Petra Diamonds says it urgently needs to raise $178m to cut debt
Petra has been hit by production delays, strikes, a confiscated consignment of diamonds and a strong South African rand.
Latest Stories
Mergers and acquisitions in Canada stage exceptional comeback in Q1
However, the Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 8% in the three months to March 2018.
Polyus expects 2018 gold output at top of forecast range
Polyus, Russia's largest gold producer, said 2018 production was likely to be at the upper end of its forecast range of 2.375-2.425 million troy ounces.
Chile’s SQM says will boost lithium capacity by 2021
Chilean miner SQM said on Thursday that it would invest $525 million to boost its lithium production capacity in Chile through 2021.
Russian diamond producer Alrosa says H1 sales to exceed initial expectations
Alrosa's 2018 production is expected at 36.6 million carats but its sales will be higher than its production - at about 40 million carats.
Sibanye-Stillwater accuses union of following ‘agenda’ to harm reputation
The Association of Mineworkers and Construction Union (AMCU) said the company failed to take precautions two avoid injuries at its mines earlier this week.
CanAlaska Uranium, Cameco make headway at West McArthur project
Work at the project, located immediately next to Cameco's Fox Lake uranium discovery, has been focused on evaluating the C10 corridor, which is highlighted by the NE-striking conductivity high in the southern part of the property.
World’s No. 1 diamond jewellery retailer joins De Beers tracking pilot
Signet Jewelers is the first diamond ornaments maker to join De Beers-led blockchain pilot program, Tracr.
Fireweed files a PEA with a pre-tax IRR of 32%
The pre-production capital expenditure is $404M, which includes $105 million of capital cost required to upgrade the government-owned North Canol Road.
