Lucapa to invest $7 million upgrading Lulo diamond mine in Angola
The mine hosts type-2a diamonds which account for less than 1% of global supply.
Latest Stories
KGHM delays expansion of flagship mine in Chile, shares jump
Shares in Europe's second-largest copper producer jumped as much as 4.7% on Monday after posting earnings at overseas units that helped the Polish miner beat analysts estimates for the first-quarter profit.
Gold: Have your cake and eat it too
Investors love leverage.
Iron ore keeps dropping
Supply-demand fundamentals for iron ore appear to be moving back to balance amid steel supply concerns and after Chinese stock market regulators announced more steps to discourage speculative trading in the steelmaking commodity.
Platinum and palladium markets to go into deficit in 2016: GFMS
GFMS forecasts the platinum market will return to a small deficit in 2016 and the deficit in palladium will deepen.
Gold demand just had a major growth spurt
Negative interest rates and slow growth have fuelled investors' demand for gold in record-breaking fashion.
Five years on, BC mining industry still struggling
This year marks the fifth year B.C. mining has struggled through low commodity prices, and both capital spending and revenues continue to decline, according to a PwC report on the industry.
Thailand to shut largest gold mine on environment concerns
Thailand will shutter its largest gold mine by the end of the year after the government said concern the project was damaging the environment and sickening workers outweighed its economic benefit.
South African mining production plummets 18%
Not a good time to be a miner in South Africa.
