November 24, 2024

CEO Pavel Marinychev: ALROSA to cut production cuts and staff reduction for 2025

Russian diamond miner Alrosa may suspend some production in 2025 and cut staff as it faces challenges with low global prices, according to CEO Pavel Marinychev. […]
November 24, 2024

China discovers huge gold reserves in Hunan 

China has discovered a huge gold reserve in Hunan province. The estimated value of this vast reserve is believed to be hundreds of billions of rupees […]
November 24, 2024

South Africa’s illegal gold miners are locked in an underground 

Illegal miners, believed to be in the hundreds, have been trapped underground in a disused mine shaft in the South African town of Stilfontein, as reported […]
November 24, 2024

ALROSA to suspend production, optimize personnel amid market crisis

ALROSA, which controls nearly one third of global diamond mining, is considering suspending production at a number of its least profitable sites in 2025 and optimizing […]