July 23, 2012

Zimbabwe announces complete nationalization of country’s diamonds

The Zimbabwe government has announced plans to implement total nationalization of the country's diamond industry.

July 22, 2012

Shore Gold waiting on financial partner

Shore Gold has spent the last decade working to prove the diamond mine is feasible, but the exploration company has a long road ahead before the precious stones will be…

July 21, 2012

China’s Bosai Minerals Group ponders leaving Guyana due to hostility

Chinese producer of bauxite Bosai Minerals Group halted its operations in Guyana on Friday due to violent protests against the miner that left at least three deaths on Wednesday, said…

July 21, 2012

No signs of the mining boom ending for Australia any time soon: studies

There is no end on sight to the mining boom in Australia, a country which mineral resources sector value is expected to reach $122.6 billion by 2016, growing at an…

July 21, 2012

Congo probe into mining companies’ disappearing tax payments

The Democratic Republic of the Congo's new prime minister has ordered an investigation into the nation's mining industry after a damning report by an international watchdog found tens of millions…

July 20, 2012

De Beers’ profit down 53%; Venetia expansion still going ahead

Profit for De Beers, the world's number two diamond producer after Russia's Alrosa, is down 53% for the first half of 2012 affected by worries over consumer demand and shortage…

July 19, 2012

Kennady Diamonds up 7% after kimberlite find

Kennady Diamonds Inc. (TSX-V: KDI) added 7% on Thursday after announcing the first new kimberlite discovery at the its 100%-owned Kennady North diamond project in Canada's Northwest Territories.

July 19, 2012

Depressed coal prices force job cuts at Rio Tinto’s mine

Rio Tinto (LON:RIO) is looking to reduce costs at its Australia’s Clermont Coal Mine, in central Queensland's Bowen Basin, driven by falling coal prices.

July 19, 2012

Credit Suisse boosts mining division by luring Morgan Stanley’s top expert

Credit Suisse announced Wednesday it recruited David Hammond, the well-known mining banker from Morgan Stanley, to head up the mining and metals efforts of the Swiss bank worldwide.

July 18, 2012

Diamonds North and Uranium North acquire gold property in Washington State, exploration is underway

The two companies have acquired the Pierre Creek gold property approximately 70 km west of the high grade gold-silver Buckhorn Deposit.