Botswana Diamond exports $353 Million in June
Leading diamond producer and budding diamond center Botswana exported $352.6 million worth of rough and polished diamonds in June bringing half-year exports […]
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Mexico’s record gold production takes it closer to bullion superpower status
Mexico may not be breaking records at London’s Olympic Games, but back home it is scoring big. On Monday, the Mexican Chamber of Mining announced the country hit a new record in gold production in 2011.
From women’s fingers to fingernails: Jeweller launches $250k black diamonds-based nail polisher
Hollywood-based jewellery company Azature, has started selling a $250,000 nail polish containing 267 carats of black diamonds.
Barrick pursuing acquisitions despite operations and projects review
Barrick Gold, the world’s largest producer of the precious metal, said it would continue to pursue acquisition opportunities despite the full review of its operations.
Xstrata to create world’s biggest zinc mine
Xstrata has approved a $360 million expansion for its McArthur River mine in Australia’s Northern Territory which will make the project the largest producer of zinc in the world.
AngloGold Ashanti’s Latin America profit plunges 52%
AngloGold Ashanti's, the world’s third-largest gold producer, reported that profits from its Latin American operations dropped 52% from $92 million to $48 in the second quarter of this year.
Is this why the call it the devil’s metal? Outcome of CFTC silver price rigging probe murkier than ever
On Monday conflicting reports about the outcome of a four-year old probe into possible price manipulation of silver left investors perplexed about the future trading direction of the precious metal.
Photos: Iran coal miners toiling for $15 a day
The miners work at a depth of 300 meters in two shifts of 6 hours per day and are hired on a contract basis for 400,000 tomans (about $200) per month
AngloGold Ashanti wants to buy more small miners
AngloGold’s completion of five small, but high-value-yielding acquisitions over the past four years was expected to add about 700 000 oz/y to its production profile at about two-thirds of the cost its competitors would pay to build new assets.
