by John Jeffay | Jun 20, 2023 | Analysis, Opinion, & Forecasting
Alrosa has confirmed it will build a new mine at Mir, where eight miners died during catastrophic flooding in August 2017. Russia’s state-controlled miner says it has identified reserves of almost 38m carats at the mine. It will spend up to $1.5bn (RUB126bn) on...
by John Jeffay | Jun 19, 2023 | Analysis, Opinion, & Forecasting
Alrosa could diversify into other mineral markets as it faces increasing pressure on its rough diamond sales, says the company’s new CEO. Pavel Marinychev told the Almazny Krai TV channel he was also seeking to establish new sales channels to secure long-term growth....
by Erez Jacob Rivlin | Jun 17, 2023 | Analysis, Opinion, & Forecasting
Burgundy Diamond Mines is expected to complete the $136m purchase of the Ekati mine, in Canada, by the end of this month and says it will advance plans for first-of-its-kind underwater crawler. The Australia-based end-to-end diamond company expects to “significantly”...
by Erez Jacob Rivlin | Jun 16, 2023 | Analysis, Opinion, & Forecasting
When Botswana’s President demands a larger share of the profits, Anglo American’s management should consider issuing a profit warning. “If we don’t reach a win-win situation, each side will have to pack up and go home,” President Masisi...
