DIAMONDS
ALROSAs April sales of rough and polished diamonds reached almost $319 million
ALROSA, the world’s largest diamond miner, announces diamond sales for April and four months of 2019.
April sales of rough and polished diamonds reached $318.7 million. Rough diamond sales amounted to $315.8 million, while those for polished diamonds stood at...
Aluminium
Record quarterly production of copper and the highest EBITDA
142 thousand tonnes of payable copper were produced by KGHM Polska Mied S.A. in the first quarter. This is the best quarterly result in the last 3 years, while production increased by 28 percent as compared to the first...
COPPER
Peabody Proceeding With Reventilation Of First Segment Of North Goonyella Mine
Peabody announced it is proceeding with the ventilation of the first segment of the North Goonyella Mine in consultation with the Queensland Mine Inspectorate as part of a comprehensive phased reventilation and re-entry plan and expected longwall production in...
GOLD
Proposed Billion Dollar Investment in Pueblo Viejo Will Boost its Contribution to Economy
The proposed expansion of Pueblo Viejo, already one of the world’s Tier One1 gold mines, includes an expansion of the mine’s processing plant and tailings capacity with an estimated initial capital investment of more than a billion dollars (100%...
DIAMONDS
Freeport McMoRan Announces Agreement to Sell Portion of Cobalt Business
Freeport-McMoRan announced an agreement to sell its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total consideration of approximately $150 million, plus working capital at the time of close.
Under the terms of the...
DIAMONDS
De Beers approves custom-built diamond recovery vessel for Namibia
Anglo American plc announces the approval by Debmarine Namibia, a 50:50 joint venture between De Beers Group and the Government of the Republic of Namibia, of the construction of a new custom-built diamond recovery vessel.
At an expected total capital...
IRON ORE AND MANGANESE
Vale to invest 11 billion reais in dry iron ore processing over the next five years
Vale has invested nearly R$ 66 billion * (US$ 17.5 billion) installing and expanding the use of dry processing, using natural moisture, in iron ore production in its operations in Brazil over the last 10 years. By not using...
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