The Bunder project will be one of the only four diamond mines to be operational over the next decade.

Its chairman Bob Kamandanu decided to step down only weeks ahead of a vote proposed by largest shareholder Samin Tan to replace most directors and take the reins at the company.

An open pit operation with 170 workers.

Proceeds will be used for debt reduction and "general corporate purposes."

Ivanhoe Mines  (TSE:IVN) received a bit of unwanted publicity on Sunday when it was revealed that the wife of CEO Lars-Eric Johansson is facing criminal charges for throwing a water bottle at a flight attendant on an Air Canada flight.

The street was expecting 50-80 million pounds.

Across the board gains with even heavily criticized Barrick going positive as gold price build on gains.

John emphasizes the belief that this period parallels the mid-70s bull market correction, and when asked about the depth of the current sell-off, noted that, “I don’t think I’ve ever seen, in the 40 plus years I’ve been following the sector, the shares cheaper in relation to the price of bullion as they are now.”

More than half the employees at Murray River coal mine be temporary foreign workers in 2018.