De Beers upbeat on diamonds outlook, despite sales drop
The miner reported a 25% fall in diamond sales during the second cycle of the year, compared with the traditionally stronger first cycle, in line with its expectations.
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Canada’s Saskatchewan and Manitoba are the world’s new top mining destinations
Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.
Copper price: Escondida deal beginning to look distant
BHP Billiton and union at world's largest copper mine can't even agree whether talks are happening or not.
Citigroup: Gold price set to top $1,300 this year
VIDEO: Gold's enjoying "positive momentum" says David Wilson, head of metals research at Citigroup.
Hedge funds up bullish gold price bets most since Trump win
Gold builds on 15-week highs as large-scale derivatives speculators bump exposure to a rising gold price by a fifth, the most bullish move since November 1.
Cupric Canyon gets $50 million to develop Botswana mine
Khoemacau mine will initially produce 50,000 tonnes of copper and 1.4 million ounces of silver a year, but future expansions could increase output to at least 120,000 tonnes of copper annually.
Acacia Mining says West Kenya project holds high-grade gold
With six drill rigs currently active on site, and two more to follow soon, Acacia expects to increase the resource to 2 million ounces by the end of the year.
Northam Platinum buys Eland mine from Glencore
Northam Platinum’s strategy of buying additional mines, as its strives to become a 1-million ounce a year platinum group metals producer, netted it Glencore’s Eland Platinum mine for R175m cash.
Have the majors given up on Canada’s oil sands?
Canada’s oil sands could struggle to rebound, with potentially billions of barrels of oil being kept underground permanently.
