De Beers’ diamond venture in Namibia axing at least 130 jobs
Move seeks to ensure the sustainability of Namdeb land-based operations.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Vale confirms talks with BHP over Samarco exit
During a meeting with investors and analysts in Sao Paulo, Vale’s investor relations director, André Figueiredo, said it seemed “natural” for his company to become the sole owner of the project.
Lucapa finds monster diamonds at Lulo, including largest coloured one
The Australian miner has also unearthed the tenth +100 carat stone recovered from Lulo since mining operations began two years ago.
Rio’s Oyu Tolgoi mine in Mongolia hit with $155 million tax bill
Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.
These four factors will boost gold demand in 2018 — WGC
Synchronised global economic growth, shrinking central bank balance sheets, rising interest rates, insubstantial asset prices and market transparency are the trends to watch this year, the World Gold Council said.
De Beers readies technology aimed at eliminating ‘conflict diamonds’
Firm is developing open platform that traces diamonds from mine to buyer.
Tahoe cutting 250 jobs at Escobal mine in Guatemala on reopening delays
Canadian miner cited uncertainty over whether it will ever have its mining license for the operation reinstated as main reason for the layoffs.
McEwen 2017 output fails to impress, but gold prices boost shares
The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.
Gem Diamonds shares on fire as miner finds 910-carat rock
Massive find is believed to be the fifth biggest gem-quality diamond ever found
Planetary Resources a step closer to mining asteroids with spacecraft launch
Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
