World's fifth largest gold miner reports decline in production, $83m net loss and a rise in costs but $1 billion in cash will please investors.
The company has officially shifted operations at its flagship Udachnaya mine from open-pit to underground mining.
The frozen payment corresponds to what the Kyrgyz Republic was told by an international arbitration court to give Stans for revoking its rare earth mining licenses in the country.
Today’s data visualization is the most simple breakdown of the world economy that we’ve seen.
The Russian company, hit by a sustained slowdown in the diamond market, said its rough diamond have declined by 6% in the first six months of the year.
Canadian mine takes top honours but Russia and USA dominate the rankings.
The agreement ends decades of economic sanctions against Iran, and includes reductions in centrifuges, international inspections.
Russia’s top exporter of primary stage nuclear material has completed a pilot shipment to Germany and Sweden via its northern Ust-Luga seaport.
The Shanghai Cooperation Organization (SCO) concluded a two-day meeting July 10 in Ufa, Russia, just two days after the BRICS (Brazil, Russia, India, China and South Africa) summit in the same city.
Data showing South African production up 88% in May from a year ago pushes platinum to levels last seen in 2008 while palladium falls to 2-and-a-half year low.
Potashcorp shares jump after making unsolicited bid for Europe's largest potash producer amid fundamental shifts in the industry.
Russia, China and the U.S. are in a battle for currency dominance and natural resource stocks have been buffeted as a result.
The world's largest potash miner is said to be mulling a merger with Uralchem, one of its main shareholders.
It saw its rough diamond prices decrease by 3% in February and a further 3% at its May trading session, but the mienr expects market conditions to improve by the end of the year.
Just to up gold as a share of forex reserves to 5% – compared to 70% in developed economies – central banks in emerging markets need to buy 8,000 tonnes.
At its centre will be a shift of emphasis away from trade with the advanced nations, whose prospects are bound to subside towards their level of economic growth.
In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare.
The Canadian rare earths junior is appealing a Moscow court decision of Moscow City Arbitrazh Court of not allowing it to obtain a sum related to the loss of its Kutessay II mine.
Gems founds in fragments of the Almahata Sitta meteorite were formed in an unknown planet that existed when our solar system was just forming, researchers say.
On Thursday the stock lost over 7%, closing at 18.30 pounds, after having skyrocketed almost 120% from May 22 to May 26.
According to the company, the gem is estimated is worth more than $600,000 if put on auction.
As mining companies reinforce their push to minimise costs, original equipment manufacturers (OEMs) are at risk of losing market share if their product quality, after sales services and inventories, is not improved.
Seven out of Nordgold’s nine mines achieved a year-on-year production increase, with double digit growth at Bissa, Lefa, Berezitovy and Neryungri.
New report highlights falling mine supply outside of Southern Africa and increased jewelry demand from China.
Poland's defense of coal, which has been a measure of energy independence from Russia, might actually be an asset to the Kremlin's influence.
The main reason for price correction may not be the growing demand but the producers’ inability to meet the consumers’ price expectations.
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