Middle East
Gold-buying spree makes of Russia the world’s largest consumer and data from International Monetary Fund (IMF), canada
Russia’s central bank is now the world’s top gold buyer after adding 356,000 ounces of the precious metals to its reserves in February, data from the International Monetary Fund (IMF) quoted by local paper Vedomosti (in Russian) shows....
Africa
Australia to feed Ukraine nuclear power plants – Washington DC, US
The contract, said Australia's Foreign Minister Julie Bishop in a statement, will be signed before the Nuclear Security Summit, to be held from March 30 to April 2 in Washington DC, US. But experts question the safety of...
Africa
Diamond dedicated to mothers of Russia – “ALROSA”
Following the meeting of ALROSA's special commission, the Company President Andrey Zharkov signed an order to give to the fact of a gem-quality diamond extraction the name Mothers of Russia. ALROSA recovered a 83.59-carat diamond on February 13,...
Africa
Kinross is going ahead with expansion of its Tasiast gold mine in Mauritania
Kinross Gold (TSX: K)(NYSE: KGC) announced Wednesday it has decided to proceed with the first stage of an expansion of its troubled Tasiast gold mine in Mauritania, which will dramatically increase production and slash costs at project. The...
Asia Pacific
Kingsgate sells stake in silver project
Kingsgate Consolidated has executed a Share Purchase Agreement (SPA) to sell an effective 85% strategic interest in the Bowdens Silver Project near Mudgee in Central NSW, to Silver Investment Holdings Australia Limited (SIHA). On completion of the acquisition,...
Latin America
Gold plant arrives at PNG mine site
Crater Gold Mining’s upgraded gold mining plant has been transported to the HGZ Gold Mine project site in Papua New Guinea's Eastern Highlands Province with commissioning to commence immediately. The upgraded gold mining plant includes two new hammer...
Asia Pacific
Adani edges closer to mega coal mine & Adani is another step closer to being granted
Adani is another step closer to being granted a lease for its $16.5 billion Carmichael coal mine in Queensland’s Galilee basin after reaching a compensation agreement with the last remaining landholder at the proposed site. However, Queensland’s State...
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