Suncor to take $80 million hit after Nova Scotia project found non-commercial
The charge is related to the first exploration well of its joint venture in the Shelburne basin, south of Nova Scotia.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Alrosa unveils detection device for polished diamonds
Rough-diamond prices fell 18% in 2015 and some miners, such as Alrosa, believe synthetic gems were partly responsible for it.
One of world’s largest, newest diamond mines is now open
Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), is expected to inject $5.2bn into Canada’s economy.
Peru, Brazil to emerge as Latin America’s new mining gems
Peru’s significant copper project pipeline and Brazil’s competitive iron ore sector will consolidate them as main drivers of investment in Latin America’s mining sector, says BMI Research.
World’s top diamond producer Alrosa doesn’t like synthetics
The Russian miner, the world's top diamond producer by output, said it has become imperative for the industry to find effective ways to defend the market from illegal substitutions by synthetic gems.
Here’s what 50 million extra tonnes of iron ore will do to prices
Prices for the steel-making ingredient are down by 9.8% over a month ago and most of the massive projects expected to come on stream this year are not producing at full steam yet.
Rio Tinto is no longer worried about China’s growth
The world’s second largest miner says is now rather “cautiously optimistic” in relation to what China's effect on commodity prices has in store.
Precious metals recover lost ground as traders count down to Fed meeting
Most investors expect the Fed to put off raising rates, which would keep gold as an attractive asset to buy.
Petra Diamond sees shiny 2017 for the global industry
The miner is confident in the long term outlook for the diamond industry and it expects is to be cash flow positive in the second half of the current financial year.
Harmony buys out Newcrest stake in Hidden Valley gold mine
Harmony Gold has been looking for new assets to meet its goal of increasing production to 1.5 million ounces over the next three years.
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.
