PJSC ALROSA, the world leader in diamond mining, will participate in the development of a new diamond deposit in Angola.
Russia Mining News
In spite of a blockade on shipments of anthracite coal from occupied Donbas to Ukrainian thermal power plants (TPPs) since this past winter, the country has thus far avoided blackouts.
Here are the top 10 diamond mines in terms of output in carats and value.
The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.
Two gold miners are dead and one is in critical condition after an underground gold mine near the Siberian city of Chelyabinsk partially collapsed.
The new plant, to be based at the Karabil potash deposit, is estimated to be worth about $1.4 billion.
The company is also said to be mulling a number of investment projects involving a Chinese chemical company.
Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.
Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016. Russia's exploration activities, suffered a double blow during this period.
Alrosa, the world’s largest diamond miner by output in carats, has held an auction to sell industrial grade and gem quality natural rough diamonds in the Eurasian Diamond Centre.
Tom Beck, editor of Portfolio Wealth Global, says if he's learned one thing in the markets, it is that Jim Rogers never misses a big long-term investment thesis, and that Rogers has basically told investors to "forget China, buy Russia."
The Russian miner said profit attributable to shareholders totalled $2.25 billion (131.39bn roubles) last year, versus $530K (30.67bn) roubles in 2015.
The 10 largest gold mining companies produce 30% of the world's gold and enjoy some of the sector's fattest margins.
Strong ETF inflows, rising autocatalyst demand despite Volkswagen emission scandal combined with falling mine supply to boost platinum price says new study.
The top 10 ranking of the lowest all-in cost gold mines in the world – former US president Herbert Hoover was once in charge of no. 8 on the list.
The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.
The decision means the $210 million arbitration against the Kyrgyz Republic will advance to the merits stage, the Canadian junior said.
Eager Chinese and Russian buyers are requesting replicas of the the sapphire and diamond engagement ring.
One of Russia's largest mining companies has dropped a stash of roubles on copper concentrate that dates back to the Cold War.
The company's total diamond sales last month amounted to $255.2 million, 63% higher than in November last year.
Rough gems sales totalled $430.8 million in October, slightly less than the $435 million fetched in September.
Latest data show Russia continuing to stock its gold vaults, although Venezuela's sales are denting overall official sector net purchases in 2016.
The Toronto-based gold producer revealed that its net earnings were $2.5 million, or zero a share, in the three months through September.
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.
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.