Diamond prices are expected to hit new highs over the next 12 months as the great divide between supply and demand widens. Prices would increase by up to 10% over the next year as the industry attempted to “balance the market”, according to respected international diamond expert, South African-based James Allan, Principal of Allan Hochreiter [...]

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UC RUSAL, the world’s largest producer of aluminium and alumina, has signed a co-operation agreement with the government of Russia’s Saratov region for the construction of a major energy and metals complex. The complex will include a significant expansion of the Balakovsky nuclear power plant, with UC RUSAL building the fifth and sixth reactor blocks, [...]

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The baby boomer generation in the US is driving global demand for diamonds and the same thrust is expected to spread to other parts of the world, according to a leading industry expert.

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International Mining (www.im-mining.com) is fostering debate over the need for international study standards. What do scoping study, preliminary economic assessment, prefeasibility, feasibility and other studies really mean? Does ‘bankable’ or ‘definitive’ mean anything? In July, Niall Weatherstone of Rio Tinto (Rio Tinto and Chairman of the Committee for Mineral Reserves International Reporting Standards) wrote the [...]

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