Paragon Diamonds sees at least $160m in revenue from Lesotho mines
The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Alberta’s new emissions levy costly — Canadian energy industry
By 2017, large emitters will have to reduce the intensity of greenhouse gases by 20%, while carbon levies will double from $15 a tonne to $30 a tonne.
Rio Tinto sells Murowa diamond mine and leaves Zimbabwe
The company, however, said it remained committed to the diamond industry.
South African commission finds police to blame in Marikana deaths
The commission into the deaths at Lonmin's Marikana platinum mine in August 2012 concluded the plan to quell the massive protest was “defective,” and shouldn't have been executed as such.
China readies to launch yuan gold fix before year-end
While details remain unknown, it is believed the fix would be launched via the Shanghai Gold Exchange, the world's biggest physical bullion exchange.
Adani confirms work halted at controversial coal project by the Great Barrier Reef
But the Indian company said it remains committed to the US$12bn Carmichael project in Queensland, Australia.
BHP cuts another 140 jobs over abandoned Olympic Dam expansion plans
The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.
Iron ore prices hit six-day highs, but rally won’t last say experts
Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.
South African gold sector to table wage offer next week
The companies, which bargain collectively under the country’s Chamber of Mines, are already battling low metal prices and mounting electricity costs amid power outages.
Zambia to slash royalties, reinstate mining tax
The move puts an end to a nearly nine-month standoff that has hit output and profits in Africa’s second largest copper producer.
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.
