Alrosa buys stake in Angola’s largest diamond deposit

MINEX Forum | January 12, 2018
img0 Russian miner Alrosa (MCX:ALRS), the world’s top diamond producer by output, received Friday approval from Angolan President Joao Lourenço to expand its stake in local producer Catoca. The deal, worth $70 million, gives Alrosa a further 8.2% stake in Catoca Mining, providing the diamond giant with access to a production base outside Russia. Deal gives ...

China’s Huawei to implement Smart City project in Kyrgyzstan

MINEX Forum | January 12, 2018
img0 On January 11 in Bishkek, the government of Kyrgyzstan and China’s Huawei Technologies Co., Ltd signed an investment agreement for implementation of the Smart City project aimed at strengthening security in the country, including a decrease in the number of road traffic accidents and response to terrorist and criminal threats, the government’s press service said. ...

Who owns Armenia’s mines?

MINEX Forum | January 12, 2018
img0 Mining is one of the most important sectors of the Armenian economy; it has the largest share of exports constituting more than half the total value. On 9 March 2017, Armenia became a candidate country for the Extractive Industries Transparency Initiative (EITI). Candidacy means the country must undertake a series of reforms within a set timeframe to comply with ...

Medgold Identifies new Gold targets in Southern Serbia

MINEX Forum | January 12, 2018
img0 Vancouver, Canada, January 11, 2018, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is  pleased to announce results from ridge-and-spur soil sampling near Medgold’s Tlamino gold project in southern Serbia HIGHLIGHTS: Two large gold targets identified for follow up work, The targets measure 3 km by 1 km and 2 km by 1.5 km and ...

Chinese Gold Mining company fired 370 Kyrgyz workers

MINEX Forum | January 12, 2018
img0 Full Gold Mining fired 370 Kyrgyz workers after they refused new contracts that included a 30 percent salary cut. Chinese mining company fired 370 miners in southern Kyrgyzstan after their contracts expired. The miners, who worked at the Ishtamberdi mines in the Jalal-Abad region, reportedly had refused to accept amendments to their employment contracts which would have ...