Petra gets $26m for its South African 29.6-carat blue diamond
Rock was sold to US luxury jeweller Cora International NY through South Africa-based Golden Yellow Diamonds.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Nautilus Minerals goes hard on PNG gov’t over Solwara 1 dispute
The seafloor miner revoked Papua New Guinea’s right to a 30% in its flagship project Solwara 1, and is now seeking undisclosed damages.
Anglo American profit hit by strikes, logs $1.9 billion writedown
"We are not happy," said CEO Mark Cutifani.
Gold sector nightmare not over: price drop forcing them to slash reserves
Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.
Smart helmet detects gas, sends text messages and self-generates SOS alerts… What?
The "Angelhelmet" comes with 10 advanced systems of sensors and communication tools.
Barrick takes massive US$2.8 billion charge on mines, lowers gold reserves
Net loss for the entire year climbed up to a monster $10.37 billion.
US mining fatalities up in 2013, Kentucky tops the list
Kentucky had the most metal/non-metal mining deaths, and West Virgina registered the highest number of coal mining deaths.
Rio’s Walsh delivers: 15% dividend hike on higher than expected second-half profit
The miner has been among the most aggressive cost-cutters and plans to find a further $3 billion in savings this year.
African Barrick reports $781 million annual loss, despite output increase
It also slashed its gold reserves by almost a quarter.
Myanmar’s gold workers call the government to pass mining law
The precarious conditions gold miners face daily have forced them to demand a swiftly approval of regulations.
Brazil delays critical minerals areas auction
The regulator said funding shortfalls prevent it from covering the costs needed to move ahead with the tender process.
