The company plans to appoint Hilde Merete Aasheim, who has been head of the company's Primary Metal unit since 2008, as its new CEO in May.
Europe Mining News
Alrosa will assess Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project.
The joint venture partners have awarded a $1.2-billion contract to extend the lifespan of their Jwaneng mine unit 2035.
Kyrgyz gold producer Chaarat and Turkish mining and mine construction contractor Çiftay want to collaborate on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.
Miner has hit back at a push to make it more accountable for carbon emissions produced by its customers, including Chinese steel makers.
Russian diamond giant says decision to restore underground mine will be made before 2024, but construction could take up to eight years.
High availability of copper and low availability of oxygen during the Neoproterozoic period gave scientists the first clues.
The parcel of land proposed by state officials in September 2018 was deemed unsuitable from a social and environmental standpoint.
The body, which looks into the way the Polish state operates and how it spends public funds, says the company has spent more than $5.2B in three years on the underperforming Sierra Gorda mine.
But global gold-backed ETF flows remain positive on the year ($1.7 billion) on the back of strong inflows in January.
Roman Abramovich's company sold $551 million worth of shares earlier this month.
The proposed ban would last from May 1 to Oct. 31 this year.
Intergeo, a part of Onexim Group, is developing Russia's second largest nickel deposit and one of Russia's top-5 copper reserves.
PPC wants to conclude the sale by May and has been in touch with investors from the United States, Russia and China.
The shares, accounting for a 1.7% stake in the world's largest palladium producer, were bought predominantly by British-based investors, with Russian investors also buying a third of the shares.
Roman Abramovich’s sale of a stake in Russia’s biggest mining company shows investor appetite for the country’s assets is returning.
The company cited uncertainty about the global diamond industry as one of the main reasons for choosing not to pay a divvy.
The deal raises Polyus' stake in Sukhoi Log, one of the largest untapped gold deposits in the world, to 63.4%.
The Woodsmith mine will be one of the world’s largest in terms of the amount of resources extracted — It's set to generate an initial 10 million tonnes per year of polyhalite, a form of potash used in plant fertilizers.
The steel and alumina contracts have the best chance of succeeding, according to analysts, traders and other industry sources.
Polymetal increased its ore reserves by 15 percent last year to 24 million ounces of gold equivalent.
The Manchester-based company had agreed to acquire Neo for $612 million in cash and stock.
The market terms of the deal were not disclosed.
The hit comes just days after the miner's investors were handed a $4 billion special dividend.
Ivan Glasenberg will no longer be a member of the board of Russian oil major Rosneft.