September 21, 2011

London diamond sorting, sales moved to Botswana

Botswana aims to transform itself into an international hub of the world diamond industry, boosted by a deal in which the De Beers mining and sales empire will transfer the…

September 21, 2011

BHP chief’s pay rises to $US11.6 million

BHP Billiton chief executive Marius Kloppers’s annual pay grew by 8.5 per cent in the last financial year, to $US11.6 million ($11.37 million). The pay rise (in US dollars) came…

September 20, 2011

Rio Tinto senses a shift in mood

Despite order books that are full and robust commodity prices, Rio Tinto says that customer sentiment is now more cautious and physical markets are softer than they were six months…

September 20, 2011

Rough diamond demand growth to hit record this year

Diamond producer De Beers expects global demand growth for rough diamonds to set a new record this year on the exceptionally strong performance of its key US market and robust…

September 19, 2011

Firestone Diamonds’ Kenny remains confident despite disappointing diamond sales

The diamond market has been dealt a blow by the recent economic turmoil. However now’s not the time to hit the panic button, according to Firestone Diamonds ( LON:FDI )…

September 18, 2011

Record $8.5 billion likely spent in 2011 exploring for gold

Research firm Metals Economics Group reports gold continues to be top exploration target accounting for more than 50% of global exploration of non-ferrous metals for the second consecutive year in…

September 18, 2011

Industry must live with tax: Rio Tinto

The Daily Mercury reports Rio Tinto executive director Sam Walsh says the mining industry has to live with the new resources tax as the best deal that could be done…

September 16, 2011

Mbada overtakes Murowa as Zimbabwe’s biggest producer

Mbada Mines (Pvt) Ltd, which operates in Zimbabwe's Marange diamond area, is producing more than 150,000 carats a month, surpassing Rio Tinto's Murowa mine as the country's largest diamond producer,…

September 16, 2011

Western Africa sees $36.2 billion mining rush, an Industrial Info News Alert (MRW)

SUGAR LAND, TX -- (MARKET WIRE) -- 09/16/11 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- The international commodities boom, fueled by Asia's growing economies, has caused a…

September 16, 2011

De Beers inks new 10-year deal with Botswana

Diamond producer De Beers said on Friday it had signed a new 10-year contract for the sorting, vaulting and sales of the diamond production of Debswana, its joint venture with…