According to RBC Capital markets, current price weakness in the diamond sector is likely to continue, most likely into 2013, on the back of slowing growth and discrepancies between rough and polished prices.
A meeting of top South African mining stakeholders is to take place in Midrand involving mining companies, trade unions and government with the intention of finding a consensual way forward for the country's key mining industry.
The world's top copper producer, Chile's Codelco, said on Wednesday its output fell 10 percent in the first quarter from a year earlier to 373,000 tonnes, but said it was on target to produce 1.708 million tonnes this year.
A recent turn of events in an escalating fight between Baja Mining and dissident shareholder, Mount Kellett Capital Management, might seem to share a little of the plot from William Shakespeare's Julius Caesar: Faithful directors once opposed to this very dissident group that has demanded a shakeup of management and directors suddenly cross the line to support the very force trying to oust incumbents to which they were once loyal.
In a new prefeasibility study Sunridge Gold pulled four deposits together into a single mining scenario at its Asmara copper-zinc project in Eritrea for the first time, giving it added minelife and net present value.
Avanti Mining (TSX-V: AVT) put legs under its business plan to sell a silver stream from its Kitsault molybdenum project in BC, Canada, outlining results of metallurgical tests that show it could recover substantial amounts of silver in a lead-silver concentrate with few modifications to its proposed processing circuit.