Japan’s biggest trading house is selling its 31.4% stake in Clermont coal mine to a 50-50 joint venture between Glencore and Sumitomo Corp, and its 10% stake in Ulan coal mine to Glencore.
According to Bain & Co., diamond miners and retailers will face an Increasing influence of digital technologies, growing presence of lab-grown stones and shifting preferences of younger generations of consumers.
The Canadian junior miner is taking advantage of a window of opportunity presented by a local drill company to complete two holes prior to the Christmas break.
The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner unchanged.
The company plans to move forward with the plan only once the feasibility study at its Zinnwald project is completed, in the second quarter of next year.
