Analysts see the long-awaited deal to sell potash to Chinese buyers as good news for the beleaguered sector, even though the agreed price is dramatically lower than last year’s.
Russia Mining News
It measures 42.11 by 34.26 by 16.07 mm, and is translucent with a grey hue.
The sum obtained after selling 10.9% of the state-controlled diamond producer will be used to cut budget deficit, the government said.
The new investment fund would focus on financing gold mining projects in eastern Russia.
BHP has been developing its own Canadian potash mine — the Jansen project — in Potash Corp's backyard, and has already invested about $3.8 billion on it.
Diamond giant will save Russian state millions each year when it takes over security duties at remote mines.
PJSC ALROSA, the world leader in diamond mining, has announced that it was authorized to establish a departmental security service to protect the Company's production facilities.
It is an open secret that the global electric power industry of which the coal industry forms a part is experiencing a system-wide reduction in both volumes and prices of energy resources.
Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.
The rock was found at its Nyurbinsky open-pit mine, in operations since 2001.
PJSC ALROSA, the world leader in diamond mining, has announced that new motor vehicles were accepted into service in the run-up to the development of Verkhne-Munskoe deposit.
ALROSA, the world leader in diamond mining, will send over 2.5 thousand children of the Company's employees on vacation to Russia's health resorts during the summer holidays.
The Russian government aims to make more than 60 billion roubles ($909 million) from selling a 10.9 percent stake in Alrosa, with the sale taking place on the Moscow Exchange this year.
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The World Diamond Council brings together representatives of the entire international diamond industry supply chain, from mining through retail.
The miner, along with fellow Russian firms Rosneft, VTB Bank and Bashneft are among the most likely candidates for privatization this year.
The Denver-based potash miner is placing its West facility in New Mexico in "care and maintenance” beginning July.
Mining's marquee names have had their credit investment ratings slashed or reduced to junk. This diamond company is defying the downturn.
Canada's biggest bank is suing former client Crew Gold over a fee the lender claims it should have been paid by the mining company.
Moody's upgrades Alrosa credit, praising Russian firm's low-cost reserve base, technical mining expertise, solid liquidity and conservative financial policy.
Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.
Analysts, companies expect prices to stay below 2015 levels for at least the next two years.
Analysts outline five key themes resources companies in Europe will have to deal with in the next few months.
Not only Canadians, but also producers from Russia and Belarus have yet to sign 2016 contracts with Chinese importers.
The Russian firm, which together with De Beers controls almost two-thirds of the diamond market, is being prepped for privatization.