Europe

Alrosa’s biggest diamond mine goes underground

Cecilia Jamasmie | July 27, 2015
Alrosa’s biggest diamond mine goes underground

The company has officially shifted operations at its flagship Udachnaya mine from open-pit to underground mining.

Oilprice.com

Saudis expand price war downstream

Oilprice.com | July 28, 2015
saudi_arabia_oil_map

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.

Canadian court to hear Stans Energy appeal over Kyrgyz Republic’s unpaid $118M

Cecilia Jamasmie | July 24, 2015
Canadian court to hear Stans Energy appeal over Kyrgyz Republic’s unpaid $118M

The frozen payment corresponds to what the Kyrgyz Republic was told by an international arbitration court to give Stans for revoking its rare earth mining licenses in the country.

Global miners improve policies on community consent, while oil and gas lag

Oxfam America | July 23, 2015
Global miners improve policies on community consent, while oil and gas lag

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

Glencore to slash 380 coal jobs in South Africa

Cecilia Jamasmie | July 22, 2015
Glencore to slash 380 coal jobs in South Africa

It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.

Visual Capitalist

INFOGRAPHIC: The world economy in one visualization

Visual Capitalist | July 22, 2015

Today’s data visualization is the most simple breakdown of the world economy that we’ve seen.

Gemfields Mozambique mine to yield rubies for over 20 years

Cecilia Jamasmie | July 22, 2015
Gemfields Mozambique mine to yield rubies for over 20 years

An independent report has confirmed the Montepuez mine holds the largest deposit of rubies in the world, with projected output of 432 million carats over 21 years.

Gabriel files for international arbitration against Romania

Market Wire | July 21, 2015

Dispute over Roşia Montană gold and silver project.

K+S rejects fresh approach from Potash Corp.

Cecilia Jamasmie | July 21, 2015
K+S rejects fresh approach from Potash Corp.

With the deal, Potash Corp. could regain some of its historic dominance over the fertilizer market, since the two companies combined account for 30% of the global potash production.

Alrosa’s rough diamonds sales down 22% in first half of the year

Cecilia Jamasmie | July 21, 2015
Alrosa’s rough diamonds sales down 22% in first half of the year

The Russian company, hit by a sustained slowdown in the diamond market, said its rough diamond have declined by 6% in the first six months of the year.

Saxony develops new resource technologies for Rare Earth Elements

G.U.B. Ingenieur AG | July 21, 2015

Scientists and engineers develop innovative technologies for enhanced resource efficiency of critical technology metals.

Boticas Exploration update-Medgold increases exploration target at Limarinho zone

Market Wire | July 21, 2015

Recent sampling and geophysical work has increased the size of the main gold anomaly at the Limarinho zone.

The world’s highest grade gold mines

Vladimir Basov | July 16, 2015
World’s highest grade gold mines

Canadian mine takes top honours but Russia and USA dominate the rankings.

Anglo American to write down up to $4bn on weak commodity prices

Cecilia Jamasmie | July 16, 2015
Anglo American to write down up to $4bn on weak commodity prices

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

Anglo American likely to cut dividend amid commodities collapse

Cecilia Jamasmie | July 15, 2015
Anglo American likely to cut dividend amid commodities collapse

It would be the first time since 2009 that Anglo has to cut dividends.

Dodd-Frank: Five years and $1.5 trillion later

Oxfam America | July 15, 2015

In the five years since the Dodd-Frank Act passed, oil produced in developing countries was worth an estimated $1.55 trillion for those governments. But because the landmark US transparency law remains delayed, any payments that flowed to governments took place with limited or no transparency.

Iran, World powers reach ‘historic’ nuclear deal

Cecilia Jamasmie | July 14, 2015
Iran, World powers reach ‘historic’ nuclear deal

The agreement ends decades of economic sanctions against Iran, and includes reductions in centrifuges, international inspections.

Greeks can’t tap cash, gold, silver in safety deposit boxes

GoldSeek.com | July 14, 2015
Gold coins falling stack

The notion that safe deposit boxes – facilities that are used by many precious metals investors and others seeking to safeguard their wealth and valuables – need to come under capital controls to protect against bank runs is a dubious one.

Russia to sell enriched uranium to Europe

Sputnik News | July 13, 2015

Russia’s top exporter of primary stage nuclear material has completed a pilot shipment to Germany and Sweden via its northern Ust-Luga seaport.

Iron ore price builds on gains

Frik Els | July 10, 2015
Iron ore price builds on gains

13% in two days.

Commodities rout hits diamond industry, prices down 3.4 pct in first half of 2015

Cecilia Jamasmie | July 10, 2015
Commodities rout hits diamond industry, prices down 3.4 pct in first half of 2015

In the past year, they've lost 9.4% of their value, the recently launched Zimnisky Global Rough Diamond Price Index shows.

Sirius stock collapses after unveiling plan for UK’s largest potash mine

Cecilia Jamasmie | July 10, 2015
Sirius stock collapses after unveiling plan for UK’s largest potash mine

The company also said it expects final decision notices for key approvals by the end of September.

End of an era for UK coal mining — last mines close up shop

Cecilia Jamasmie | July 10, 2015
End of an era for UK coal mining — last mines close up shop

It marks the end of a three-century industry that once employed over a million workers in the U.K.

Platinum, palladium price drop accelerates

Frik Els | July 9, 2015
Platinum, palladium price drop accelerates

Data showing South African production up 88% in May from a year ago pushes platinum to levels last seen in 2008 while palladium falls to 2-and-a-half year low.

Here is why K+S investors think deal with Potash Corp. almost cooked

Cecilia Jamasmie | July 9, 2015
Here is why K+S investors think deal with Potash Corp. almost cooked

They argue Potash Corp's main objective is to seize its rival's ambitious Legacy project in southern Saskatchewan and scale it back.

Cecilia Jamasmie

Iron ore prices: the worst is yet to come

Cecilia Jamasmie | July 9, 2015
Iron ore prices: the worst is yet to come

Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.

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