BHP yields to pressure and low prices, halts iron ore expansion
The company has become the first big miner to delay a planned output expansion.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Over 240 mining and energy projects waiting for investors in Cuba
Cuba, the world’s sixth largest nickel producer and one of the top 10 nickel mining countries, also holds significant deposits of other minerals and oil, new U.S. Geological Survey report shows.
China expands stake in Russian potash miner Uralkali
Two Chinese banks are among the eight institutions that have provided Uralkali a $530 million loan.
Lucara Diamond unearths 342-carat rock at its mine in Botswana
The gem will be sold along with two other greater than 100 carat diamonds, also recovered at Lucara's Karowe mine.
Rio Tinto iron ore output up again, but exports fall
The miner shipped 72.5m tonnes in the quarter, up 9% from a year earlier but down 12% sequentially.
Russia’s Alrosa diamonds output up 6% in Q1
The miner also said that revenue from rough diamond sales was set to reach at least $1.1 billion, even though its first-quarter rough diamond prices dropped by 3%.
Scientists reveal diamond bearing rocks more common than originally thought
A team of Australian scientists have, for the first time, identified the exact source of diamond-bearing rocks known as orangeites.
It’s official: Zambia scales back mining royalties to 9%
The announced changes will be effective on July 1, once parliament has approved them.
‘Perfect’ 100-carat diamond goes under Sotheby’s hammer
The flawless, 100-carat diamond could fetch up to $25 million when it goes under Sotheby's hammer in New York on Tuesday
Irish Kenmare sends S. African miners in Mozambique home over xenophobia
The decision follows a similar move by Sasol, which repatriated Friday 340 of its employees working on projects in the Southeast Africa nation for their own safety.
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.
