Rio Tinto unveils one of largest diamonds ever found in Canada
The 187.7-carat Diavik Foxfire diamond will be showcased in London before returning to Antwerp for detailed assessment.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
World’s two biggest miners walking away from coal, but they are not telling
BHP Billiton and Rio Tinto have significantly cut their investments in coal, while repositioning behind the scenes.
Canadian Oil Sands to stay in the black even if crude prices keep falling
The company, currently the target of a $4.3 billion takeover bid by Suncor, unveiled a pared-back capital budget that cuts spending by 20% year-over-year to $295 million in 2016.
Swiss scientists make gold nugget ‘as light as air’
The gold nugget is also about 1,000 times cheaper than solid gold.
Barrick completes sale of 50% of Zaldívar copper mine to Antofagasta
The proceeds of the sale will be used to reduce a debt pile of $13 billion with a target of wiping out $3 billion this year.
Gina Rinehart’s Roy Hill iron ore mine readies for first shipment
Roy Hill iron ore mine will soon start exporting the steelmaking material, just as prices hit a fresh seven-year low.
De Beers’ Kimberley Mines sold to Petra Diamonds, Ekapa Mining for $7.2m
The sale marks the end of De Beers' century-long diamond mining history in South Africa.
BHP Billiton to slash copper production costs, increase output
The miner expects to lower production costs to $1.08 per pound during the 2017 financial year, from a projected $1.21 per pound in the year ending June 2016.
Canadian Oil Sands granted one more month to fend off Suncor’s hostile bid
The poison pill provision must expire by Monday, Jan. 4, 2016.
Up to 20,000 mining jobs gone in Australia by 2018 — report
Mining investment in Australia is forecast to fall a further 58% 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.
