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De Beers Diamond Jewellers opens new store in Almaty, Kazakhstan

De Beers Diamond Jewellers, the ultimate destination for diamond jewellery, is delighted to announce the opening of its new store in Almaty, Kazakhstan. The De Beers store is located on Bogenbai Batyr, 125 in Almaty – the premier shopping location for luxury brands. The Almaty store will be operated by Premier Metro Group, whose core business is the retail and distribution of luxury goods including jewellery, watches, cars, high-end mobile phones as well as fine wines.

HudBay completes Peru acquisition to up copper output 145%

Copper-zinc miner HudBay Minerals said Wednesday it has acquired the roughly 2.5m shares in Norsemont Mining it did not already own, giving it 100% ownership. The acquisition is set to increase HudBay's copper output by about 145% when Norsemont's Constancia mine in Peru comes into full production. The news comes a day after the company announced it will spend $144m to build a new concentrator at its Lalor project in Manitoba, Canada.

Company designs rugged, affordable trucks for harsh conditions

Truck manufacturer and distributor Powerstar reports that the company has started tapping into the South African construction and mining markets with its low-cost durable trucks. Powerstar executive officer Frans Cloete says that many construction and mining operations in South Africa and in neighbouring countries are situated in remote and isolated areas where maintenance and manoeuvrability of trucks, as well as poor road infrastructure, are pressing issues.

Arab League injection earns Texas miner $107m windfall

After an initial 5% jump, shares in Arabian American Development Co was flat at midday on Wednesday on four times usual volumes following news of a $37m injection into the Texas-based company's Saudi mine by a fund controlled by the League of Arab States. Shareholders in the 44-year old Nasdaq-listed company saw the value of their investment rise a cool $107m as a result of the transaction. The gold, silver and copper mine in a Yemen border province is the only non-government mine in the Saudi kingdom and is scheduled to begin production early next year.

Zimbabwe could seize mines over local ownership

Reuters reports Zimbabwe could take over mines that fall short of laws requiring them to sell majority stakes to locals by September, a government minister said on Wednesday. Mineral-rich Zimbabwe has the world's second largest known platinum reserves after neighbouring South Africa and foreign miners working there include Zimplats Holdings, a unit of Impala Platinum, global mining giant Rio Tinto, and Anglo Platinum.

SouthGobi receives mining license for Soumber deposit

SouthGobi Resources announced today that the Mineral Resource Authority of Mongolia (MRAM) has issued mining license MV-016869 to its wholly-owned Mongolian operating subsidiary SouthGobi Sands LLC. The new license pertains to the resource previously disclosed by the Company under NI 43-101 standards as the Soumber Deposit.

VISTA Training launches online training modules for heavy equipment

As part of its Silver Series, VISTA Training has launched two online training modules for trainees in the fields of mining and construction: Heavy Equipment – Intro & Safety and Heavy Equipment – Pre-Use Inspection.
The Silver Series gives equipment owners convenient access to task-focused training on many types of heavy machinery, on demand. These affordable modules are designed to help trainees to become proficient and safe equipment operators, and make it easy for equipment owners to schedule training when and where it's most convenient for them. They're also ideal for smaller companies that may only need to train a handful of new operators per year.