Diamond crisis deepens as De Beers reports plunging sales
RBC Capital Markets expects profit will fall by about 40% this year at De Beers.
Latest Stories
Canada’s Fortune Minerals scales back mine on weak cobalt
The company says current weak prices for cobalt don't justify expanding daily throughput to 6,000 tonnes from 4,650 tonnes at its proposed Nico project.
Iamgold denies Rosebel mine halt, continues ramping up operations
Operations were suspended for security reasons in early August after an incident involving police left an artisanal miner dead and some equipment damaged.
Centamin’s CEO to leave after challenging year for the company
Andrew Pardey, who joined the company 12 years ago as general manager, will stay at the post for a year while the company looks for a new boss.
Royal Road signs deal that helps formalize Colombian artisanal miners
The New Jersey-based firm signed a series of agreements with a company that represents the interests of informal miners at the El Gualtal gold mine.
Researchers in Canada develop million-mile lithium-ion battery
If it reaches commercial production, the battery could make Tesla's robot taxis and long-haul electric trucks viable.
Pit wall collapses at Avesoro’s New Liberty mine in Liberia
Production volumes will be reduced "for some time", the company said.
Vale expects to mostly finish paying for burst dam by 2021
In securities filings, Vale projected costs from halted operations related to its dam that burst to fall from $3-$4 per tonne of iron ore in the third quarter to $2.5-$3.5 per tonne in the fourth quarter.
Marathon advances Valentine toward prefeasibility
An updated resource estimate for Valentine is slated for the fourth quarter.
