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Anti-corruption body asks Rio for Oyu Tolgoi-related info

By analyst By Cecilia Jamasmie Rio Tinto-controlled Turquoise Hill Resources said Tuesday it had received an “information” request from the Mongolian Anti-Corruption Authority (ACA) to provide financial information. The petition relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement, the company said in

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Fifth-largest gem quality diamond in history sold for $40 million

By analyst By Cecilia Jamasmie The world’s fifth biggest gem-quality diamond ever found was sold for $40 million on Monday, the company that found the massive rock said. Africa-focused Gem Diamonds (LON:GEMD) dug up the D colour, Type IIa rough diamond, which is about the size of two golf balls, at its flagship Letšeng mine

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Antofagasta more than doubles dividend on strong copper prices

By analyst By Cecilia Jamasmie Shares in Chilean miner Antofagasta Plc. (LON:ANTO) spiked Tuesday after it posted a 59% increase in profits to almost $2.6 billion last year, thanks to strong copper prices and cost-cutting measures that helped offset a slight decline in production. Net profit for the year ended Dec. 31 climbed to $750.6

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Two Cutting-Edge Energy Efficiency Companies Team Up to Capture Growing Market

Source: Streetwise Reports 03/13/2018 A unique energy efficiency company whose client base runs from a Premier League football stadium to fast food outlets in the Middle East to a data center in the UK is joining forces with a company that brings a unique suite of energy efficiency solutions. Companies and residences are always looking

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Russia and China to work on joint uranium mining project

By analyst By Valentina Ruiz Leotaud Rosatom announced on Monday that the Russia-China Investment Fund for Regional Development will kickstart the financing for a uranium mining project in Russia’s Zabaikalsky Territory. Zabaikalsky is located in the southeastern region of Transbaikalia and has a 998-kilometre border with China and a 868-kilometre border with Mongolia. According to

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