Alrosa sold diamonds worth $504.5m in January

David McHutchon | February 13, 2018
img0  Russia’s Alrosa said on Monday it had sold rough and polished diamonds worth $504.5-million in January. Rough diamond sales had amounted to $499-million and polished diamond sales to $5.5-million, it said in a statement. “Earlier this year, we have seen good demand for the whole assortment of our diamond products,” said deputy CEO Yury Okoemov. “It was supported by positive trends ...

Resource-rich Mongolia rejects cap on foreign workers for 2018

David McHutchon | February 13, 2018
img0 Mongolia will not put a cap on immigration in 2018, authorities said on Tuesday, after lawmakers rejected new policy proposals that set to put tough restrictions on the numbers of foreign workers in the remote north Asian nation. Some members of Mongolia’s Parliament sought to limit the number of new resident permits granted to foreign or stateless ...

Amur enters into $10m convertible loan for Russia mine

David McHutchon | February 13, 2018
img0 Base metals company Amur Minerals has entered into a convertible loan with Cuart Investments and YA II PN to progress development of the Kun-Manie nickel/coppersulphide project in Russian Far East. The investors, which were arranged by RiverFort Global Capital, will lend the company up to $10-million cash in three separate advances, the first $4-million of which will be drawn down this week. Each advance is ...