Russian diamond company Alrosa posts 28% profit fall
The average price of its gem-quality diamonds fell by 9% in 2017, it said, citing "changes in the product mix".
Latest Stories
How Congo faced down some of the world’s biggest mining firms
The changes to the mining code in Congo, which supplies some 60 percent of the world's cobalt, could have repercussions for consumers around the world.
Big miners arrive in the DRC to go over new mining code
The companies have just resigned from the Congolese Chamber of Commerce.
Canadian miner could reopen centenary Idaho mine
Toronto-based Bunker Hill Mining Co. would consider reopening its namesake mine on a limited basis by the end of the year.
Chile’s Escondida invites union to early labor talks
Last year, a more than month-long strike at Escondida ended with workers opting to extend their previous contract through July 31 of this year instead of replacing it.
Pinochet’s son mining permit application causes controversy in Chile
The Mayor of the city of Quilpué rejected the proposal.
Cobalt to be declared a strategic mineral in Congo
Royalties paid to the government from cobalt and coltan mining will jump to 10 per cent from 2 per cent.
Glencore signs massive cobalt sale deal with China’s GEM
The world’s biggest producer of cobalt has agreed to sell around a third of its cobalt production over the next three years to the Chinese battery recycler.
Canadian miner allowed to extract and export Chilean lithium
The company now has an extraction quota of 88,885 metric tonnes of metallic lithium.
