Global Manganese Mining Market 2018 Key Players Consolidated Minerals, Vale, BHP Billiton, MOIL and ERAMET

MINEX Forum | February 22, 2018
img0 This new research report that entirely centers “Global Manganese Mining Market” is an exhaustive analysis of driving forces, driving risks, Manganese Mining business opportunities, threats and challenges involved in Manganese Mining market. It offers decisive specks of the Manganese Mining market such as major leading players, market size over the forecast period of six years, market ...

Botswana Diamonds Commences Exploration with ALROSA, Raises $700k from Share Placement

MINEX Forum | February 22, 2018
img0 Botswana Diamonds (BOD) has commenced its first half exploration program on the Sunland Minerals joint venture (JV) with Russian diamond miner ALROSA in the Southern Africa country. The program will focus on previously identified geophysical targets in the Central Kalahari Game Reserve with the aim of turning them into drill targets. It will use soil ...

Nornickel tycoons said to avoid shoot-out sale in share dispute

MINEX Forum | February 20, 2018
img0 Billionaires Oleg Deripaska and Vladimir Potanin’s working arrangement at MMC Norilsk Nickel is starting to fray, but the tycoons aren’t planning to trigger a so-called shoot out – a forced auction where the losing bidder must sell his stake to the winner, three people familiar with situation said. The 2012 agreement between Deripaska’s United Co. Rusaland Potanin’s Interros Holding Co. provides a mechanism ...

Novatek says wins auction for Alrosa’s gas assets

MINEX Forum | February 20, 2018
img0 Novatek, Russia’s largest non-State gas producer, said on Monday it had won an auction for Alrosa’s two gas assets with a bid of 30.3-billion roubles. Novatek has been actively buying upstream assets in an effort to boost sluggish natural gas output. Leonid Mikhelson, chairman of the management board, said the latest purchase would increase the company’s profitability. “They (the assets) will contribute to our gas and ...

Russia’s Prokhorov sells 6% stake in Rusal to Vekselberg

MINEX Forum | February 20, 2018
img0 Russian businessman Mikhail Prokhorov has agreed to sell a 6% stake in Russian aluminium giant Rusal to a consortium of investors led by billionaire Viktor Vekselberg and his partners, the consortium said on Monday. The sale will close a chapter at the world’s second largest aluminium producer. Prokhorov’s purchase of a stake in Rusal triggered a long-running battle for control of mininggiant Norilsk Nickel 10 years ago. The consortium said in ...

RCC presented a solution to the Korkinsky open-cut coal mine problem at RIF-2018

MINEX Forum | February 19, 2018
img0 The Russian Copper Company (RCC) came to the Russian Investment Forum in Sochi with its reclamation project for the Korkinsky open-cut coal mine in the Chelyabinsk Region. RCC suggests using tailings processed into backfill material at the Tominsky Mining and Processing Plant (Tomisky GOK). The problem needs urgent attention. Russia produces 5.5 billion tons of ...

Russian oligarch and Manafort patron Deripaska to step down from corporate positions

MINEX Forum | February 19, 2018
img0 Oligarch Oleg Deripaska will step down as president of the EN+ energy company and Rusal, the world’s second largest aluminium producer, Russian and international media reported on Monday. Mr Deripaska, whose 2008 meetings with Lord Mandelson and George Osborne on his yacht in Corfu caused controversy in the UK, owns controlling stakes in both companies. ...

Prices Strong at Alrosa Israel Sale

MINEX Forum | February 19, 2018
img0 Alrosa sold $13.7 million worth of special-size rough diamonds in Israel earlier this month, the miner said Friday. The company auctioned 105 diamonds larger than 10.8 carats, totaling 1,665 carats. The stones sold for far more than their initial asking prices, Yury Okoemov, deputy CEO of Alrosa, said. “More than 100 companies from different geographical trade ...

Polymetal Takes Up Opportunity For 50% Interest In Prognoz Silver Mine (ALLISS)

MINEX Forum | February 19, 2018
img0 Russian commodity firm Polymetal International PLC said Monday it has exercised its option to increase its stake in the Prognoz silver project to 50%. Polymetal, which currently holds 5% of Prognoz, with take the further 45% interest from Polar Acquisition Ltd. The remaining half is held by Russian private equity firm Garden Ring Capital. The ...