Gem Diamonds finds 172-carat stone at Letšeng
This is the seventh diamond greater than 100 carats the company has recovered this year at the prolific mine in Lesotho.
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MMG plans to raise $1.16bn to repay debt, fund mine development
The Chinese miner is raising funds to support the ongoing development of its operating mines.
Rio Tinto marks 70th year of operations at British Columbia’s only aluminum smelter
Rio hosted a celebration on June 1 at the Kitimat smelter site, with more than 1,800 attendees including four generations of employees and retirees.
Lithion completes battery material extraction plant construction in Québec
The build marks the first lithium-ion battery critical mineral extraction plant in North America’s north-east, the company said.
De Beers ditches lab-grown diamonds as it looks beyond Anglo
De Beers will turn its focus on so-called category marketing, where it promotes diamond jewelry in general rather than just its own branded gems.
Equinox organizes fundraiser for Ontario hospital
The “Ride to Greenstone” will be an epic 3,634-km bike relay from Vancouver to Ontario.
China to build $1.5 billion copper smelter in Kazakhstan
Copper smelter is projected to have an annual production capacity of 300,000 tonnes.
Russia proposes raising extraction tax rates on diamonds, gold, iron ore
The proposed tax hikes would be offset by the abolition of export duties linked to the rouble-dollar exchange rate that were introduced in October 2023.
Cascadia Minerals stock soars on fund manager financing
The private placement is led by Michael Gentile, one of its largest shareholders, who plans to up his stake to 9.99%.
