International news within the industry of mining and metal, May, 22 2019
Latest News

Canadian miner completes PEA for Bulgarian gold project

Photo: Velocity Minerals
Photo: Velocity Minerals
Published by
Jaroslaw Adamowski - 20 Sep 2018

Canada’s Velocity Minerals has com-pleted a preliminart economic assessment (PEA) for its Rozino gold project in Bulgaria, moving ahead the company’s plan to ac-quire a 70% stake in the investment.

"The aim is to build a multi-asset production profile that maintains annual production of more than 100,000 ounces of gold over a pe-riod in excess of 10 years," said Keith Henderson, the president and chief executive of Velocity Minerals, said in a statement.

The Canadian company says that mining of the Rozino deposit is to commence in 2022, and increase to a maximum of some 6.8 mil-lion tonnes per year.

Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat
Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat

Chinese control half of the Congo's cobalt