Russia’s Alrosa sees rosy prospects from colourful diamonds

Swiss authorities to determine whether the firm knew the gold it handled in 2004 and 2005 came from a militia group in eastern Congo.

New report predicts Australian mining sector growth to fall sharply through 2017 and pressure of weakening mineral prices will spark industry consolidation.

Rule’s words echo several recent reports that paint a grim outlook for juniors everywhere.

"As long as we still have prohibitive policies, then the prospects of the bond will not be so good."

The firm could become one of very few pure listed diamond miners.

It would extend the life of the mine by 10 to 20 years.

The mining giant is selling its 50.1% stake in Clermont coal mine to a company jointly owned by Glencore Xstrata and Sumitomo Corporation.

The country is also known for its significant gold and oil reserves.

Company released results of independent analysis conducted over the past 22 months at its Liqhobong mine in Lesotho.