Why are Rio and BHP killing off their diamond divisions when demand is forecast to double by 2020?
The profit margin for diamonds is a far cry from 70% enjoyed by the mining giants' iron ore divisions.
Latest Stories
Barrick Gold’s Porgera mine resumes operations
Operations at Barrick's Porgera open pit gold mine, in Papua New Guinea, resumed this morning after the government decided to send troops to the site last week, under a troop call-out order from 2009 still in effect.
African Barrick Gold hikes Tanzanian Nyanzaga resource
London-listed African Barrick Gold (LON:ABG) reported increasing confidence in its Nyanzaga project, in Tanzania and said that the project has the potential to become its next mine in the country.
HudBay says Constancia copper mine will cost $1.5 billion
Canadian base-metals miner Hudbay Minerals (TSX:HBM)(NYSE:HBM), rose the capital cost estimated of its giant Constancia copper project in Peru by about 50% to $1.5 billion, mentioning both scope changes and inflation as reasons.
Download MINING.com’s iPhone app
Download our newly launched MINING.com app, available in the iPhone app store. You will be able to look up top news, news […]
Download MINING.com’s iPhone app
Download our newly launched MINING.com app, available in the iPhone app store. You will be able to look up top news, news […]
C$25 billion to improve Canada’s Asian trading opportunities
Christy Clark, the Premier of Canada’s British Columbia unveiled details of a C$25 billion public and private sector plan to expand trade with Asia, by improving the province's transportation system.
Race on to dig new zinc mines as old ones run dry
With experts saying zinc could be in deficit by 2017 if not earlier, miners from Australia to Africa to the European Union are racing against time to attract investment in new projects.
Miners have fun on April Fools
There were news reports on April 1 about a Charlize Theron sex tape and WestJet kid-free flights that all turned out—unfortunately—not to be true.
