Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world's top exporter of thermal coal and tin.

Japan imported $72.3 million worth of polished diamonds in January, starting the year with a decline compared to January and signaling the end of a nine-month long rise in diamond demand.

Anglo American (LON:AAL) can officially take over De Beers as the European Commission granted the global miner authorization to proceed with its acquisition of the world's biggest diamond company, announced in November.

New York Times reported that unmanned drones are finding applications in a variety of fields, such as mapping, surveillance and even construction work.

We have already taken a look at the Aggregate Compensation Report on Wages in a previous blog article.

Queensland base metal miner, Kagara Mining, said 130 of its staff were becoming redundant after the company posted an A$48.9 million loss in the first half of its financial year.

In Latin America the decade-long bull run for mining and hydrocarbons is mostly behind us, according to Jason Press, a regional specialist analyzing equities for Citigroup.

South Australia’s mineral resources and energy minister, Tom Koutsantonis, said he was confident BHP Billiton will proceed with developing the uranium Olympic Dam open-pit mine, despite the project will cost billions of dollars, reports Reuters.

MONACO, March 6, 2012 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to announce it has entered into a definitive agreement with Resolute Mining Limited ("Resolute") (ASX:RSG) for the sale and transfer of its 40% interest in the licenses and associated property comprising the Finkolo Joint Venture (the "Finkolo JV") in Mali for total consideration of $20 million in cash.