Mining

The investment will be made in cooperation with the Australian company Raiden Resources, which owns licenses for exploration near this eastern Serbia town, writes the website SEEbiz.

With the investment, Rio Tinto will hold 75 percent ownership of these exploration rights.

BELGRADE - A tender to select a strategic partner for the RTB Bor mining and smelting complex will be launched by the end of May, the company's CEO Blagoje Spaskovski told Tanjug on Monday, noting that RTB Bor was offering 1.34 bln t of ore deposits and a qualified workforce.

The company is interested in a strategic partnership with Serbia's copper mining and smelting complex RTB Bor and an investment worth several hundred million dollars.

An application filed by a mining company to search for gold and silver mines in the Aegean resort island of Gökçeada in the northwestern Çanakkale province has been withdrawn after environmental concerns, according to a statement released by the Environment and Urbanization Ministry’s Provincial Directorate.

Miners across the country commemorated their colleagues who died in accidents across the country to mark International Miners’ Day on Dec. 4.

The two miners, buried in a collapsed mine in the Turkish province of Zonguldak, were found dead, the Hurriyet newspaper reported.

55-year-old miner died in an incident at Oranovo coal mine near Simitli, South-West Bulgaria in the afternnon on 14th of November.

According to information from the Chief Labour Inspectorate in Kyustendil, the miner was crushed by an empty mining trolley in a sloping gallery. The man was taken to hospital in Blagoevgrad, where he later died because of serious injuries.

A Colombia-based gang was brought down after stealing a diamond worth $1 million in Ankara.

Canadian mineral exploration company Black Sea Copper & Gold said on Monday it has signed a three-year exploration agreement with Bulgaria's energy ministry for its fully-owned Kalabak copper-gold project in western Bulgaria.

BELGRADE - Serbia will soon see a major boom in its mining sector, Assistant Minister of Mining and Energy Sinisa Tanackovic said Wednesday at the opening of the international conference Mineral Resources in the Republic of Serbia: A Driving Force for Economic Development.