The miner also said it aims to increase sales by 1% percent in 2015, taking advantage of rising production and using offtake from its stock.
The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.
The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.
The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.
Sixteen men, who failed to access a safe, broke into a room used for sorting diamonds near Prieska Monday morning.
December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.
Kiran Gems, the world’s largest manufacturer of diamonds, participated in the 12th Mumbai Marathon on Sunday, January 15, 2015. The top brass of the organization, namely Mavji Patel, the managing director, Dinesh Lakhani and Rajesh Lakhani, both directors, along with 15 other employees came out in support of humanity and participated in this event.
The two-day conference will bring together international leaders of the diamond industry, ranging from African ministers to traders, financiers and world-renowned jewelers.
One of the most common questions that gemologists are asked is how to tell the difference between a real diamond and a fake stone.
The first conference was named the "Diamond Investment Conference."
According to Oded Edelman, the co-founder and CEO of R2Net, a company that has created an ecommerce platform dedicated to diamond jewelry.
Price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of financing will make of 2015 another challenging year for the sector.
The Bunder project will be one of the only four diamond mines to be operational over the next decade.
Stellar Diamonds, a junior diamond explorer and developer, announced that it had delayed its first sale of diamonds recovered from its Baoulé project in Guinea to later this month.
But only 34% plans to hire full-time employees and a further 20% is actually considering job cuts.
Whereas total returns for the S&P 500 Index and 10-Year Treasury bond stayed relatively stable throughout the year, commodities and the U.S. dollar both made an incredible about-face starting around late June, early July.
The deals that were and those that failed. Here is MINING.com’s shortlist.
The market for coloured gemstones is on fire, with pink diamonds, rubies and sapphires achieving record prices. This infographic sheds some light on the situation.
The investigative reporting piece exposed extremely poor working conditions in factories making Apple products in China and Indonesia.
Unearthed at Alrosa's Udachnaya diamond mine, it was later donated for study as the diamonds it contained were pretty much worthless as gems.
The Panama Diamond Exchange and CIBJO, the World Jewellery Confederation, have agreed to join forces in providing educational programs for the gemstone and jewelry sectors in Latin America, instilling the principles of Corporate Social Responsibility.
In a first phase the miner plans to target high-grade diamond ore bodies, meeting a target of 14,000 bank cubic metres (bcm) per month.
Environmental impact remains a challenge for diamond industry; grown diamonds represent a long term solution
Julian Malnic, the founder of world's first deep-sea miner Nautilus Minerals has joined the board of Deep Space Industries.
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