The whole tender of 15 gems sold for $24.85 million.
About 35% of the town will move, including 65% of the apartments, over the course of several years.
The resources is said to hold about 53 tonnes of gold and 31 tonnes of copper.
Ammonium salts could speed up natural carbon mineralization.
Growing consumer demand in China and India combined with scarcer supplies will drive the market.
Bad weather, labour disputes and lack of infrastructure have slowed output.
The government chose an Australian company to explore the country's southern region.
Companies could apply for mining licences as soon as 2016 to extract gold, copper and more.
Government vows to pursue both foreigners and locals involved with bad practices in gold and diamond extraction.
NUM wants earnings to go up from $530 to $850 per month for underground workers.
The World Bank is assisting the government to revamp legislation from 1976.
The city of Rustenberg (pictured) is the centre of South Africa's platinum belt where mineworkers are keeping up job action.
Talks between labour and management continue.
The China National Petroleum Corporation will operate the project.
Compliance Energy Corp.'s application found deficient by the provincial environmental assessment office.
Company must first settle its split with former owner Cargill.
The company expects to extract 120,000 ounces per year over eight years.
VIDEO: The precious coloured stones are just as valuable as diamonds.
The Federal Bureau of Investigation is looking into the theft.
The ancient pool dates back about 2.67 billion years and pre-dates the existence of multicellular life.
The flawless 101.73 carat gem set a new world price record.
The procedure is inexpensive and environmentally benign.
The joint public-private partnership project is worth more than $11 million and will last five years.
Project on the Cape York peninsula could produce up to 50 million tonnes per year.
Declining reserves, higher production costs and increased competition putting pressure on the region.