Gem Diamonds expects prices to keep rising
Rough diamond prices were expected to continue climbing “across the market” this year, London-listed Gem Diamonds said on Monday.
Cecilia Jamasmie , Editor-in-Chief
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Anglo American faces new obstructions to Minas Rio
Anglo American has halted preliminary work for installation of a power line at its Minas Rio iron ore project in Brazil, following a judge's decision to suspend the installation license for the line.
Kinder Morgan goes ahead with its $5 billion pipeline expansion to Vancouver
Kinder Morgan (NYSE: KMP) is going ahead with its planned $5 billion expansion of the Trans Mountain pipeline in Canada, which brings crude oil from the Alberta oil sands to Vancouver’s port.
NovaGold profit tumbles to $16.8 million but on track with sale of Galore Creek stake
Canadian NovaGold Resources Inc. (TSX:NG) said its net income fell to $16.8 million in the first quarter pushed by the elimination of foreign exchange gains because of a new arrangement with warrant holders.
Doe Run Peru to be liquidated after rejected restructuring of La Oroya smelter
Metals producer Doe Run Peru’s creditors rejected a restructuring plan the company presented with a view to restarting operations at the La Oroya smelter, said in a statement the Energy and Mines Ministry, Jorge Merino Tafur.
Melting Arctic is nothing but good news for the mining industry: Lloyd’s/Chatham House
The melting ice cap in the Arctic sea could open up access to immense mineral reserves, attracting billions of dollars in investment, but also bringing with it unique risks and challenges, says Lloyd’s/Chatham House latest Risk Insight report.
Minerals Council of Australia restarts anti tax ad campaign
The Minerals Council of Australia (MCA) resumed today an ad campaign initially launched in July last year, attacking alleged hikes on the federal government's mining and carbon taxes.
Indonesia not only wants to own foreign mining co’s, now it will impose higher taxes on them too
Indonesia wants to have its mining cake and eat it too, as the country, one of the world's largest exporters of copper and coal, will speed up a tax on mining exports, the industry minister Mohamad S. Hidayat told Reuters today.
Canadian Eldorado’s gold production keeps growing
Canadian miner Eldorado Gold (TSX:ELD) (NYSE:EGO), which recently closed its acquisition of European Goldfields, expects its yearly gold production to touch 1.7 million ounces within five years as it brings new mines into production.
Chile’s biggest steel and iron-ore producer to invest US$700 million this year
Chile's Compañía de Acero del Pacífico (CAP) will invest nearly US$700 million this year to develop its iron ore projects in the country, president Roberto de Andraca told reporters attending Expomin, one of the world's most important mining exhibitions, in Santiago.
Wheaton lands $4.3B BHP silver stream, enters Australia
Major deals in Peru and Australia expand production reach and secure long-term precious metals supply streams.