Risk aversion is back in the marketplace Tuesday, following the terrorist attacks in Belgium's capital.
Belgium Mining News
The 64-year-old American-Belgian citizen has become the first businessman ever arrested for suspected involvement in the illegal trade of “blood” diamonds.
The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.
Belgian authorities are hoping they have made a major breakthrough in solving a heist of diamonds and gems worth some 40 million euros ($42 million) at Brussels' international airport two years ago.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.
A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.
Costs and challenges for mining the Arctic, meanwhile, on their way up.
In the 30 years Rio Tinto's Argyle Pink Diamonds have been tendering the rare gems, only 13 red diamonds have been brought in.
The plunge in iron-ore prices is damping profits at the firm’s mining unit.
The world's largest diamond miner by market value said it will adopt a more flexible sales approach.
Sector now delivering some of the healthiest returns for many of the world’s biggest miners, including Rio Tinto and Anglo American.
While Russia can always sell its diamonds at other trading centres, Antwerp will likely be left scrambling to find a new source of the coveted gems.
Despite billions spent on exploration, only around 30 significant diamond mines are currently in production.
Money laundering, terrorism financing diamond trade in India, Israel, Belgium, Canada and the US — report
Global diamond trade is being used to launder illegal funds worth millions of dollars, claims polemic study.
A steady diamond demand in Europe, paired with an ever growing appetite for these precious stones in China and India, are to blame, says Alrosa.
So far, no legal action has been taken against people allegedly involved in diamond-related corruption.
Despite claims of fraud in the July election that kept President Robert Mugabe in power.
Stocks at the world’s top steelmaker by sales, ArcelorMittal (NYSE:MT), were down 1.71% at 10:09 am ET this morning after the company announced Wednesday a $3.7 billion net loss for 2012.
The West Antarctic Ice Sheet is warming at three times the global average. Would this open the door for mining?
Gangsters are targeting affluent Gujarati businessman in the traditional European diamond trading capital of Antwerp.
Firestone Diamonds (LON:FDI) announced Thursday that it has partnered up with First Element Diamond Services and opened a new tender facility at the Antwerp World Diamond Centre, in Belgium.
The creative department at ADT Home Security Services produced the following infographic, depicting some of the largest diamond, cash and art-related crimes around the world in recent times.
Belgium imported $1.41 billion worth of rough diamonds in May and exported $1.47 billion in goods, rising 99.3% and 71.7% respectively, according to figures released by the AWDC on Thursday.
Belgian group Umicore (UMI.BR: Quote) forecast improved earnings this year due to strong demand for its automotive catalysts and improved supply for its precious metal recycling business. The metals and speciality materials maker said on Tuesday it expected 2011 operating profit (recurring earnings before interest and tax) to rise to 400-425 million euros ($559-$594 million) from 342 million last year.