Pink diamond gets $32 million, Patek sets Asian record
The oval stone, set in a ring embellished with smaller diamonds, sold after a three-minute contest. It was estimated to sell for as much as $42 million.
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Indonesia expects 2018 deal with Freeport on giant copper mine
Indonesia expects to conclude deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of Grasberg mine.
Rubicon Minerals consolidates McCuaig, adding to its substantial exploration properties in Red Lake, Ontario, Canada
The Company currently has a 60% interest in McCuaig and, upon closing of the transaction, will have a 100% interest.
Two women to lead Australian iron ore mining company
As soon as the new year kicks off, Fortescue Metals Group will be led by new CEO Elizabeth Gaines and her right hand Julie Shuttleworth.
Lumina Gold raises $20M to advance projects in Ecuador
Originally planned to raise $15M.
Dominican Republic presents Extractive Industries Transparency Initiative report
The country's reserves have been estimated at $60 billion for metallic and 40 billion for non-metallic resources.
Gold production will grow in coming years: BMI
The business intelligence firm says output will pick up, supported by higher gold prices and solid projects in key countries.
Canadian miners want to launch clean resources supercluster
They hope to receive $200 million in government funding.
Robots will run mines within the next decade, Anglo says
Anglo is betting on technology, such as computerized drills, to increase productivity, cut costs and reduce environmental impact.
