Rio Tinto coal mining cull claims new victims
Rio Tinto is cutting even more coal mining jobs in Australia as the miner is struggling with a dramatic plunge in coal prices and a high Australian dollar.
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Diamond prices may be poised for recovery
It has been a challenging year in the diamond market, with prices for rough stones dropping about 20%. But RBC Capital Markets analyst Des Kilalea sees some “green shoots” that suggest a turnaround may be in sight.
Blood Diamonds of ore: GE takes on conflict minerals
GE is one of 30 companies participating in a pilot program to implement guidelines on conflict minerals due diligence developed by the Organisation for Economic Co-operation and Development (OECD).
General Electric unveils global mining industry business unit
GE Transportation, a unit of diversified conglomerate General Electric Company (NYSE:GE) launched Monday its newest business unit, GE Mining, which will be based out of Brisbane, Australia.
Record surge of mining claims in western Canada
An exceptional number of mineral claims have been filed in British Columbia, Canada, over the last three years and more than 11,000 were filed in the first seven months of 2012.
Norsk Hydro sells aluminum remelt plant in Taiwan
Norwegian Norsk Hydro, one of the world's top aluminum producers, is selling its aluminum remelt plant in Taiwan to Ting Sin Metal Co. Ltd for an unrevealed amount, the company said in a statement on Monday.
Petra Diamonds expects 30% production surge next year
Africa-focused diamond miner Petra Diamonds (LSX:PDL) expects production for the year ending June 2013 to rise by around 30%.
Silver set for sustained upleg following 30% gain since July
Analysts argue that silver is set for a sustained rise following a 30% surge since July.
‘Culture of cover-ups’ leads to Australia’s most lethal mines
A "culture of cover-ups" has led to a fatality rate for mines in mineral-rich Western Australia which is three times greater than that of any other Australian state.
