Mandalay Resources reports record production in 2020

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.

Construction of the 50,000-barrel-a-day expansion will begin in the first half of 2017, the company said.

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Industry claims the U.S. Bureau of Land Management, the U.S. Forest Service, and state regulatory agencies already possess what miners contend are adequate financial guarantee programs.

Drilling results from Vancouver-based company's super high-grade Timok copper-gold project lifts market value to within sight of US$1 billion.

With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.

Chief executive Jean-Sebastian Jacques comments come as the company had to suspend shipments from the Mongolian mine last week.