The proposed joint venture aims to develop the Kluchevskoye gold deposit into a significant open pit mine and heap leach operation with an expected production rate of 12 million tonnes of ore per year and gold doré production of over 6.5 tonnes per annum.
Russia Mining News
After a difficult first half, Nord Gold's now set up for over 1.2moz per year after start-up at Bouly mine in West Africa and major Russian development.
Rough-diamond prices fell 18% in 2015 and some miners, such as Alrosa, believe synthetic gems were partly responsible for it.
The Russian miner, the world's top diamond producer by output, said it has become imperative for the industry to find effective ways to defend the market from illegal substitutions by synthetic gems.
Study predicts fifth year of growing deficits and halving of above ground stocks as strikes in top producer South Africa loom.
River near the eponymous city of world's top nickel and palladium miner turns crimson.
Net profit for the period, however, increased substantially — up 61% from a year ago to 40.5 billion roubles ($625 million).
PJSC ALROSA, the world leader in diamond mining, will participate in the Second Eastern Economic Forum on September 2-3, 2016, as its official partner.
Scott Close of Eurasian Minerals sits down with Maurice Jackson of Proven and Probable to discuss the virtues of partnering and owning shares in one of the industry’s premier Prospect Generators.
Nichols, a senior economic advisor to precious metals asset firm Rosland Capital, is on board of the bull wagon — he expects the metal price to rise before Jan 1. 2017.
Cooperation agreements between the nations would guarantee India fresh supply of Russian coal, liquefied natural gas (LNG), diamonds and fertilizers.
The Responsible Jewellery Council is an international not-for-profit organization, which focuses on enhancing consumer confidence in the jewellery industry and promoting of responsible business practices.
Large scale futures speculators and PGM investors in physically-backed exchange traded funds are taking wildly different views of the outlook for the metals.
Currently unnamed, the stone is one of the largest diamonds ever recovered at the Nyurbinskaya open-pit mine.
Report shows higher ore prices have encouraged the likes of Iran, Russia and Mongolia to increase shipments to China at faster pace than dominant players.
The rush to buy gold continues as major economies add to reserves.
Second quarter revenues beat estimates and Toronto-based gold miner sticks to record output prediction for 2016.
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.
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.