MINING.COM

Global glut pushes Canadian crude down to $52 a barrel, pricing oil sands out of the market

At $52 a barrel how can high-cost bitumen producers compete against Saudi-Arabia pumping oil at the fastest rate in 30 years, the ramp-up in the Bakken and vast new gas supplies all around the world? They can't.

Frik Els | June 26, 2012 | 8:20 pm

Diamonds looking good long because of Western style weddings in China and India

The rapid industrialization of China and India will be good for the diamond business, and in the next decade demand will break through the peak reached in 2006, according to an analyst at Bain & Co.

Michael Allan McCrae | June 26, 2012 | 8:08 pm

Mongolian coal mining stops, drops and …

Mongolian Mining Corp hit a record low today as investors looked at the likelihood of more restrictive investment policies to be implemented after Mongolia's parliamentary elections this week.

Joshua Zapf | June 26, 2012 | 6:31 pm

Robots to ensure high safety standards in Latin American mines

Scientists around the world, including in Canada, are currently developing robots that can anticipate and prevent mining accidents, such as the dramatic entrapment of 33 Chilean miners in the Atacama Desert in 2010.

MINING.COM Staff Writer | June 26, 2012 | 4:18 pm

Diamonds are now your laundry’s best friend

British scientists have discovered that adding small amounts of nanodiamonds - pieces of carbon less than a ten-thousandth of the diameter of a human hair - make powder detergent much more effective at removing dirt and grease.

Cecilia Jamasmie | June 26, 2012 | 3:39 pm

Rockwell Diamonds carat production up 74% in Q1

Canadian Rockwell Diamonds announced its carat production for the first quarter of this year improved by 74% to 6116 carats from the same period last year.

Cecilia Jamasmie | June 26, 2012 | 3:10 pm

Chinese diamond mogul funding Mugabe’s military: report

A Chinese magnate, benefiting from his access to diamonds in Zimbabwe, is reported to have ploughed $100 million into the country’s Central Intelligence Organisation to fund covert operations against Mugabe's political opposition.

Cecilia Jamasmie | June 26, 2012 | 2:46 pm

Ivanhoe Australia cuts 50 jobs to $10 million

Copper and gold focused Ivanhoe Australia announced Tuesday that it will cut 50 jobs from its Queensland operations to save around $10 million.

Cecilia Jamasmie | June 26, 2012 | 1:17 pm

Barrick Gold appoints rival Agnico-Eagle CFO to boost stock price

The world’s largest gold company, Barrick Gold, has rehired a former member of its financial team to fill a senior management spot generated when it dumped former chief executive Aaron Regent in hopes of restoring its stock price.

Cecilia Jamasmie | June 26, 2012 | 12:41 pm

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