De Beers, Peregrine Diamonds joint venture for Chidliak is a go
De Beers has the exclusive right to enter into a joint venture agreement with Peregrine for the Chidliak diamond project located on Baffin Island, Nunavut, Canada.
Latest Stories
Low diamond prices forces suspension of Nunavut mine
The reason that drove the company to stop looking for diamonds in its high-grade stockpiles last week was the “continuing weak world diamond prices."
Continental Coal shares soar
Shares rose almost 20% in London on Monday over the news that the junior miner is poised to sell its South African thermal coal mining assets.
Afghanistan’s trillion-dollar mineral assets imperilled by corruption
Mining companies would give their eye teeth to exploit Afghanistan’s recently discovered $1 trillion of untapped mineral wealth, but analysts warn that corruption, war and lack of infrastructure are likely to keep delaying a mining boom in the country.
Detour prepares to launch Canada’s largest gold mine in Ontario
Detour Gold (TSX:DGC) founder Gerald Panneton says preparations to open Canada's largest gold mine in Cochrane, Ontario are 'in the last stretch.'
Could diamonds soon rival precious metals as an investment option?
The emergence of diamond hedge funds could see precious gems usurp gold and silver's place in the spot light as safe harbor stores of value.
BP on track to sell $7bln in assets
BHP PLC (LSE:BP) is on the verge of concluding a deal for the sale of its offshore oil fields in the Gulf of Mexico for $7 billion to Houston-based Plains Exploration & Production (NYSE:PXP).
Senior golds look to juniors for growth: David Goguen
Goguen provides his views on where senior gold producers will be hunting and which companies will meet newly stringent criteria in the gold-hungry world marketplace of today—and tomorrow.
Australian coal industry to slash 900 jobs
Australia's coal miners are slashing 900 jobs against a backdrop of declining commodities prices and higher costs.
