The global miner trimmed its forecast from 32m-34m carats to 30m-32m because of “current trading conditions”.
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.
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.
Jumps 6% on Wednesday to four-week highs despite record-setting production numbers from Big Three.
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.
When asked about how much lower commodities prices will dive this year, Davis said he thought they were close to hitting rock bottom.
The company has become the first big miner to delay a planned output expansion.
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.
The gem will be sold along with two other greater than 100 carat diamonds, also recovered at Lucara's Karowe mine.
A team of Australian scientists have, for the first time, identified the exact source of diamond-bearing rocks known as orangeites.
The announced changes will be effective on July 1, once parliament has approved them.
The flawless, 100-carat diamond could fetch up to $25 million when it goes under Sotheby's hammer in New York on Tuesday
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.
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.
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.
The accident occurred on Thursday night at Kahama district, Shinyanga region, near Acacia Mining's licensed Bulyanhulu gold mine.
It's the largest diamond Lucapa has recovered in Lulo since the mine began commercial operations in January.
The miner defended his decision to boost production, which has led to sinking prices and threatens to put some competitors out of business.
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%.
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.
The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.
The lawmakers voted 22 to 16 to strengthen a draft law requiring importers, smelters and refiners to certify their goods are conflict-free.
The government intends to set its mining royalties at 9% for both open-pit and underground mines.
The Second Dubai Diamond Conference will be held April 21-22.
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.
Up 3.2% on Monday after commodity trade data surprise.
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