The stone was found at Dominion Diamond and Rio Tinto's Diavik mine.
Rio Tinto Mining News
Antipa Minerals reported "weak mineralization" in a target area that is part of the Citadel project, which has been touted as likely rich in copper.
Rio Tinto and China's Zijin Mining are potentially the biggest investors.
Construction will start next year with first production expected in late 2021.
Construction for the project will start in 2019, with first production expected in late-2021.
The mining industry is facing an upward cycle, and IIoT presents numerous opportunities and benefits to maximise profitability.
Rio's interest in the area has sparked a stampede into adjacent lots by other explorers, who see Rio's aggressive activity as an indicator of a highly promising find.
The company is selling its 69%-stake in Rossing Uranium Limited, which owns the Namibian mine, to China National Uranium Corporation (CNUC).
Diavik Diamond Mine is located 300 kms northeast of Yellowknife, capital of Canada’s Northwest Territories.
Both companies are seeking to position themselves as sustainable to boost their investor and customer appeal
Canada’s largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine’s capacity to 600,000 tonnes of copper a year from the 300,000 it’s expected to achieve once Phase 2 is completed.
The Innu First Nations filed their lawsuit in 2013, seeking compensation of $900 million.
Budgets jumped about 19%, outpacing last year’s gain.
Canada’s largest diversified miner has been looking for a development partner for the $4.8-billion extension of Quebrada Blanca copper mine in northern Chile.
LNG Canada is a joint venture of Shell, Petronas, PetroChina, Mitsubishi and Kogas.
According to the company, the chimney stack was structurally unsound and posed a significant threat to safety.
Star Diamond Corporation announced that Rio Tinto Exploration Canada commenced an HQ core drilling program on 11 holes.
Rio Tinto and Liberty had announced a binding agreement on the sale of the Dunkirk site, Europe's largest aluminium smelter, in a deal expected to be worth $500 million, subject to final adjustments.
The 2018 collection of the finest pink, red and violet diamonds continued its trajectory of double-digit price growth.
Results suggest that exploration and building remains the riskier but potentially more cost-effective alternative
BHP had promised to return all of the net proceeds from the $10.8 billion sale of its U.S. shale business to shareholders when the deal was announced in July.
The mining industry needs to change the barbecue conversation - Jean-Sebastien Jacques Rio Tinto CEO
Glencore expected to achieve annual cash savings of more than $300 million in its coal business by the end of 2018, but now it expects savings of more than $450 million by year-end.
China is on track for an annual record and is supporting consumption of raw materials.
If a community or government wants a bigger share of the pie, they may need to be willing to take on more of the risk.