Africa

Low diamond prices push Anglo American to cut output

Cecilia Jamasmie | April 23, 2015
Low diamond prices push Anglo American to cut output

The global miner trimmed its forecast from 32m-34m carats to 30m-32m because of “current trading conditions”.

Barrick changes plan to halt Zambia mine over royalties row

Reuters | April 23, 2015

Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties.

DMCC to host three seminars on diamond finance

DMCC | April 23, 2015

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.

Iron ore price rockets

Frik Els | April 22, 2015
Iron ore price rockets

Jumps 6% on Wednesday to four-week highs despite record-setting production numbers from Big Three.

How to make money in renewable energy: NBF's Rupert Merer

The Mining Report | April 22, 2015

Rupert Merer analyzes that growing energy sector for National Bank Financial and tells The Mining Report why betting on the future of renewables is a prudent strategy for profit growth.

Mick Davis tells investors to stay away from coal, Africa

Cecilia Jamasmie | April 22, 2015
Mick Davis tells investors to stay away from coal, Africa

When asked about how much lower commodities prices will dive this year, Davis said he thought they were close to hitting rock bottom.

BHP yields to pressure and low prices, halts iron ore expansion

Cecilia Jamasmie | April 22, 2015
BHP yields to pressure and low prices, halts iron ore expansion

The company has become the first big miner to delay a planned output expansion.

DRC: Mining code negotiations to resume

The Africa Report | April 21, 2015

The DRC's government has told mining companies it intends to reopen negotiations with them over a revision of the mining code sent to parliament last month.

Lucara Diamond unearths 342-carat rock at its mine in Botswana

Cecilia Jamasmie | April 21, 2015
Lucara Diamond unearths 342-carat rock at its mine in Botswana

The gem will be sold along with two other greater than 100 carat diamonds, also recovered at Lucara's Karowe mine.

Scientists reveal diamond bearing rocks more common than originally thought

Cecilia Jamasmie | April 20, 2015
Diamond study reveals key information about the Earth

A team of Australian scientists have, for the first time, identified the exact source of diamond-bearing rocks known as orangeites.

It’s official: Zambia scales back mining royalties to 9%

Cecilia Jamasmie | April 20, 2015
It’s official: Zambia scales back mining royalties to 9%

The announced changes will be effective on July 1, once parliament has approved them.

‘Perfect’ 100-carat diamond goes under Sotheby's hammer

Cecilia Jamasmie | April 20, 2015
‘Perfect’ 100-carat diamond goes under Sotheby's hammer

The flawless, 100-carat diamond could fetch up to $25 million when it goes under Sotheby's hammer in New York on Tuesday

One year-old Kibali mine already looks to its future

Randgold Resources | April 20, 2015
Image courtesy of Randgold Resources.

The ongoing search for additional reserve ounces at Kibali will secure its future as a long-life mine and one of Africa’s largest gold producers, Randgold Resources chief executive Mark Bristow said.

Irish Kenmare sends S. African miners in Mozambique home over xenophobia

Cecilia Jamasmie | April 20, 2015
Irish Kenmare sends S. African miners in Mozambique home over xenophobia

The decision follows a similar move by Sasol, which repatriated Friday 340 of its employees working on projects in the Southeast Africa nation for their own safety.

Denham Capital's Caroline Donally on private equity in mining

Frik Els | April 17, 2015
Denham Capital's Caroline Donally on private equity in mining

Director of $1bn fund discusses Denham's unique approach, the vibrant parts of the M&A market and what juniors should do to attract capital.

At least 19 dead after illegal mine collapses in Tanzania

Cecilia Jamasmie | April 17, 2015
At least 19 dead after illegal mine collapses in Tanzania

The accident occurred on Thursday night at Kahama district, Shinyanga region, near Acacia Mining's licensed Bulyanhulu gold mine.

Lucapa Diamond unearths 63.05-carat rock from Angola mine

Cecilia Jamasmie | April 17, 2015
Lucapa Diamond unearths 63.05-carat rock from Angola mine

It's the largest diamond Lucapa has recovered in Lulo since the mine began commercial operations in January.

Rio Tinto claims it will ‘thrive’ on lower iron ore prices

Cecilia Jamasmie | April 17, 2015
Rio Tinto claims it will ‘thrive’ on lower iron ore prices

The miner defended his decision to boost production, which has led to sinking prices and threatens to put some competitors out of business.

Iron ore price back below $50 after Chinese property shock

Frik Els | April 15, 2015
china-building-construction-333

GDP slowdown was expected but China's property sector, responsible for half of steel demand, is in a tailspin as Q1 unsold inventory rises 24%.

Oilprice.com

The game-changing water revolution: Interview with Stanley Weiner

Oilprice.com | April 15, 2015
colossus minerals dewatering

Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering.

Citi’s 'end of the Iron Age' note triggers waves of downgrades

Cecilia Jamasmie | April 14, 2015
Citi’s 'end of the Iron Age' note triggers stocks bloodbath, downgrades

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

EU lawmakers toughen up rules limiting the import of conflict minerals

Cecilia Jamasmie | April 14, 2015
EU lawmakers toughen up rules limiting the import of conflict minerals

The lawmakers voted 22 to 16 to strengthen a draft law requiring importers, smelters and refiners to certify their goods are conflict-free.

Zambia dumps mining royalty hike, settles at 9%

Cecilia Jamasmie | April 14, 2015
Zambia dumps mining royalty hike, settles at 9 percent

The government intends to set its mining royalties at 9% for both open-pit and underground mines.

World Diamond Council and KP civil society to participate in panel on ethics at Dubai Diamond Conference 2015

DMCC | April 13, 2015

The Second Dubai Diamond Conference will be held April 21-22.

Expect talent-driven mining M&A: Headhunter

CEO.CA | April 13, 2015
hudbay-minerals-reports-q1-loss-

Today Andrew’s talking about the ebbs and flows of his MRG business. He tells me President and CEO searches are not where he’s making his money these days, it’s the operations roles.

Iron ore price surges on Chinese import growth

Frik Els | April 13, 2015
Iron ore price surges on Chinese import growth

Up 3.2% on Monday after commodity trade data surprise.

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