The owner had no idea if the ring had any intrinsic value at all.
Europe Mining News
The company said that today’s announcement is part of its ongoing capital management plan.
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
The 92-carat diamond forms the centerpiece of a necklace of cultured pearls.
The pilot auction, scheduled for June 29, will include a wide range of polished stones manufactured directly from the company’s own rough diamonds.
Cobre Panama project is now 50% complete and on track to produce 320,000 tonnes of copper in 2019, making the company one of the world’s top six producers of the red metal.
According to AMC, cumulate uncertainty, particularly when it comes to resource estimation, creates serious risks for mining projects.
The world’s largest rough diamond producer by value said, however, it continues to see steady demand.
US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.
The Royal Mint has timed its first entry into the platinum bullion market to coincide with London Platinum Week.
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.
Move is part of an ongoing effort to strengthen its position in the home country, particularly around the gold-rich Eastern Abitibi region, in Quebec.
The 373.7-carat diamond, sold during the Vancouver-based miner’s $54.8 million recent tender, was one of 15 large and high value diamonds offered by the company.
Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market.
The Polish company, Europe's second-largest copper producer, said that given current macro conditions the plan had lost sense.
Park authority confirmed Sirius Minerals has started building its mine.
Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.
Here are the top 10 diamond mines in terms of output in carats and value.
The Kiggavik uranium project called for one underground and four open-pit mines just west of Baker Lake, and would have provided at least 400 jobs.
Gold is trading slightly down from its Friday spot price close of $1,227.90, as investors digest the outcome of the recently-decided French presidential election.
Today’s infographic comes from Eurocontrol Technics Group, and it highlights the global problem of fuel theft.
The main developments in Europe which may affect the gold market – except the turmoil in the still fragile banking sector – are a run-off in France and Brexit. Let’s analyze them and their potential impact on the gold prices.
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.
The miner faces another shareholder revolt as Australia’s Tribeca has joined calls by US activist investor Elliott Management for an exit from shale to free up capital.