last month, is hoping to raise £2.3million.
In Benin, six tonnes of organic waste are turned into biogas every week.
Only in the US, corrosion costs the oil and gas industry $1.4 billion a year.
Kremlin aide Andrei Belousov said on Friday he would like major Russian firms to invest in social projects rather than pay higher taxes.
About half the cost of the ship will be paid for by the Norwegian government.
Extension of the deadline, the fifth one so far this year, seeks reaching final agreement that would end long-running dispute over the country’s largest gold mine.
China's Zijin Mining, Canadian-Finnish fund Champion and Cyprus-based U Gold have bid for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter.
Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate.
Moscow bought 26.1 tonnes of gold in July, more than in any other month this year.
Germany’s states are upping pressure on Chancellor Angela Merkel to keep coal-fired power for as long as 30 years as the nation approaches a deadline for setting an exit date from the fossil fuel.
The offer is priced at a 62% premium to the explorer’s share price at close on June 20, a day before it was announced.
Polymetal International plc announced today that the Board of Directors of the Company has resolved to pay an interim dividend of $ 0.17 per share.
Serbia's government said it was seeking a partner to invest at least $350 million in debt-laden RTB Bor.
Miner will include Sarine’s mapping and planning technologies into its sales platform, which applies algorithms to match rough diamond production with polished manufacturing demand on a stone by stone basis.
Metso has decided to relocate its' waste recycling business to new built factory and office facility in Denmark. Part of the relocating costs will be funded by selling the current property and estate in Horsens, Denmark. Metso has received a firm purchase offer from a local developer.