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Vladislav Zhdanov appointed as Alrosa Vice President

Vladislav Zhdanov was appointed as Vice President of ALROSA, starting from 17 November. The competence of Vladislav Zhdanov will lie in economic security of the Company, he will also be in charge of internal audit and monitoring, risk management....

Saudis planning for a war of attrition in Europe with Russia’s oil industry

Russia's central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has...

Helena Marjaranta appointed Vice President, Global Communications at Metso Corporation

Helena Marjaranta, (FM) has been appointed Vice President, Global Communications at Metso as of December 1, 2015. She will be based in Helsinki. Helena's responsibility area covers external and internal communications. She reports to Urs Pennanen, Senior Vice President,...

Lonmin investors approve key $407m rights issue

Lonmin (LON:LMI) shareholders decided Thursday to approve a deeply-discounted $407 million share issue, as the struggling platinum miner seeks cash to stay afloat. Hurting from strikes, rising costs and weak platinum prices, the South African company said last month...

Weir, Xylem and Kirloskar ranked world’s leading pump manufacturers

A recent survey by Timetric's Mining Intelligence Center (MIC) asked over 630 mine managers and senior decision-makers across more than 500 mines globally, to nominate the leading manufacturers (in first and second place) for different types of mining equipment,...

Even iron ore lump prices are being crushed

The price of iron ore fell to within shouting distance of all-time lows on Thursday with even high-quality lump producers caught up in the bearishness. On Thursday the benchmark 62% Fe import price including freight and insurance at the...

These two record-breaking diamonds were bought for $77 million, by the same person

These two record-breaking diamonds were bought for $77 million, by the same person, The Blue Moon, sold for $48.5 million, is now known as "The Blue Moon of Josephine.” Hong Kong billionaire Joseph Lau forked out $77 million at two...

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