The diamond glut: Miners stuck with gems worth billions
The five biggest producers are probably sitting on excess inventories worth about $3.5-billion.
Latest Stories
Yamana Gold to apply AI at Cerro Moro mine
Yamana has hired machine learning expert GoldSpot to identify new drilling targets at its gold-silver mine in Argentina.
Electronic gas sensors help detect anomalous mineral deposits — report
Geoscience BC is testing new technology designed to identify anomalous soil gas concentrations that could help pin down mineral deposits.
Manganese X delves into healthy building design
Through its wholly-owned subsidiary, Disruptive Battery, Manganese X Energy is working on a system that circulates air disinfection agents inside buildings.
Eldorado moves ahead with underground project at Quebec mine
Tunnel at the Lamaque mine will connect the Sigma mill to the 405 m level of the Triangle mine, where resources and reserves reside.
Cobre Panamá asks Ministry of Health for permission to resume activities
The miner was surprised to learn it had been placed among the last set of companies allowed to go back to work.
US offers help with Nornickel’s Arctic fuel spill, Russia thankful
Since late May, Russian officials have been working to contain the spill of 21,000 cubic meters of diesel at Nornickel’s facility in Norilsk.
Vedanta books $1.7 billion loss in Q4 as oil prices plunge
The company took a one-time loss of 171.3 billion rupees in the March quarter, mainly due to an impairment of assets at its Oil & Gas business.
Vale reaffirms iron ore output forecast after court decision
Vale said it is keeping its monthly production forecast at Itabira at 2.7 million tonnes "for the next months."
