Mining

Chinese, Russians, Canadians interested in copper mine

Investors from China, Russia and Canada have shown "great interest" in the RTB Bor copper mining and smelting complex in eastern Serbia.

Beta reported on Friday that it learned this from the Ministry of Economy, and that the same sources said a decision has been made to find a strategic partner for the company as soon as possible.

Future of Halkidiki gold mines put in doubt

The Greek subsidiary of Canada's Eldorado Gold, Hellas Gold, is set to put its investment in mining projects in Halkidiki on ice following the government's decision to refer its dispute with the company to arbitration.

Hellas Gold announced on Wednesday that it has suspended the inauguration of the facilities at the Olympias mine in northern Greece 'until further notice.'

Memorandum on Jadar project signed with Rio Tinto

BELGRADE - A memorandum of understanding signed on Monday by the Serbian government and the company Rio Tinto should enable the implementation of the Jadar project, a lithium exploration effort near Loznica, western Serbia.

The world-class lithium-borate deposit, estimated at 200 million tonnes, will be able to generate over 10 percent of the global lithium output.

Govt., Rio Tinto in MoU on "world-class lithium-borate site"

The Serbian government and the Rio Tinto company on Monday signed a memorandum of understanding on developing "world-class lithium-borate deposits."

The Serbian government announced this, noting that Prime Minister Ana Brnabic attended the signing, and that the MoU concerned the Jadar projects in western Serbia.

Turkish high court rejects cancelation of copper mine in Black Sea's Cerattepe

Turkey's Council of State has approved a local court decision on a major copper mine in the Black Sea province of Artvin, a project that has triggered strong reactions and protests by locals and environmentalists.

After an application by the Green Artvin Association to cancel the project, the top court ruled there was no need for the cancelation of it.

Rio prefers Yancoal to Glencore in Australia coal sale

Rio Tinto on June 26 recommended shareholders accept a new improved offer from Yancoal for its Australian coal assets, after the China-backed firm trumped a fresh bid from Swiss commodities giant Glencore.

Rio, the world's second-largest miner, said in January it was selling Coal & Allied to Yancoal Australia -- majority-controlled by China's Yanzhou Coal -- for $2.45 billion.

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