Kazakh miner ERG revives sale of Congo copper mine – sources

MINEX FORUM | March 7, 2018
img0 Debt-laden Kazakh miner Eurasian Resources Group (ERG) has revived efforts to sell its Frontier coppermine in the Democratic Republic of Congo (DRC) despite a drop in valuation to about $400-million, two banking sources said. The company, which is working with VTB Capital and Rothschild to spin off and eventually list some of its assets, had already tried to sell its international operations in 2014 but failed ...

Trans-Siberian appoints new MD for operating subsidiary

MINEX FORUM | March 7, 2018
img0 Gold miner Trans-Siberian has appointed a new MD for its operating subsidiary ZAO Trevozhnoye Zarevo with immediate effect. Konstantin Kornienko will succeed Mikhail Nikitin, who led the construction and commissioning of the Asacha gold mine and its production operations thereafter. Kornienko has more than 15 years of experience working at gold-processing plants, of which a decade has been in managerial positions. His previous experience includes building and operating gold-processing plants ...

Alrosa ups February sales, reports on exploration developments

MINEX FORUM | March 7, 2018
img0 Russian diamond major Alrosa on Wednesday announced its latest diamond sales results and also reported on geological prospecting developments, including the reorganisation of its exploration unit. The company, which produces the world’s most diamonds in terms of volume, said that it had sold $541.9-million worth of rough and polished diamonds in February. This compares with $504.5-million in January. Rough diamond sales by value ...