Petra buys South Africa’s second largest diamond mine from De Beers
Petra Diamonds is to buy De Beers' major Finsch Diamond Mine as a going concern for a consideration of R1.425 billion (approximately US$ 210 million) in cash.
Latest Stories
China to continue and update 2011 rare earths quotas-Commerce Ministry
Chinese officials say the country will continue with rare earth exports and are still pondering 2011 rare earth export quotas, but promise […]
Rockwell to restart Ventersdorp diamond operation
Loss-making alluvial diamond junior Rockwell will recommission its impressive rebuilt Tirisano diamond plant near Ventersdorp in March, which will boost crucial volumes […]
Adriana to form JV with Wisco on Quebec project
In yet another deal involving a Canadian iron-ore firm, junior Adriana Resources announced on Monday evening that it has signed a binding […]
Collahuasi says port repair to take 3 months
Chile’s Collahuasi copper mine said on Tuesday repairs to a damaged shiploader at its Patache port would take around three months, as […]
European Nickel top two execs quit; Caldag ops doubtful
European Nickel said its chairman and deputy chairman will step down, a month after the UK-based miner suspended work at its flagship […]
Avalanche threat, port constraints to affect Teck’s Q1 coal sales
Vancouver-based Teck Resources warned on Wednesday that difficult weather conditions and rail and port disruptions in British Columbia will likely have a […]
Cargill puts potash assets into play
Agribusiness giant Cargill Inc. is spinning off its majority stake in fertilizer producer Mosaic (MOS-N72.47-3.68-4.83%) setting the stage for another potential takeover battle over prized Saskatchewan […]
Platinum, palladium glitter on Chinese demand
CommodityOnline reports that along with gold and silver bullion, the prices of platinum and palladium have been on an upswing, driven by […]
