Petra sells 121.2- carat diamond for $6 million
It was found at Petra's Cullinan mine in South Africa, which has yielded several massive gems, including the largest rough gem diamond ever discovered.
Latest Stories
Australia’s uranium polluting the Antarctic — scientists
Australia has about 40% of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.
World’s largest copper mine output, profit plummeted in Q1
Chile’s Escondida produced 265,597 tonnes in the period, or 23% less than the 347.125 tonnes it generated in Q1 2015.
Botswana’s economy needs more than diamonds to shine
The history of the diamond industry in Africa has been fraught with worker exploitation, environmental destruction, government corruption and squandering of revenues.
Rio Tinto exits PNG, gives away copper-gold mine with $51bn in reserves
Decision follows a company review of the asset that was triggered by the Bouganville government’s pressure to restart mining at Panguna or give it up.
Alrosa gets own security force
Diamond giant will save Russian state millions each year when it takes over security duties at remote mines.
Marc Faber: Holding gold is a ‘no brainer’
Brexit is a sideshow to the world economy, and gold remains an important asset in any portfolio, says Marc Faber, editor of the Gloom, Doom and Boom Report.
June rainfall eases processing problems in China graphite hub
Pressures on the processing capacities of flake graphite producers in Shandong province – the second largest producing region in China – have been eased by rainfall which has improved access to water.
Newmont selling Indonesian unit for $1.3 billion
With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.
