China bulls kick iron ore price 6.5% higher.
Anglo American Mining News
De Beers diamond sales up 1.5%
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2017.
More than 1,500 workers fired at Sibanye’s Cooke mine over strike
Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.
South Africa just hiked black ownership rules, miners getting crushed
The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.
De Beers sends world’s top diamond-searching ship to explore off coast of Namibia
Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De Beers.
De Beers to host first auction for third-party exceptional polished diamonds
Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month, when the exceptional polished stones auction is held on 29 June.
Anglo American appoints takeovers expert as new chairman
Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.
IIDGR unveils industry-first synthetic screening device for testing multiple stones in set jewellery
The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, today unveiled SYNTHdetect – the first synthetic screening device in the industry to test multiple stones in set jewellery at once without the need for a probe.
De Beers South Africa takes state to court over export exemption
Exemption license for rough diamonds was reportedly denied
De Beers’ Forevermark brand inscribes its 2 millionth diamond
The a 3.48 carat round brilliant, mined, cut and polished in Namibia, that now bears a ‘2,000,000’ imprinting.
De Beers taps into polished diamonds market with first-time auction
The pilot auction, scheduled for June 29, will include a wide range of polished stones manufactured directly from the company’s own rough diamonds.
De Beers diamond sales down by 11%
The world’s largest rough diamond producer by value said, however, it continues to see steady demand.
Deal avoids strike at Collahuasi
A deal between workers and the companies that own the Collahuasi copper mine in northern Chile could mean labour peace at the often-picketed mine for the next three years.
Anglo’s sale of Drayton coal mine spooks horse breeders
They fear the buyer, Malabar Coal, may revive mining at Drayton, which they claim would have have severe impacts on the area’s profitable stud farms and wineries.
De Beers pioneers research programme to make carbon-neutral mining a reality
De Beers Group today announced it is leading a ground-breaking research project that aims to deliver carbon-neutral mining at some of the company’s operations in as few as five years.
De Beers Group returns US$5 billion to its partners in 2016
De Beers Group increased returns to governments, communities, supply chain partners and its joint venture partners by 26 per cent to US$5 billion in 2016, according to its latest Report to Society, published today.
South32 buys stake in Canada’s Arizona Mining for $81 million
The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.
Anglo American to resume operations at El Soldado mine in Chile
The company had warned it would evaluate options for the mine, including walking away form it, if it didn’t receive the necessary permits.
Sibanye Gold investors OK $2.2bn acquisition of Stillwater
Shareholders voted overwhelmingly in favour of the cash takeover, which will make the South African firm the world's No.3 palladium producer and No.4 platinum group metals miner.
More iron ore comes to the market as Anglo’s output soars in Q1
Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.
Iron ore price collapse wipes billions off top mining stocks
Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.
South32 drops $200 million plan to buy Peabody coal mine
The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.
Diamond market regaining sparkle — DeBeers sales up again
The world’s No.1 diamond miner by value, reported a 4.9% rise in sales during the third cycle of the year, on the back of a global recovery in prices and demand.
Changes at Kumba Iron Ore board of directors
Along with other changes, Zarina Bassa has informed Kumba of her intention to step down as an independent non- executive director at the Company’s forthcoming AGM on 11 May 2017, after serving eight years.
De Beers becomes sole owner of jewellery brand, buys out retail partner LVMH
It has acquired the 50% interest French luxury goods group LVMH had in De Beers Diamond Jewellers for an undisclosed amount.
