Lucara gets $69 million from first diamond sale, amid tough market conditions
The star of the show was a 341.9 carat diamond —unveiled in April —, which sold for $20.55 million
Cecilia Jamasmie , Editor-in-Chief
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China just broke silence on gold reserves — first time since 2009
China says its gold reserves increased 57%, which makes it the country with the sixth-largest hoard of the precious metal.
Anglo American to write down up to $4bn on weak commodity prices
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
Planetary Resources’ first spacecraft begins testing asteroid prospecting technology
The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.
Graham Briggs to retire as the CEO of Harmony Gold
A geologist by training, the 62 year old executive has been with the company for 20 years.
Zambia mining industry says new rules to scare investors, deter local processing
The Chamber of Mines wants the government to reconsider its decision to hike corporate income tax rate on mineral processing from 30% to 35%, which came in effect July 1.
Anglo American likely to cut dividend amid commodities collapse
It would be the first time since 2009 that Anglo has to cut dividends.
Alliant Energy to fork out over $7 million on cutting pollution from coal-fired power plants
Spending corresponds to a $1.1 million pollution fine and further $6 million on environmental mitigation projects.
BHP Billiton to take a $2.8 billion write-down on US assets
With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.
Suncor Energy tests use of radio waves instead of water at oil sands
Instead of high-pressure steam, Canada's largest oil and gas producer wants to send radio waves down to heat the bitumen.
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.
