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.
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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.
2016 already best year ever for world’s largest gold ETF
CHART: $18 billion year to date rise in assets under management highest since physically-backed fund's inception in 2004.
AngloGold investing $400 million in Guinea
World's number three producer owns the 300,000 ounce per year Siguiri mine in the west African country.
Despite the hype world’s second-largest diamond ever found fails to sell
Canada's Lucara Diamond, the company that found the massive gem, said it will keep it as bids fell short of the minimum reserve price.
