Potash supply to exceed demand by 2020: report
Worldwide reserves of potash could surpass demand by between 59% to100% by 2020, says the latest report published by Rabobank.
Cecilia Jamasmie , Editor-in-Chief
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$8 billion resource reserve likely to lift Bolivia’s depressed economy
The total value of the copper, silver, indium and manganese reserves discovered by South Korean company Kores in Bolivia last year, may be worth more than $8 billion.
Diamonds are now your laundry’s best friend
British scientists have discovered that adding small amounts of nanodiamonds - pieces of carbon less than a ten-thousandth of the diameter of a human hair - make powder detergent much more effective at removing dirt and grease.
Rockwell Diamonds carat production up 74% in Q1
Canadian Rockwell Diamonds announced its carat production for the first quarter of this year improved by 74% to 6116 carats from the same period last year.
Chinese diamond mogul funding Mugabe’s military: report
A Chinese magnate, benefiting from his access to diamonds in Zimbabwe, is reported to have ploughed $100 million into the country’s Central Intelligence Organisation to fund covert operations against Mugabe's political opposition.
Ivanhoe Australia cuts 50 jobs to $10 million
Copper and gold focused Ivanhoe Australia announced Tuesday that it will cut 50 jobs from its Queensland operations to save around $10 million.
Barrick Gold appoints rival Agnico-Eagle CFO to boost stock price
The world’s largest gold company, Barrick Gold, has rehired a former member of its financial team to fill a senior management spot generated when it dumped former chief executive Aaron Regent in hopes of restoring its stock price.
Coal prices sink again as Chinese storage yards near capacity
Analysts are now saying that the world's second largest economy may not be the "long-term structural importer of thermal coal" suppliers have been betting on.
Rio Tinto makes first coal shipment from Mozambique
Giant miner Rio Tinto said Monday that it has started exporting premium hard coking coal from its Mozambique Benga Mine, its first shipment of 34,000 tons has left the Port of Beira and is bound for an Indian steel mill.
Coeur d’Alene evaluating Argentina mine, offers $350m in senior notes
US-based precious metals producer Coeur d'Alene Mines Corp said Monday it would evaluate strategic and operational alternatives for its silver and gold Martha mine in Argentina to reduce its high operating costs during the rest of the mine’s short expected life.
Regis quits Vault chase, clearing way for Genesis takeover
Genesis is now set to secure the $3.9 billion acquisition of Vault, ending a bidding battle fuelled by record gold prices.