A prolonged slump in the global economy has put pressure on the diamond industry, forcing sellers to grapple with sliding demand, rising inventories and declining prices.

Fortescue Metals (ASX:FMG) has posted a record-breaking 17.8 million tonnes of output for the June quarter, representing a rise of 42%, while its debt volume has also surged, swelling by a billion dollars to hit the USD9 billion mark.

Recent discoveries of rare earth minerals at the bottom of the Pacific Ocean could break China's existing stranglehold on supply of the key raw materials.

Australia's Ambre Energy is being sued by US partner Cloud Peak Energy (NYSE:CLD) for mismanagement of their shared Montana mine, as well as exceeding approved budgets and engaging in "self-dealing transactions"

The opal-mining township of Mintabie, situated on Aboriginal land at the northern edge of South Australia, could become deserted following the introduction of new laws requiring police checks of residents and prohibiting alcohol consumption in households.

As published on their website, Maptek donated 21 licenses of their 3D modeling software “Vulcan” to the Geology Department of the Northwest […]

BHP Billiton (ASE:BHP) has logged a remarkable performance over the past twelve months, with the release of its production report for the year ended 30 June 2012 indicating that the diversified mining giant achieved record results across a broad gamut of operations, and maintained its record-breaking run in iron ore output.

The letter sent to the SEC by Senator Carl Levin, a Michigan democrat, states this type of investment vehicle in copper would also make the market “more susceptible to squeezes and corners by speculators”.

AuRico Gold Inc. (NYSE:AUQ) shed 12% on Tuesday on massive trading volumes, after its preliminary operational results for the second quarter provided a few nasty output surprises and its CEO stepped down.