Rio’s revised iron ore guidance pushes price to three-month high
From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%.
Cecilia Jamasmie , Editor-in-Chief
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Coal mine sold for less than $1 reopens, to reach full production by year-end
Blair Athol thermal coal mine, located in Queensland, Australia, had been closed since 2012 when former owner Rio Tinto shut down operations after almost 30 years of production.
Rio Tinto axes iron ore export forecast for the year
It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.
Glencore mulls spinning off mining royalties into new company
The spin-off business would go after royalty agreements in copper, zinc, nickel and cobalt, worth more than $300 million, while looking to attract a strategic partner to fund further deals.
World’s second-largest diamond ‘too big’ to sell
Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.
Washington Companies buys Dominion Diamond for $1.2 billion
The US company plans to operate Dominion as a standalone business, appointing a new chief executive based in Canada.
Botswana Diamonds jumps on prospecting licence expansion
Vutomi licences were extended into additional area of mineralization adjacent to the firm’s Frischgewaagt project in South Africa.
BHP to speed up Jansen development as potash demand to double by 2040
The world's largest miner believes potash will be a $50 billion market by the late 2040s.
Botswana Diamonds soars on lucky find at South Africa’s Ontevreden
The company identified a group 2 kimberlite pipe in an area known by its high-grade diamonds.
South Africa halts new black ownership rules for mines
The suspension follows a pending a judgement in an urgent interdict application by the country's Chamber of Mines.
Wheaton lands $4.3B BHP silver stream, enters Australia
Major deals in Peru and Australia expand production reach and secure long-term precious metals supply streams.