trending Market Intelligence /marketintelligence/en/news-insights/trending/v66evtaxtvccuto9kfq74q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Tethyan Resources pulls out of Cadinje JV with Balkan Minerals

Industries Most and Least Impacted by COVID 19 from a Probability of Default Perspective March 2020 Update

Entertainment Promos Take Center Stage Amid Coronavirus Lockdowns

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus


Tethyan Resources pulls out of Cadinje JV with Balkan Minerals

Tethyan Resources Plc said Oct. 6 that it has decided to pull out of its joint venture with Balkan Minerals Corp. d.o.o. over the latter's Cadinje polymetallic project in Serbia after recent drill results returned low gold assays and did not improve on historical assays from area.

According to Tethyan, the geological interpretation of the project has changed with the recognition of two thrust faults cutting the project's mineralization off at depth. The company's technical personnel said the potential to increase the known size of Cadinje's mineralized resource is now limited.

"Tethyan is committed to exploring for gold and base metals within the Balkans and we plan to focus our resources on projects which can deliver the highest return to shareholders," CEO Peter Mullens said.

The company also noted that its decision to back out of the venture will not incur any penalty and that it has no further liabilities related to the project.

Tethyan recently secured an option to acquire an 87-square-kilometer exploration license over the Suva Ruda porphyry copper-gold project in Serbia.