Petra Diamonds may breach debt covenants on troubles in Tanzania
The Africa-focused diamond miner said that would likely happen unless it solves its issues with the government of Tanzania.
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Botswana seeks option to buy unusually big diamonds from its mines
Draft bill gives government first option to buy unusually large diamonds found in the country's mines, such as the world's second-biggest 1,109 carat diamond discovered by Lucara two years ago.
Kinross Gold to spend $1bn to expand Mauritania, Nevada mines
Projects aim at boosting output and lowering costs.
Iron ore price drops as Chinese steel begins to pile up
Chinese steelmakers are producing at record rates before mandated cuts in winter which could result in a steep drop-off in iron ore demand later this year.
Gold miners seek safety as political risks rise
Canadian miner Eldorado Gold Corp's threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries.
AngloGold a step closer to selling loss-making Kopanang mine in S. Africa
The decision to offload the asset is part of a restructuring process that includes laying off about 8,500 workers, roughly 30% of the company’s workforce.
Rio Tinto’s chief financial officer Chris Lynch to retire in 2018
He joined the company's board in September 2011 and was appointed chief financial officer in April 2013.
Greece tries making peace with Eldorado, grants final permits for Olympias
While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.
Gold price rebounds as ETF investors pile in
And on futures markets hedge fund bulls now outnumber bears by a ratio of 20 to 1 – the highest since 2012.
