Alrosa buys stake in Angola’s largest diamond deposit for $70 million
Deal provides the diamond giant with access to a production base outside Russia.
Cecilia Jamasmie , Editor-in-Chief
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Indonesia sets framework for Freeport to yield control of Grasberg mine
Indonesia state-owned holding Asahan Aluminum, or Inalum, would grab a 41.64% stake in the local unit of Freeport, which increases its current ownership in it to 51%.
First Majestic expands Mexico footprint with $320M Primero Mining acquisition
With the friendly takeover First Majestic gains Primero’s flagship asset, the San Dimas silver-gold mine, located in the state of Durango.
Mali mine takes B2Gold 2017 output to record high
This is the ninth consecutive year the Canadian miner achieves record annual gold production.
Rio Tinto pulls offer for stake in world’s largest lithium miner
Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.
Alrosa 2017 sales fall to $4.3bn on lower average price for rough diamonds
Russian miner said the price decline for rough diamonds was due to the changed sales assortment resulting from an increased demand for small-sized rough rocks from India.
Electric cars market threatened by potential cobalt tax hike in Congo
The nation, responsible for about two thirds of global output, plans to increase tax on cobalt to 5% from 2%.
Giant Bougainville mine restart stalls on moratorium over fears of civil unrest
The Bougainville government has imposed an indefinite moratorium on mining at the controversial Panguna site — once the world's biggest open-pit copper mine.
Bacanora seeks expansion of German lithium project with newly acquired exploration licence
The Falkenhain deposit, in the German state of Saxony, is located about 5 km from another Bacanora asset in Germany — the 50%-owned Zinnwald lithium project.
Centamin jumps on better-than-expected gold output estimates
The Egypt-focused gold miner also expects solid growth this year. It’s targeting 580,000 ounces in production, up from an estimate of 550,000-560,000 ounces.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
