Negotiations between the parties, still at an early stage, are said to have generated solid interest from both sides.
Kimberley Diamonds is shifting focus to the Lerala mine in Bostwana, which will be its key source of revenue.
Conflict mining remains an important issue, and one we are beginning to see governments step in to address in different ways.
The miner is spending $1.3 million in exploration work aimed to reopen a historic tin-indium mine in Nova Scotia.
Sunday's fiasco was the third major failure for America's commercial space industry in less than a year.
Rio Tinto’s spectacular Argyle Pink Diamonds Tender has been launched during a world exclusive preview at the Sydney Opera House, with this year’s iconic collection including some of the most vivid pink and red diamonds ever unearthed from the Argyle mine.
The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.
The company, however, said it remained committed to the diamond industry.
Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.
Adverse weather conditions and the need to shift more earth than previously anticipated have also added $13 million to overall costs.
PwC's John Gravelle on the mining industry's austerity drive, price realities and declining exploration spending.
It saw its rough diamond prices decrease by 3% in February and a further 3% at its May trading session, but the mienr expects market conditions to improve by the end of the year.
The miner said smaller than expected diamonds at its Finsch and Cullinan mines in South Africa have sold at modest prices.
While the term "diamond" comes from the Greek word "Adamas", meaning "unconquerable", the earliest gems were found in India, in 4th century BC.
The government of Botswana is bringing relief to profit-squeezed mining companies in the country by allowing them to defer the payment of mineral royalties. via Botswana government defers royalties to help hard-pressed mining companies.
An annual list that reveals the names of mineral smelters that do not use raw materials linked with criminal gangs is at the heart of Europe’s push to clean up the world’s mining industry.
The stock closed 4.17% higher in London Tuesday after the miner revealed the discovery of two rare matching rubies from its Montepuez mine in Mozambique.
Mining and logging was the big exception in Friday's payroll numbers with 18,000 jobs lost in May, the worst month since the global financial crisis.
They shed $156 billion in market value last year, or about 16% of their combined worth, according to PwC.
Gems founds in fragments of the Almahata Sitta meteorite were formed in an unknown planet that existed when our solar system was just forming, researchers say.
But some believe main challenge will be falling prices and wholesalers difficult access to credit to purchase rough diamonds.
Wealthy Chinese who made their country into the world’s second-biggest market for diamonds are now increasingly traveling abroad to buy the stones, at a time when ostentatious purchases are frowned upon at home.
Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach
According to the company, the gem is estimated is worth more than $600,000 if put on auction.
Energy regulator says it holds as much as 200 billion barrels of shale oil reserves, comparable to North Dakota’s thriving Bakken field.
The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.
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