jueves, 25 de enero de 2018

Alrosa buys stake in Angola's largest diamond deposit for $70 million

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Europe News Digest
Friday 26 January 2018
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Deal provides the diamond giant with access to a production base outside Russia.

The company beat expectations on Thursday with a 5% increase in 2017 production.

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.

Chile-focused miner also expects costs to rise on tailings dam expenditure.

Agreement includes Russia's state nuclear agency Rosatom commitment to build a nuclear power station in the South American country.

Miner aims at selling around 40 million carats of diamonds in 2018 provided market conditions are favourable.

Karelian Diamond Resources was granted a four-year exploration claim in the Kaavi region.

The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine.

A collapse at an abandoned gold mine in Uzbekistan has resulted in one death and roughly 20 trapped underground.

"The best is yet to come, but not just yet. Patience," Sharps Pixley's CEO says.

The Vancouver-based miner revealed that, including pre-commercial production from the Olympias project in Greece, its gold production was of 285,919 ounces in 2017.

Massive find is believed to be the fifth biggest gem-quality diamond ever found

Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.

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.

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.

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.

The rival companies have unearthed three diamonds larger than 100 carats each.

The London-based miner sold its 90% stake in the project to BCM International. The remaining 10% is held by the Ghanaian government.

Gold from Clogau St David's mine in North Wales is behind the wedding bands of the Queen Mother, the Queen, Princess Margaret, the Princess Royal and Diana, Princess of Wales.

The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two.

Copper producer Cradle Arc embarked on a new London listing on Wednesday to fund production in Botswana.

Gold is going digital.

French uranium mining group Areva closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows.

Recognizing the vital role that copper will play in a sustainable future, Nexans is joining forces with Codelco.

The key question is whether the bearish trend in the greenback will continue or we will see a trend reversal.

The parties have agreed not to release the transaction price.

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