Alrosa sold diamonds worth $504.5m in January

MINEX FORUM | February 13, 2018
img0  Russia’s Alrosa said on Monday it had sold rough and polished diamonds worth $504.5-million in January. Rough diamond sales had amounted to $499-million and polished diamond sales to $5.5-million, it said in a statement. “Earlier this year, we have seen good demand for the whole assortment of our diamond products,” said deputy CEO Yury Okoemov. “It was supported by positive trends ...

Amur enters into $10m convertible loan for Russia mine

MINEX FORUM | February 13, 2018
img0 Base metals company Amur Minerals has entered into a convertible loan with Cuart Investments and YA II PN to progress development of the Kun-Manie nickel/coppersulphide project in Russian Far East. The investors, which were arranged by RiverFort Global Capital, will lend the company up to $10-million cash in three separate advances, the first $4-million of which will be drawn down this week. Each advance is ...