Pink diamond sold for $15 million sets US record
A rare nine-carat pink diamond ring belonging to philanthropist and heiress, Huguette Clark, sold for $15 million at a Christie's auction.
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Syria trying to sell gold reserves as sanctions begin to bite – sources
Syria is trying to sell gold reserves to raise revenue as Western and Arab sanctions targeting its central bank and oil exports begin to bite, diplomats and traders said.
British government urges Anglo American and Codelco to reach amicable resolution
Chile's state-owned mining company Codelco, the world's largest copper producer London-based Anglo American (LSE: AAL) should try reaching a negotiated solution to the ongoing dispute about Codelco’s stake in Anglo’s Sur unit, said British ambassador to Chile, Jon Benjamin.
Brazil’s aluminum output went up 3.7% in March
Brazil's aluminum output in March went up 3.7% to 125,000 tonnes, according to the national aluminum association, Abal.
Anglo American Platinum output falls 24%
The world’s largest refined platinum producer Anglo American Platinum (Amplats, AGPPY) says it will hit its full-year production target for 2012, despite a severe fall in production in the first quarter of this year.
Copper prices will hit bottom before rising in latter part of 2012
Copper prices will continue dipping but only until the middle of this year, at which point they should start rising again, according to the latest Thomson Reuters’ GFMS Copper Survey and members of the industry.
Alleged Ponzi scheme rocks Israeli Diamond Exchange
A trader at the Israeli diamond center has been barred from entering the diamond complex in Ramat Gan after allegedly operating a Ponzi scheme. On Wednesday, a $1.3 million lawsuit was filled against him, claiming a 'sting' operation.
Are Google executives and James Cameron planning to mine asteroids?
Speculation is mounting that group of heavy-hitting investors—including filmmaker James Cameron and Google executives Larry Page and Eric Schmidt—may announce next week in Seattle plans to mine asteroids for minerals.
OZ Minerals, Southern Copper shopping for South American mines
US-based Southern Copper and Australia's Oz Minerals are both looking to acquire assets in South America, according to media reports Wednesday.