Junior continues to pursue $800-million acquisition of Centerra Gold's Kumtor mine in Kyrgyzstan.
Europe Mining News
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.
As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.
The Turkish central bank will allow gold for foreign exchange and location swap deals in order to provide physical gold transactions.
Poland's KGHM will achieve its 2018 copper production plan despite a fall in output in the first half of the year.
Wood Mackenzie predicts that, in the short term, demand for coal will fall due to its higher prices. In the longer term, the new tariffs will slow Turkish economic growth and with that, further weaken the demand for coal.
KGHM said that second quarter net profit fell to 171 million zlotys ($45 million) and missed analysts forecasts of 361 million zlotys.
First Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell.
Base metal markets tumbled on Wednesday, with most contracts falling more than 2 percent in London. Copper sank below $6,000 a metric ton and is set to close in a bear market.
The company that digs the world’s most valuable diamonds may soon become the one that also finds the biggest.