India diamond merchant boss gives 500 cars, 200 apts to employees
He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.
Cecilia Jamasmie , Editor-in-Chief
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Russian diamond giant Alrosa Q3 output falls
The miner's total diamond production for the quarter reached 9.7 million carats, slightly down from 9.9 million carats in the same period last year.
China sets tougher restrictions on illegal mining, exporting of rare earths
Beijing has launched a five-month campaign that aims to finally crackdown on illegal extraction and smuggling of the coveted elements.
Polish coal miner slashes production forecast amid restructuring
Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.
Hundreds strike at Glencore’s coal mine in South Africa
Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.
TECO Energy sells coal subsidiary for $170 million
The sale price includes future payments of $50 million if certain coal benchmark prices reach specified levels over the next five years.
Peabody swings to loss as coal prices plunge
While coal sales have shown some signs of a rebound, low natural-gas prices continue to pressure the fossil fuel demand and pricing.
One of these five companies will run the gold fix
Broker Autilla Ltd (Sapient), the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental Exchange, the London Metal Exchange and broker ICAP's online platform EBS will present their proposals this Friday.
Mining investment in Kazakhstan to reach $30bn by 2017
The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.
Chilean authorities divided over Goldcorp’s $3.9bn El Morro mine
The country’s environmental authority criticized the Top Court decision saying the miner conducted proper consultation with local indigenous groups and shouldn’t have to do it again.
China’s rare earth clampdown backfired: CSIS analyst
Beijing’s export restrictions united allies to build alternative supply chains, weakening China’s long-term leverage.