Washington buys Dominion Diamond for $1.2bn as investors ok sale
Transaction gives the US-based buyer full ownership of Canada’s Ekati diamond mine and a 40% stake in Diavik, which is operated by Rio Tinto.
Latest Stories
Stellar Diamonds seeks to fund first post-Ebola mine in Sierra Leone
The operation would be second biggest diamond mine in Sierra Leone.
Philippines delays environment minister nomination approval over mining woes
Former minister Lopez had to leave the post after the same legislative panel that delayed Cimatu’s confirmation rejected her appointment.
Glencore strikes multi-year purchase deal with Angola LNG
Angola LNG said the deal was another step toward building its sales book with the most important players in the LNG market.
Giant Peru copper project attracts first bidder
Peru is auctioning off the $2 billion Michiquillay copper project in the northern region of Cajamarca on November 15.
Iron ore price drops through $70
Now Australia's central bank wades into debate about the direction of the iron ore price.
Brazil mining reform is raising costs for industry – Vale exec
Mining reforms in Brazil are raising the cost of operating without generating increased interest in investing in the sector, an executive for world's largest iron ore producer Vale said on Monday.
South Africa labour disputes drag Petra Diamonds shares down
Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.
Liebherr supplies a bearing for the world’s largest compact bucket wheel excavator
The group's Components Division has produced the largest non-segmented large diameter bearing ever manufactured by Liebherr. The roller bearing slewing ring is intended for use in a compact bucket wheel excavator.
