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Vladimir Basov

Vladimir Basov

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Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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Australian gold junior Besra secures up to US$300M to build a mine in Malaysia

(Kitco News) - Besra Gold (ASX: BEZ) today announced the execution of a non-binding term sheet for the provision of up to US$300M gold pre-purchase drawdown and offtake funding agreement signed with its major shareholder Quantum Metal Recovery, one of the largest gold distributors in Malaysia.

Forrest's Wyloo announces on-market takeover offer for Mincor Resources

(Kitco News) - Wyloo Consolidated Investments, a subsidiary of Wyloo Metals, a private company controlled by Andrew Forrest, the Australian billionaire who founded and chairs Fortescue Metals Group, today announced an on-market takeover offer for all of the shares in Mincor Resources that are not owned by Wyloo.

Boliden and Volvo join forces on deployment of underground electric trucks for mining

(Kitco News) - The Swedish mining group Boliden (STO: BOL) announced today it is becoming one of the first in the world to start using battery-electric trucks for heavy underground transport starting 2023.

Fortuna reports decline in silver and gold reserves, resources up

(Kitco News) - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) today announced updated mineral reserve and mineral resource estimates for its four operating mines and its development Séguéla gold project as of December 31, 2022.

MMG restarts operations at the Dugald River zinc mine in Australia

(Kitco News) - China's MMG said today that following ongoing consultation with the Queensland Mines Inspectorate, the Dugald River mine has been approved to recommence operations from Tuesday 21 March 2023.

First Majestic suspends mining activities at Jerritt Canyon due to ongoing challenges, aims to reduce overall costs

(Kitco News) - First Majestic Silver announced today it is taking action to reduce overall costs by reducing investments, temporarily suspending all mining activities and reducing its workforce at Jerritt Canyon effective immediately.

GR Silver significantly increases resources at the Plomosas project in Mexico

(Kitco News) - GR Silver Mining (TSXV: GRSL) today announced an updated mineral resource estimate for the company's wholly-owned Plomosas project in Sinaloa, Mexico.

Barrick pledges $30M towards school development in Tanzania

(Kitco News) - Barrick said that in a meeting today between Barrick president and chief executive Mark Bristow and Tanzania president Samia Suluhu Hassan, the company affirmed its pledge of $30 million in partnership with the Tanzanian government, towards the expansion of education infrastructure in Tanzania.

Thor Explorations more than doubles resources at the Douta gold project in Senegal

(Kitco News) - Thor Explorations (TSX-V: THX) today announced the results of an updated mineral resource estimate for the Douta gold project in Senegal.

MMG approves expansion of Kinsevere copper mine in DRC

(Kitco News) - MMG approves expansion of Kinsevere copper mine in DRC