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Rio completes Rössing Uranium sale

Rio Tinto has entered into a binding agreement with China National Uranium Corporation Limited (CNUC) for the sale of its entire 68.62 per cent stake in Rössing Uranium Limited for up to $106.5 million. According to a communiqué from the company, the total consideration comprises an initial cash payment of …

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De Beers’ diamonds prospects remains positive

International diamond group De Beers remains optimistic about its rough diamonds sales, as the year comes to an end. “As the industry’s focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year. …

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Strong mining production to spur economic growth

International Monetary Fund’s (IMF) latest focus on the local economy anticipates the gradually recover with real GDP projected to contract this year and turn positive in 2019. Geremia Palomba, IMF official said the anticipated turn will be supported by strong mining production and a rebound in construction activities. “Growth is …

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