Newmont is expanding its business to Europe
American miner Newmont, the world’s number one by production, has formed an exploration alliance with Britain’s Ariana Resources, which owns several gold mining concessions in Europe. The goal is to discover new gold and copper exploitations in one of the least explored regions in the world.
American minerNewmontformedExploration Alliancewith the British companyAriana Resourcesdifferent ownerMining interests in European countries.
The aim of this alliance is to focus on exploring new copper and gold deposits in countries such asBosnia and HerzegovinaAnd theBulgariaAnd theGreeceAnd theKosovoAnd theNorth MacedoniasSerbianUsing the company’s specialized equipmentWestern Tithian ResourcesProperties75%FromAriana Resources.
Representatives of this company have indicated that欧洲东南部是一个of the least explored and promising mining regions in the world. your spokesperson,Mentor Demisign to“With our extensive experience in the area and Newmont’s large exploration capacity, database and technology, we are confident that we will be successful in discovering new deposits of copper and gold.”
As per the information provided by the company,Newmont invests $2.5 million in ArianaTo finance exploration activity, as well as facilitate access to the mining company’s regional database.
alliance betweenNewmont, Ariana and Western Tethian ResourcesHas the expected initial duration ofFive years, which can be extended at the request of both partiesat the expense of new investments by Newmont, which also retains the option to enter Ariana Resources’ equity capital.
Vitality arrivedKareem Sener, Ariana’s managerAnd the“We are pleased to partner with Newmont, via Western Tethyan Resources, forExploration of new large-scale gold and copper deposits in the southeastern region of Europe. This was the areaIt was explored during the 80’s and 90’sBy companies that were later absorbed by the Newmont Group, such asNormandy Mining. Therefore, the alliance will benefit fromImportant historical data collected by Newmont. Thanks to this, we can develop a complete exploration of the area. Newmont will also contribute its expertise and knowledge to exploration activity, including the potential deployment of various proprietary technologies”,Sunday Vision writes.
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