Gemfields shares soar on ‘knock out’ auction results
The emeralds and rubies miner raised $19.2 million from its recent auction in Jaipur, India.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Commodity prices have not bottomed yet — Goldman Sachs
Unless demand picks up or more miners cut output, prices for raw materials are set to stay low for years, or worse, continue to drop, the investment bank predicts.
Global coal imports heading for second year of ‘dramatic’ drops
The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.
China admits to have killed 28 suspects on coal mine knife attack
The deaths of the alleged "terrorists" took place over a 56-day operation by security forces, the Chinese government said.
Caterpillar sales down again, almost three straight years
The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).
Indonesia probing allegations of extortion to Freeport-McMoRan by senior officials
The investigation aims to determine whether senior officials tried extorting Freeport’s Indonesian unit in return for letting the company continue to operate in the country.
Lonmin investors approve key $407m rights issue
The move will allow the platinum miner to restructure its debt and, it hopes, weather an ongoing decline of platinum prices.
Gold Fields deciding Ghana’s mine fate, as bullion prices dive
Its Damang mine in Ghana is struggling with current gold prices, the firm said.
Five miners rescued in Tanzania after 41 days trapped underground
They survived by eating roots, cockroaches and frogs, and drinking drips of muddy groundwater.
Ex-Massey Energy CEO’s fate in hands of West Virginia jury
Jurors have begun deliberating the fate of Blankenship, leader of the company that owned the Upper Big Branch mine at the time of a 2010 deadly explosion.
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.
