Firestone Diamonds sells $5.1 million in two months
The company sold a total of 63,991 carats of rough gems in October and November.
Cecilia Jamasmie , Editor-in-Chief
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Anglo Asian signs copper sales contract with Glencore
Under the terms of the sales agreement, Glencore will purchase 250 wet metric tonnes (WMT) per month of copper concentrate product.
SEC endorses JPMorgan copper ETF
The resolution makes it easier for the U.S. bank to launch its product.
Botswana Diamonds detects 13 new diamond targets
Botswana Diamonds, the Diamond exploration company, has identified 13 specific sites in the north east of Botswana believed to contain diamond kimberlites.
Vale to pay Brazil $674 million in mining taxes
Mining giant Vale (NYSE:VALE) has started paying the Brazilian government $674 million ($1.4 billion real) in a dispute over mining royalties.
Molycorp shares dive as CEO quits and firm faces investigation
Shares of rare earth miner Molycorp were falling Thursday morning as the company’s president and chief executive, Mark Smith, left without explanation and the company revealed it was under investigation from the United States SEC.
Major management reshuffle at Centerra Gold
Two of its senior executives are retiring in February next year.
Colombian armed rebels tighten control over gold mining
Mining, not drugs, main income source for the revolutionary groups in Colombia.
Top fashion bloggers choose top 5 diamond engagement rings
In an original approach to social media marketing, De Beers invited five top international bloggers to its stores in London and New York to pick out which it would be their dream engagement ring.
Taseko Mines weathers multiple storms
Canadian Taseko Mines (TSE:TKO) is having a rocky end of the year as workers threaten with a strike at the company’s copper-molybdenum Gibraltar mine, in British Columbia, and First Nation representatives are calling the company to “stop wasting everyone’s time” and withdraw the controversial New Prosperity mine project proposal, also in B.C.
First Quantum credit outlook improves on Cobre Panama progress
S&P has revised the miner’s rating to positive from negative on improved liquidity and a likely 2026 restart of its key copper mine.
