Russia slashes stake in top diamond miner Alrosa, set it for $1.6-bn float
Alrosa’s shares took off on the news, adding as much as 9% Wednesday, the highest level since December 2011.
Cecilia Jamasmie , Editor-in-Chief
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Newmont eyeing Glencore Xstrata’s mine in Peru
Although not official, CEO Gary Goldberg did say last week he was open to new deals and adding more copper production.
Huge cluster of jellyfish shuts down nuclear reactor in Sweden
Operator said Tuesday it is ready to restart nuclear plant.
Swedish funds sell out stakes on Potash Corp., Incitec Pivot over ‘ethical’ concerns
For buying phosphate from sources they qualified as off-limits.
Gold hits 8-week low over U.S. shutdown
It dropped below $1,300 per ounce.
Canada’s Cameco scorns report alleging uranium contamination
Claims come as the Canadian Nuclear Safety Commission begins hearings into Cameco's application to renew its uranium mining licences.
Aussie magnate Rinehart giving up trustee role to end children’s suit
John Hancock and Bianca Rinehart sued their mother in September 2011, attempting to remove her as head of the Hope Margaret Hancock Trust.
Chinese miners face off over Glencore Xstrata’s vast copper mine in Peru
If any of the two bids is successful, Las Bambas will be China’s largest acquisition of an overseas copper asset.
39% of Canada’s mining executives will retire within 5 years
And only 22% of companies have any sort of succession plan in place.
Former Xstrata CEO Davis gets a $1bn injection for new venture
The venture, named X2 Resources, seems to be a clear effort to replicate Davis’s success at Xstrata.
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.
