Cecilia Jamasmie , Editor-in-Chief

Japan to subsidize underwater rare earth venture

Tokyo’s new governor, Naoki Inose, announced the city would subsidize companies joining a project to mine rare earth elements from the seabed off Minami-Torishima Island, to the southeast of Tokyo.

Cecilia Jamasmie | December 19, 2012 | 6:12 pm

Russian Alrosa renews rough supply contract with Rosy Blue

The company recently closed another deal worth nearly $60 million with U.S jewellery giant Tiffany.

Cecilia Jamasmie | December 19, 2012 | 4:36 pm

Vale will pay $232 million in taxes to Switzerland

Brazilian miner Vale SA (NYSE:VALE) said Wednesday its fourth-quarter results would suffer after the company decided to settle a case of alleged tax evasion with Swiss authorities.

Cecilia Jamasmie | December 19, 2012 | 3:55 pm

Canadian miner won’t replace Chinese workers until 2026

HD Mining, the Vancouver-based company that in early October sparked controversy and legal actions with its plan to bring up to 2,000 Chinese miners for its proposed $300 million coal mine, won’t replace all of its foreign workers by Canadians at least until 2026.

Cecilia Jamasmie | December 19, 2012 | 2:33 pm

Gold prices dive

Gold prices dived Tuesday to 1,684/oz at 12:15 ET as fiscal cliff talks continued ahead of the holiday week.

Cecilia Jamasmie | December 18, 2012 | 5:28 pm

DiamondCorp surges on funding news for South African mine

Shares in DiamondCorp (LON:DCP) climbed 13% after the company announced it has put in place what it called “the final piece in the funding jigsaw” for its Lace Mine in South Africa.

Cecilia Jamasmie | December 18, 2012 | 4:31 pm

Silver extremely low because of paper market — Embry

Sprott Asset Management's chief investment strategist, John Embry, said Tuesday that with China's silver demand rising sharply and money printing to infinity being Western central bank policy, silver's price remains ridiculously low on account of paper market games.

Cecilia Jamasmie | December 18, 2012 | 3:48 pm

Coal to challenge oil as main source of energy by 2017

Coal is likely to overtake oil as the world's main source of energy in the next five years, with potentially devastating effects in the environment, says the International Energy Agency (IEA).

Cecilia Jamasmie | December 18, 2012 | 2:55 pm

Nearly 90 pieces of gold and silver found in English historical site

About 90 new pieces of gold and silver have been discovered in the field close to Lichfield, in Staffordshire, England, where the Staffordshire Hoard of Anglo-Saxon treasure was found three years ago.

Cecilia Jamasmie | December 18, 2012 | 2:35 pm

Centamin’s stock recovers as gold export resumes

Shares in London and Toronto-listed Centamin (LON:CEY, TSX:CEE) surged 26% to 43.95p on Monday after the miner announced it had resumed exports from its flagship Sukari gold mine in Egypt.

Cecilia Jamasmie | December 18, 2012 | 12:46 pm

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