Alrosa: The diamond jewel in Russia’s crown

“Jewel in the crown” is a well-worn and frequently misused term, but in the case of…

Mining giants in $4.4bn platinum JV

Russia is on track to overtake South Africa as the world’s largest platinum producer after its two …

$1.5bn Tajik aluminium plant deal highlights China’s growing influence in Central Asia

A Chinese company has agreed to invest $1.8bn in the construction of a new aluminium plant…

Soaring gold prices tempt Polyus back to market

Encouraged by an 11% rise in global gold prices this year and by a separate $887m…

Fosun turns to Russian gold with Polyus stake

A consortium of investors led by Chinese conglomerate Fosun International is set to buy a 10%…

China confirms $22bn gold discovery

The Shandong Gold Group this week confirmed that it has discovered what is thought to be…

Anglo-Asian Mining discovers new Azeri gold reserves near Gabaday

The Anglo-Asian Mining company has announced that it has discovered new gold reserves near  its existing deposits of gold,…

CITIC gets ready to pump $10bn into Iranian mining sector

Iranian mining sector: China’s CITIC Group Corporation is getting ready to invest $10bn in Iran’s mining and…

Silk Road Fund eyes up Glencore’s Kazakh mine in Chinese gold rush

China’s state-backed  $40bn Silk Road Fund has teamed up with the  China National Gold Group Corporation to  explore…

Moscow puts Alrosa stake into play

The Russian government yesterday officially went ahead with its plans to sell a 10.9% stake in…

Moscow hoping to raise $889m from Alrosa privatisation – date set soon

Alrosa privatisation: The Russian government is hoping to raise $889m through the sale of a 10.9% stake…

Rio Tinto awards Jacobs Engineering $5.3bn Oyu Tolgoi mining contract

Rio Tinto has awarded Jacobs Engineering the main contract to build the $5.3bn Oyu Tolgoi underground…

101 Kazakh mineral deposits to be put up for auction

Kazakh mineral deposits: The Kazakh government is to hold an auction  over 100 mineral deposits in…

Polymetal buys Glencore’s Kazakh Komarovskoye Gold Deposit for $100m

Jersey- based precious metals mining company Polymetal has entered into a binding agreement with Glencore subsidiary…

Rouhani and Aliyev pave way for Caspian Sea cooperation

Caspian Sea cooperation: During a meeting with his Azeri counterpart Ilham Aliyev in Tehran yesterday, Iran’s President Rouhani…

China sets up team to explore Antarctic

China’s State Oceanic Administration (SOA) is to establish an air service team to explore the Antarctic…

Moscow sends out mixed messages about Russian privatisation programme

Russian privatisation programme: Two oil firms — Rosneft and Bashneft — and diamond producer Alrosa are among…

New Delhi to auction off 100 plots in bid to transform Indian mining sector

Indian mining sector: The Indian government has unveiled plans to transform the country’s mining sector by auctioning…

Over 1,000 Chinese coal mines face closure in bid to cut over capacity

More than 1,000 Chinese coal mines in Guizhou, Yunnan, Heilongjiang and Jiangxi provinces are to be…

First gold ingots poured at Pakrut project in Tajikistan

The first gold ingots have been poured at Tajikistan’s Pakrut mining complex, its owners the China…

Rio Tinto and Mongolia set to sign $6bn Oyu Tolgoi financing agreement

The Mongolian government and Rio Tinto will officially sign an agreement finalising terms for the financing…

Oyu Tolgoi copper mine expansion still on, Rio Tinto assures investors

Rio Tinto’s Turquoise Hill Resources subsidiary has reassured investors that it expects to finalise financing for the $6.8bn …

Italy’s Denali and Fata plan €4bn Iranian steel investment

Iranian Mines and Industries Development and Renovation Organization (IMIDRO) announced on Wednesday two Italian companies, Denali and Fata…

Norilsk Nickel raises $1bn through eurobond issue

Mining company Norilsk Nickel has raised $1bn in the first significant Russian eurobond issue  in almost 11…