Congolese-American businessman and convicted fraudster Charles Brown claims he's owed $1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly sold in two fraudulent transactions, in 2007 and 2012.
Europe Mining News
Moscow company's update on Sukhoi Log project envisages annual production of 1.6 million ounces for 35 years at less than $500 per ounce.
ScotiaMocatta is curtailing lending to the physical metals supply chain and would refocus on major corporate clients.
The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .
"Polar Index" became the first specialized rating of companies whose geography of activities affects the Arctic zone of Russia. The results of the first rating were presented in the Public Chamber of the Russian Federation on World Environment Day held on June 5.
Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.
Net inflows into gold-backed exchange traded funds rose again in May, lifting value of private bullion to $103 billion, highest since 2013.
Company is seeking $4.4 billion in compensation for alleged losses related to its Rosia Montana gold and silver project, which Bucharest halted following relentless protests.
President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue.
Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers.
The company is planning to sell new shares worth about 100-125 million euros ($117-$147 mln) in a deal valuing it at about 400-500 million euros.
The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit.
Aluminium in particular shows why tariffs are such a poor trade weapon.
Trump's tariffs on Washington's closest allies also drew condemnation at home from Republican lawmakers and the country's main business lobbying group.
99 bottles of beer on the wall...
The US on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the EU, reigniting fears of a global trade war.
It’s rumoured that Sapar Isakov's charges may put a pact ending long-dragged disputes between the Asian country and the Canadian miner in jeopardy.
The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.
The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.
Polyus gold, Russia's largest producer of the metal, reported first-quarter net profit down 51 percent at $244 million, hit by reduced foreign exchange gains and other non-cash items.
The white octahedron of "top clarity" is the largest gem quality diamond and fourth largest stone ever recovered at the company's Gahcho Kué mine, located in Canada’s Northwest Territories.
Britain’s Royal Bank of Scotland said it had tightened restrictions on project finance and general lending for high-carbon energy projects and companies.
The London-listed firm is near the end of a quest to bring on technology to boost profits from the treatment of refractory gold ore.
After vowing for over a century it would never sell stones made in laboratories, De Beers will start doing so in September.
Large scale speculators in platinum futures go shortest ever as Europe industrial policy chief says "diesel cars are finished".