Middle East
India mulls key investment to set iron ore plants in Iran
India mulls key investment to set iron ore plants in IranSarcheshmeh copper complex, operated by the National Iranian Copper Industries. (Image courtesy of NICICO) State-owned Indian firm KIOCL may invest an initial $59 million to build an iron ore...
Middle East
Centerra can go ahead with new gold mine in Mongolia
Canadian miner Centerra Gold (TSX:CG) can finally proceed with plans for developing its 1.6-million ounce Gatsuurt gold deposit near its Boroo Mine, Mongolia's parliament ruled Thursday. The decision, which comes after five years of negotiations, grants Centerra a 66%...
Africa
Alecto Minerals strikes JV deal with Randgold for Mali project
Shares in Alecto Minerals (LON:ALO) soared Monday after it announced it had struck a joint venture deal with Randgold Resources (LON:RRS) over the former's Kossanto West Gold Project in Western Mali. Once deal is completed, Randgold would fund all...
Africa
Randgold raises dividend despite profit slump
Africa-focused gold producer Randgold Resources (LON:RSS) said Monday its full-year profit from mining dropped by 11%, hit by a continued weakness in the prices metal, which lost about 10% of its value in 2015 for a third straight annual...
News
Leakage at Anglo American’s Los Bronces mine forces firm to halt grinding
Grinding at Anglo American’s (LON:AAL) Los Bronces copper mine in Chile has been halted after the firm detected a leak in a pipe carrying ground ore mixed with water on Sunday evening. According to local newspaper La Tercera (in...
Middle East
ALROSA President pays a working visit to India
ALROSA's management, headed by the President Andrey Zharkov, paid a working visit to Mumbai and Surat (India). The Company representatives visited the Special Notified Zone (SNZ) that was opened last year at Bharat Diamond Bourse.The decision to set up...
Middle East
This is the 122-carat diamond Alrosa just found at its Jubilee pipe
It is worth about $1.5 million. Alrosa, the world's top diamond producer by output in carats, has found another massive precious rock at its Jubilee kimberlite pipe, in Yakutia, northeast Russia. The 121.96-carat diamond was extracted by the company’s...
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