ALROSA expected to sell stake in Catoca by end of June - Finance Ministry

A representative of the Russian Finance Ministry said that diamond mining company ALROSA may sell its stake in the Angolan diamond project Catoca before the annual general meeting of shareholders (AGM) of the latter, set to take place on June...

Yesterday

Rosneft gets rights to develop large REM deposit in Russia

Rosneft Corporation became the sole owner of the rich Tomtor rare earth metal (REM) deposit in Yakutia.

Yesterday

Southern Palladium gets environmental approval for Bengwenyama PGMs project

South Africa’s Department of Mineral and Petroleum Resources (DMPR) has granted environmental authorisation (EA) for a mining right and related infrastructural activities to Southern Palladium’s 70% subsidiary, Miracle Upon Miracle...

Yesterday

Pensana breaks ground on Longonjo rare earths project as construction begins in Angola

Pensana has commenced construction activities at its Longonjo rare earths project in Angola, following a $25-million investment from the Fundo Soberano de Angola (FSDEA), the country’s sovereign wealth fund.

Yesterday

Emirates company to build $4 billion aluminum smelter in U.S.

Emirates Global Aluminium (EGA) plans to begin construction of a $4 billion aluminium plant in the United States next year.

Yesterday

Diamond Industry Gears Up for Tighter Controls

16 february 2024

By Avi Krawitz

(rapaport.com) - The diamond industry is bracing for significant change in 2024. New sanctions on Russia will fast-track the adoption of traceability programs across the supply chain. Should they wish to sell those diamonds into the Group of Seven (G7) countries, companies will have to prove their goods were sourced from non-Russian production.