Anglo’s sale of De Beers hindered by diamond market state
Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn.
Three miners were killed in an explosion at the Gaisky ore mining and processing plant in Russia’s Orenburg region, Russian news agencies quoted the regional prosecutor’s office as saying on Saturday.
The office also said that the remaining 88 people were evacuated.
The Gaisky copper and zinc mine and mill complex, one of Russia’s largest copper mines, is owned by the Ural Mining and Metallurgical Company holding. It is located at the far southern tip of the Ural mountains near Russia’s border with Kazakhstan.
(By Lidia Kelly; Editing by Kim Coghill)
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