The oval stone, set in a ring embellished with smaller diamonds, sold after a three-minute contest. It was estimated to sell for as much as $42 million.
Asia Mining News
Indonesia expects to conclude deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of Grasberg mine.
The business intelligence firm says output will pick up, supported by higher gold prices and solid projects in key countries.
The government and industry want reactors restarted to cut electricity bills, but swathes of the public oppose returning to atomic energy.
The company had exported 684,333 tonnes of copper concentrate by end-October, according to government data.
The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.
Representatives of major mining companies believe the global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China, the world's top consumer, remains strong.
Analyst Hui Shan said that Goldman’s projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12.
Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015.
The Queensland state premier, who had originally supported Adani's application for a federally funded loan, now says her government will veto it.
“The one thing this industry does very well is mine gold at a loss,” Randgold Resources CEO Mark Bristow told analysts at a breakfast meeting on Friday.
Precious, base and energy metals are all benefiting from the commodity supercycle, says Louis James, editor of International Speculator
Covering everything from stocks, miners, and geography, Adam Hamilton provides a thorough analysis of silver during the third quarter of 2017.
Slowing demand from China's stainless steel mills and rising supplies have halted a frenzied price rally and are likely to keep weighing on prices.
"Stable prices at higher levels have kept gold buying subdued," said Dick Poon, general manager at Heraeus Metals Hong Kong Limited.
Codelco Chief Executive Pizarro said company produced 1.24m tonnes of copper in January-to-September period, a 3 percent decline from same period last year.
Officials for the world’s largest copper mine say they are “adjusting production processes.”
PT Aneka Tambang Tbk (Antam) is targeting 11 million tonnes in nickel ore sales next year, a jump from an estimated 4.2 million tonnes this year.
Jewellery posts growth of 3%, the first in four years.
"Back in March of this year we noted that the gold stocks could be following the path of recovery of housing stocks since their 2009 bottom."
With global diamond demand forecast to grow at approx 3.5% annually over next five years, a supply gap down the line seems inevitable if forecasts hold.
President Rodrigo Duterte's decision not only ignores demands from pro-mining groups but also from members of his own government, including the current environment minister Roy Cimatu.
Coal imports seen rising further amid fears ban may expand. Cement firms scrambling for U.S. coal - executive.
After three days of carefully navigating through a shattered reactor building, the Manbo finally reached the heavily damaged Unit 3 reactor.
Last week Hong Kong Exchanges and Clearing started trading iron ore futures.