Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.
Hungary's HUPX day-ahead traded volume rose in October as average baseload prices climbed 36.8% from September. Higher trading alongside higher prices pointed to stronger turnover amid tighter regional power conditions.
Croatia had about 220 hours of negative electricity prices in the first half of 2026 as renewable generation expands. AdriaFlex is seeking partners for a 170 MW standalone battery portfolio, while wpd plans to pair a repowered wind farm with storage.
Albania is preparing a 300 MW solar auction that will require battery storage, with the EBRD assisting on tender design and procurement. The tender would combine solar generation and storage as an integrated system as the country seeks to reduce its dependence on hydropower.
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The Croatian Employers' Association has asked the government to create a national electricity-cost support programme for energy-intensive manufacturers under the EU's Clean Industrial Deal State Aid Framework. It also wants rapid implementation of a separate €60 million European Commission-approved scheme for eligible indirect emissions-trading costs.
The implementation of the Carbon Border Adjustment Mechanism (CBAM) is significantly influencing the electricity procurement landscape in Serbia, pushing the industrial sector towards renewable...
In 2025, Serbia's mining sector emerged as a crucial component of the nation's industrial landscape, maintaining production levels that surpassed the previous year's averages...
The electricity markets in the Western Balkans are undergoing significant transformations, reflecting a shift from traditional models where industrial consumers were seen merely as...
The landscape of mining-related steel fabrication is undergoing a significant transformation, with Serbia emerging as a key player in this sector. As mining operators,...
As Europe approaches a critical phase of industrial transformation from 2026 to 2030, the focus is shifting towards a comprehensive materials strategy that underpins...
BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.
Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.
Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.
European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.
Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.