De Beers’ Forevermark brand inscribes its 2 millionth diamond
The a 3.48 carat round brilliant, mined, cut and polished in Namibia, that now bears a ‘2,000,000’ imprinting.
Cecilia Jamasmie , Editor-in-Chief
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Workers block access to First Majestic’s La Encantada mine in Mexico
Company said blockade was in response to a recently announced bonus offer in lieu of profit sharing.
Shell speeds up exit from oil sands, selling stake in Canadian Natural Resources
Transaction could become one of the country’s one of the biggest-ever equity sales.
Tanzania outs mining minister over alleged collusion with companies to evade taxes
Shares in gold producer Acacia Mining, one of the firms accused of eluding taxes, fell by more than 18% to 18% to 355.70 pence on the news.
China’s Zijin pays off stake in Ivanhoe’s Congo copper project
Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.
Low copper prices force Codelco to revise underground expansion of Chuquicamata
Modifications seek to simplify aspects of the project originally approved in 2010 in order to optimize mineral handling.
Dominion Diamond to seek permits for underground project at Ekati in Q3
The project, called Misery Deep, will require an investment of $6 million in 2018, $69 million in 2019 and $19 million in 2020.
BSGR may have to pay $1.2bn for no show at Simandou-related hearing
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
Congo to re-evaluate new mining code next week
Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.
Canada’s Trevali picks up Glencore zinc mines in Africa
The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.
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.