Technique likely to become an inexpensive way to uncover rich copper deposits.
Anglo American Mining News
The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.
The gold miner is expanding its portfolio to platinum, coal and uranium, as it also mulls an incursion in the base metals sector.
Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.
Only last month, the South African miner announced it was postponing all investment in new or replacement capacity until at least 2017
Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.
In a fresh attempt to counter weakening demand, the diamond giant is said to have cut prices by as much as 7% at the Jan. 18 sale.
Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.
Three of the world's top mining companies are now trading over 90% below their boom year highs as the 2016 commodity sell-off gathers pace.
Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.
The fresh collapse dragged main producers down, with BHP Billiton, the world’s largest miner, hitting a decade-low.
Gold and oil benefited from the collapse, while base metals and most diversified miners suffered from it.
Investors have publicly called on the company’s independent directors to deal with the “misguided policies and missed opportunities” that have hurt their investment.
The Dartbrook coal mine has been mothballed since 2006, when Anglo placed it in care and maintenance.
Earlier this month, Anglo announced a "radical" restructuring program.
Debswana, a 50/50 joint venture between De Beers and the government of Botswana, is set to close its Damtshaa mine and scale down production at Orapa.
The rating and research agency expects producers to have to deepen cut prices as supply and demand challenges continue into the new year.
The country's largest mining union said it had received notice from South32 about the planned cuts and wants the government to intervene.
One of the miner’s worst kept secret may be revealed as soon as Tuesday.
Mine in Canadian arctic has never turned a profit.
The sale marks the end of De Beers' century-long diamond mining history in South Africa.
World's five largest mining companies together have lost an astonishing $570 billion in market value since 2011–the worst period of performance since 1966.
Anglo American Utilizing Immersive Technologies’ Managed Services to Improve Performance at Los Bronces Mine
Immersive Technologies has over 80% market share of the high fidelity training simulator in the mining industry with over 930 simulator modules deployed and has achieved quantifiable results to date in partnership with Anglo American's Los Bronces.
Hong Kong billionaire Joseph Lau bought the world's most expensive diamonds for his 7-year-old daughter, in less than 24 hours.
It all began about 900 million years ago.