Without buyers, Rio Tinto holds on to its diamonds
"There's no point in cutting off your nose to spite your face just to achieve an end."
Latest Stories
Illegal gold mining profits for rebels in Colombia five times larger than cocaine
A kilogram of cocaine can sell for about $2,570 in the Colombian jungle, while a kilogram of gold can fetch 19 times that, say insiders.
INFOGRAPHIC: China’s voracious demand for copper
Demand is expanding more rapidly than the country's economic might.
Congo refutes NGO accusations against Chinese miners
Report singled them out as the main cause of human rights abuses in the country, particularly in Katanga, Congo's copper belt province.
INFOGRAPHIC: The other big bubble
Set to break the $1 trillion mark.
Grasberg mine cleared to reopen by Indonesian government
"Permission has been granted to begin milling and open pit operations but not yet for underground operations."
Barrick Gold laying off 55 workers in US
Company's stock is at a 21-year low.
Japan chasing China with $32 billion African resource push
The island nation will look to secure a steady supply of African natural gas, oil and rare earth metals.
Low-lying island must export sand despite risk
"That’s the only revenue source that we have."
