October 7, 2013

Egg-sized ‘perfect’ white diamond fetches record $30.8 million in Hong Kong

The previous record for a perfect white diamond was set by Christie’s 101.73-carat gem, sold for almost $27 million in May.

October 4, 2013

Russia seizes 57,000 diamonds and gemstones from accused official

The ex-defence official is accused of 12 counts of corruption.

October 4, 2013

Firestone revenue jumps 52%

Focuses on ramping up producing in Lesotho, with goal of over one million carats per year.

October 4, 2013

Belo Sun ups gold estimate at flagship project in Brazil

Measured and indicated pit constrained mineral resources now stand at 5.1 million ounces of gold, up almost 10% from a previous estimate.

October 4, 2013

Done deal: Rio sells mothballed Blair Athol coal mine to Linc Energy

Acquisition comes a day after Linc said it wants to get de-listed from the Australian market to re-list it in Singapore, in hopes of luring Asian investors.

October 2, 2013

Brazil Minerals posts 84% jump in diamond sales

Its diamond and gold processing plant is the largest of its type in Latin America.

October 2, 2013

Rio Tinto to sell closed Blair Athol coal mine

Talks with Linc Energy Ltd are said to be at an advanced stage and an agreement may be announced as soon as tomorrow.

October 2, 2013

Russia slashes stake in top diamond miner Alrosa, set it for $1.6-bn float

Alrosa’s shares took off on the news, adding as much as 9% Wednesday, the highest level since December 2011.

October 1, 2013

Namibia diamond miner’s extraordinary tax burden

55% tax rate and 10% royalty on turnover makes life difficult for marine miner Namdeb.

September 30, 2013

39% of Canada’s mining executives will retire within 5 years

And only 22% of companies have any sort of succession plan in place.