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Monday, 20th September 2021
8:58:55pm

Mining

Articles related to mining

De Beers-owned Debswana to close diamond mine on weak demand - union leader

Debswana Mining Company, equally owned by De Beers and the Botswana government, will close a diamond mine in the country as weak demand and trading disruption from the pandemic make the mining of lower value diamonds unviable, a union leader told Reuters on Friday.

Debswana, among the world’s largest diamond producers, plans to close its Damtshaa…

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US Court awards $135m to shareholders of DRC mine

A US Court for the Eastern District of New York on Tuesday sentenced OZ Africa, a subsidiary of multi-billion-dollar hedge fund Och-Ziff, for corruption linked to mining projects in the Democratic Republic of Congo (DRC). 

The court reportedly awarded $135 million in restitution to the former shareholders of Africo Resources Ltd, who lost their…

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Norilsk Nickel to allocate 830 mln rubles to relocate residents of Norilsk, Dudinka

V. Potanin decided to allocate funds for 2021 regardless of whether the participation of the government of the Krasnoyarsk Territory and the Norilsk administration in the resettlement program will continue - A. Grachev

In 2021, Norilsk Nickel will allocate 830 million rubles to relocate the residents of Norilsk and Dudinka to the South.

The…

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Norilsk Nickel to invest 2 trillion rubles in production development

 

 

 

Norilsk Nickel will invests 2 trillion rubles in production development, 250 billion rubles in the sulfur project to reduce emissions.

 

 

The company is also ready to allocate 42 billion rubles for the renovation project in Norilsk.

 

Meanwhile, a decree of the Federation Council on the development of Norilsk, the draft of which was adopted…

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Norilsk Nickel to allocate 1 bln rubles for a renovation project in Norilsk

A decision has been made to allocate 1 billion rubles for the project documents prior to resolving the issue of the official approval of the renovation program

 

In 2021, Norilsk Nickel will allocate 1 billion rubles for the preparation of project documents of the renovation program in Norilsk, Andrey Grachev, Vice President for Federal and…

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