The diamond miner decided to offload those units to focus on its Tongo-Tonguma project in Sierra Leone, which has the potential to generate earnings of $45 million a year.
Europe Mining News
A study of Roman coins has shown how the defeat of Hannibal and the Carthaginian empire led to coinage spreading across the Roman Empire from silver mines in Spain.
La Escondida was the last project of its type in the Castilla and León region
The Anglo–Swiss multinational secured the first mining leases for its $7 billion Wandoan coal project in Queensland’s Surat Basin
Tiny flecks of gold could be used in the fight against cancer
Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition.
In 1517, Michelangelo climbed Mount Altissimo in Tuscany and found the marble of his dreams.
The Canadian diamond miner now expects to produce between 265,000 carats and 285,000 carats, compared with the previously targeted 290,000-310,000 carats.
A total of 102 miners have been brought to the surface and another 33 miners have been located in the mine in Yakutia in eastern Siberia and are being evacuated.
Authorities seek to settle differences with the Canadian miner over Skouries, one of the gold projects the firm is currently developing in northern Greece.
Miner said country offers more favourable conditions to start new projects than Chile, where Antofagasta has majority stakes in four copper mines and has just opened a new one — Antucoya.
De Beers says it sets the bar very high for its technology and expects that each instrument it releases is tested to the highest possible standards, while also being fast, efficient and affordable.
De Beers Group today announced three new additions to its Executive Committee. Ann Cormack will succeed Arthur Hewett as Executive Head, Human Resources, as of October 2017. David Prager joins the Executive Committee as Executive Vice-President, Corporate Affairs, and Nancy Liu joins as Chief Operating Officer, Forevermark, both with immediate effect.
The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.
Brad Halverson has spent nearly three decades with the mining and construction equipment maker.
Russia’s Alrosa, the world’s top diamond producer by output in carats, introduced Tuesday The Dynasty, a unique collection of diamonds manufactured at its cutting and polishing facilities.
The diamond giant said customers began buying rough diamond earlier than usual so they can complete their polishing before Diwali begins.
This is the first time the London Bullion Market Association makes such data public.
The Anglo–Swiss multinational announced that it signed agreements with Yancoal Australia regarding the acquisition of a 49 per cent interest in Rio Tinto’s former coal assets in Australia's Hunter Valley
In 2017 A TEC and CRH Slovakia have installed an alternative fuel system for kiln riser duct firing in Turna Nad Bodvou, Slovakia.
For the three months to June 30, silver production totalled 14.5 million ounces, a 12% rise from last year, while gold output was 223,000 ounces, up 2.7% from a year earlier.
The world's 8th largest potash producer, the Jordanian firm Arab Potash Company Ltd., is engaging the services of the German engineering and exploration company DMT for a ground survey at the Dead Sea.
It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.
Shareholders hadn’t received dividends since 2015, when iron ore fell below $40 a tonne amid a global crash in commodity prices.
Labour disputes earlier in the year caused delays in the building of a new plant in its Cullinan mine in South Africa.