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.
Saying that just over 20% of miners had met the black economic empowerment criteria is to tun a blind eye to the progress members have made so far, claims the ming group.
Concern about reported suspicions that traders have distributed close to 500 high-quality, treated polished diamonds in the Israeli diamond trade without disclosure
The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.
The thrifty amount compares to the almost $3.9 billion the government of Ontario received from the salt sector in the same period.
Africa's No.4 gold producer is also rich in coal, uranium, diamonds, emeralds, rubies and sapphires.
Prices of commodities are expected to remain high and to be a key driver of African growth over the next few years
Gold has concentrated lots of interest in the past 6-7 years due to the economic crisis.
In this frank assessment of everything from gold and diamonds to potash and zinc, Kaiser Research Online author John Kaiser names for The Mining Report readers the companies that could be swept up in a rush to security of supply.
The mines ministry has missed an April deadline to ask courts solve the issue of whether companies may claim they meet black-ownership quotas if shareholders have sold their stakes.
Developing Mothae and Lemphane concurrently would allow Paragon to benefit from significant economies of scale, said Paragon Diamonds.
Mick Davis hasn't spent a cent of his $6bn, but private money and non-mining players' share of M&A has already doubled in less than three years.
American geophysicist and Fulbright scholar, Stephen Haggerty, has found a new prickly, palm-like plant that seems to grow only on top of kimberlite pipes.
RioZim Ltd., which mines gold, diamonds and coal in Zimbabwe, wants to work with state-owned power utilities in South Africa and Namibia to build a 1,400-megawatt electricity plant near its Sengwa coal fields.
Unlike other precious gems, high-quality synthetic diamonds can only trade at around a 2 to 20 percent discount to naturally-mined stones.
The last kimberlite eruption occurred over 25 million years ago.
The Conflict-Free Sourcing Initiative announced Friday it has published its new Conflict Minerals Reporting Template (CMRT 4.0). The leading multi-industry tool to facilitate transfer of information throughout the supply chain in support of conflict-free sourcing, CMRT 4.0 includes an updated Standard Smelter List and numerous translation improvements.
If the miner buys any assets this year, it would be Rio's first acquisition in about three years.
The measure aims to stimulate production and attract investment in the sector, amid low international prices for the coveted gems.
After five consecutive months of decline, global mining exploration began showing signs of life in March, particularly in the gold sector, a new report shows.
After just three minutes of bidding, the final price was $22,090,000, including the buyer's premium.
The Dubai Diamond Exchange, a DMCC initiative, is planning to hold three seminars on diamond financing this year, underscoring the growing importance of the issue for the global diamond industry.
The global miner trimmed its forecast from 32m-34m carats to 30m-32m because of “current trading conditions”.
The gem will be sold along with two other greater than 100 carat diamonds, also recovered at Lucara's Karowe mine.
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