November 4, 2015

Lonmin may shut down if shares sale flunks

The radical decision would make of the platinum producer the biggest casualty of the ongoing commodity rout that is hurting miners worldwide.

November 4, 2015

Glencore shares soar on faster than expected debt reduction

The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it…

November 3, 2015

Chile’s Codelco lays off over 4,000 workers

The drastic move makes of Codelco the mining company that has let go the highest amount of workers in Chile since copper prices began their decline over a year ago.

November 2, 2015

DMCC hosts 2nd Middle East Gems & Jewellery Forum 2015 in Dubai

Over 35 industry leaders and over 150 delegates in attendance at the MEGJF including Damas, Malabar Gold & Diamonds, Dhamani and Fabergé

November 2, 2015

Gangs battle over abandoned gold mines in South Africa

At least 1.6-million people live in informal settlements around Johannesburg, many of them on or near mine waste sites, plagued by illegal miners and controlled by armed bands.

November 2, 2015

Lonmin warns of $2bn write-down, 6,000 job cuts

The world’s third-largest platinum producer is also planning layoffs, cutting capex and lowering unit costs.

November 2, 2015

Needs of communities near mines in poor countries must prevail in the mining lifecycle, says Global Policy Forum

The importance of going beyond environmental considerations when planning the lifecycle of mines to include socioeconomic considerations was a key topic discussed at the last UNCTAD meeting.

October 30, 2015

This interactive timeline will teach you all about diamond mining

It all began about 900 million years ago.

October 29, 2015

Mining industry value drops below one trillion dollars

In 2011, during the peak of the so-called “mining boom”, the sector was worth nearly US$2.5 trillion.

October 27, 2015

These countries are winning at gold mining

The number of registered artisanal miners, or barrequeros, inside Colombia now top 100,000 and production should keep rising.