May 25, 2015

Alrosa unearths 78.02-carat diamond from its Mir mine

According to the company, the gem is estimated is worth more than $600,000 if put on auction.

May 25, 2015

Canada’s Territories hold massive shale oil reserves similar to US Bakken field

Energy regulator says it holds as much as 200 billion barrels of shale oil reserves, comparable to North Dakota’s thriving Bakken field.

May 20, 2015

EU lawmakers surprise with vote on ‘blood metals’ ban

The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.

May 15, 2015

S. Africa chamber of mines refutes Govt. data, says members meet black ownership targets

Saying that just over 20% of miners had met the black economic empowerment criteria is to tun a blind eye to the progress members have made so far, claims the…

May 13, 2015

Israel Diamond Exchange issues announcement following GIA Lab Alert on undisclosed treated diamonds

Concern about reported suspicions that traders have distributed close to 500 high-quality, treated polished diamonds in the Israeli diamond trade without disclosure

May 13, 2015

Giving up on iron ore best option for Anglo American — Investec

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

May 12, 2015

De Beers paid only $226 in royalties for its Ontario mine last year— report

The thrifty amount compares to the almost $3.9 billion the government of Ontario received from the salt sector in the same period.

May 11, 2015

World Bank grants Tanzania $45 million to improve mining sector

Africa's No.4 gold producer is also rich in coal, uranium, diamonds, emeralds, rubies and sapphires.

May 7, 2015

Capacity development critical to sustaining economic growth in Africa

Prices of commodities are expected to remain high and to be a key driver of African growth over the next few years

May 6, 2015

Would Palladium replace gold as engagement rings choice of metal?

Gold has concentrated lots of interest in the past 6-7 years due to the economic crisis.