Gemfields stock hit by Pallinghurst’s move to lower approval threshold for its bid
South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.
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Miners punished as iron ore price resumes decline
New Citigroup report predicts low $40s by end of the year, early 2018.
De Beers diamond sales up 1.5%
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2017.
Yancoal trumps Glencore bid for Rio Tinto’s coal mines
The acquisition would make of Yancoal Australia’s largest pure-play coal producer.
Rio Tinto in search of next Oyu Tolgoi in Mongolia
Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.
Cenovus CEO to retire as company sells up to $5bn in non-core assets
News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.
China’s Fosun sweetens offer for Gemfields
The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”
Japan’s Sumitomo Metal becomes IAMGOLD partner in Canadian project
With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion.
Alrosa finds 62.75-carat diamond at prolific Jubilee pipe
The miner's Jubilee pipe is famous for its large finds.