Russia to continue buying diamonds through state fund in 2025 The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems. Reuters | November 21, 2024 | 10:11 am
Troilus Gold brings potential funding from credit agencies to $1.3 billion The company has signed an additional LOI with Export Development Canada worth $300 million. Staff Writer | November 21, 2024 | 9:19 am
Mining People: BESTECH, Osisko Metals, Defense Metals, Soma Gold, TriStar Gold Key moves in the mining sector. Staff Writer | November 21, 2024 | 8:54 am
Osisko Development surges on permitting milestone for Cariboo gold project The company can now move forward the construction and operation of the underground mine, which is expected to deliver 164,000 oz. of gold production annually. Staff Writer | November 21, 2024 | 8:40 am
Solaris exits Canada for Switzerland with new CEO, board and spin-out plans The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company. Colin McClelland - The Northern Miner | November 21, 2024 | 8:02 am
Sierra Leone woos miners to clean energy with $11 billion plan Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country. Bloomberg News | November 21, 2024 | 7:35 am
Mining boss Ellison tells investors: ‘I hate what I’ve done’ The executive has been pressured to explain why the company made historical payments to offshore entities he controlled. Bloomberg News | November 21, 2024 | 7:32 am
Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit The transaction is expected to close in early 2025. Reuters | November 21, 2024 | 7:22 am
Alrosa plans production cuts and staff reduction for 2025 The miner may cut its labor costs by 10%, which could involve layoffs among its 35,000 staff. Staff Writer | November 21, 2024 | 6:59 am
