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Petra Diamonds revenue takes hit from Tanzania crackdown

Petra Diamonds Ltd's first quarter revenue fell by 17 percent after Tanzanian government last month seized consignment of diamonds from its Williamson mine.

Hedge fund sues Barclays Bank for £650M over alleged copper market rigging

Red Kite, the largest metals hedge fund in the world run by UK Conservative Party donor Michael Farmer, is alleging that Barclays Bank attempted to rig the copper market through insider dealings with the London Metal Exchange.

Bacanora secures environmental permit for Sonora project in Mexico

Permit lets Bacanora go-ahead with its 35,000tpa (tons per annum) lithium carbonate operation in Mexico.

Alrosa has just unearthed another large yellow diamond, hits annual record of massive findings

With the newly unearthed 34.17-carat diamond, Alrosa has hit an annual record in the number of large fancy-coloured stones found at its operations.

Polyus powers on

Russian miner posts another quarter of record production on the way to 2.8m ounces in 2019 as its $2.2 billion Natalka mine ramps up.

BHP presents united front against activist Elliott

Ken MacKenzie defended CEO after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent.

Zinc's bull narrative blurred by fog of LME spreads war

The combination of spread stress and large flows of metal in the LME system suggests we've just witnessed a big bear-bull battle among physical players.

Glencore gains approval to buy into Rusal's Ukrainian alumina plant

As a result of the permits, Glencore can acquire shares in companies Aluminium of Ukraine and Guardon Ukraine.

BHP presents united front against activist Elliott

Pressure has mounted on BHP and its chief executive since Elliott went public in April with its criticisms of the miner's strategy.

Vale shareholders elect two Aberdeen-backed candidates to board

Guerra and Saboya, two of four competing candidates for the board, were nominated by Aberdeen Asset Management.

Scotiabank to offload gold trading unit

Chinese buyers are rumoured to be the key targets of the sale.

Atlas Copco up on higher third-quarter orders, bullish demand forecast

The Swedish firm is fine-tuning details for a group split that will see its mining, infrastructure and natural resources business trade as a new company in 2018.

Proceeds from massive diamond found by pastor to go to Sierra Leone’s poorest

Over 50% of the proceeds will be used to fund clean water, electricity, school, medical facilities, bridges and roads, none of which are currently available in the village of Koryardu, where the diamond was found.

Seven workers killed and one still trapped after Turkey coal mine collapse

Part of a coal mine in Turkey's southeastern province of Sirnak has collapsed, leaving eight workers trapped inside.

Nexans to power the world’s largest potash mine

French firm has secured an eight-year contract to provide power cable and support services for the Mosaic K3 potash mine in Canada.

Stellar Diamonds soars on $1.25 million-sale of Guinea assets

Deal allows the Stellar to focus on its bigger Tongo-Tonguma project in Sierra Leone, which would be the country's second largest diamond mine ever.

Coal power set for one last hurrah

Britain's remaining coal-fired power plants could enjoy an 11th-hour revival in the early 2020s despite the Government’s drive to cut carbon emissions, if ministers choose not to risk raising household energy prices.

VW lowballs cobalt producers, fails to secure supply for EVs

In one of the clearest signs of a tight cobalt market, Volkswagen has failed to secure a long-term supply of cobalt used in electrical vehicle batteries.

Zinc price spike sparks flurry of miner listings

The metal has doubled in prices since late 2015 and investor demands are rising for this "hot commodity."

Zambian villagers can sue Vedanta in the UK-London's Court of Appeal

London's Court of Appeal opened the way for nearly 2,000 Zambian villagers can pursue a claim for damages.

Prairie Mining says near deal with Chinese banks to fund Polish mine

Upfront capital costs for the development of the Jan Karski mine totals $630 million with Chinese lenders expected to financing 85 percent of it.

Millions of dollars in gold end up in Switzerland’s sewers every year

Researchers estimate that roughly 43 kg of gold — worth about $1.8 million at current prices — and 3,000 kg of silver (worth nearly $1.7 million) were flushed away last year.

About a third of global concentrates now registered to trade on this new exchange

Open Mineral Exchange has managed to attract mining companies and smelters wanting to cut out the middlemen and save cash on deals for concentrates.

France's Areva to cut Niger uranium production on price drop

Decision is in response to falling uranium prices, a local union leader said.