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.

July 18, 2012

Global diamond industry grapples with sliding demand

A prolonged slump in the global economy has put pressure on the diamond industry, forcing sellers to grapple with sliding demand, rising inventories and declining prices.

July 17, 2012

Rio Tinto provides diamond production report

Rough diamond production for the second quarter of 2012 increased 6% from the corresponding period of 2011 due to higher grade ore, but decreased 28 per cent compared with the…

July 17, 2012

Diavik produces 1.79 million carats in Q2

The Diavik diamond mine in Canada produced 1.79 million carats of diamonds in the second quarter of the year, comparable with the figures for the previous year.