Category: Mining

Company would mine yellow metal along with diamonds.
Government ups interest in miner to compete with other potential buyers, including Botswana.
Storm Mountain Diamonds is requesting tax breaks and royalty relief from the local government.
Miner launches rights issue to keep business afloat.
Illegal miners marched on site gate and attacked authorities, company says.
Burgundy Diamond Mines seeking over $100 million amid challenging market.
Production up 110% year on year in third quarter.
Burgundy Diamond Mines attributes financial troubles to challenging market, compounded by tariffs.
Udachnaya pipe will continue for an additional 16 years, until 2055.
Governments bidding for majority and minority interests, respectively.

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