Gem Diamonds expects prices to keep rising
Rough diamond prices were expected to continue climbing “across the market” this year, London-listed Gem Diamonds said on Monday.
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Anglo American faces new obstructions to Minas Rio
Anglo American has halted preliminary work for installation of a power line at its Minas Rio iron ore project in Brazil, following a judge's decision to suspend the installation license for the line.
Xstrata Turns Former Mine into Training Facility
Xstrata is using former coal mine Baal Bone as a training facility for underground miners, reports Australian Mining.
Mark Bulkeley, Xstrata Coal's Baal Bone health safety and training manager, said the first group of 12 trainees graduated a few weeks ago and are already working at the Ulan West mine. "The feedback we've received from them is that the Baal Bone training facility enabled them to have a better understanding and knowledge before going into production," Bulkeley said.
The meek shall inherit the earth, but not its mineral rights: Meet mining’s 40 richest billionaires
MINING.com counts more than 90 billionaires involved in minerals, metals and mining on the planet with a combined wealth of well over $300 billion.
Codelco buys in copper to meet deliveries
The world's largest copper miner has been forced to buy from other miners and traders to meet its deliveries to customers, a rare move that underscores how the mining industry is struggling to lift output to meet demand for the red metal.
Private equity firm KKR plans to create diamond giant from BHP, Rio units
Private equity firm Kohlberg Kravis Roberts & Co. wants to buy the diamond mining operations of BHP Billiton Ltd. and Rio Tinto PLC and merge them to create a challenger to the two diamond industry leaders De Beers and Alrosa, reports The Sunday Times.
2012 Mining Billionaires: #1 Eike Batista
Brazil's Eike Batista is the world of mining's top entrepreneur with a net worth of $32 billion.
2012 Mining Billionaires: #2 Gina Rinehart
Australia's ruler of iron ore, coal and the family trust
2012 Mining Billionaires: #4 Gina Rinehart
Australia's ruler of iron ore, coal and the family trust.