July 23, 2015

Vale adds to iron ore supply glut — second highest ever quarterly output

The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.

July 23, 2015

Global miners improve policies on community consent, while oil and gas lag

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

July 22, 2015

Glencore to slash 380 coal jobs in South Africa

It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.

July 22, 2015

Gemfields Mozambique mine to yield rubies for over 20 years

An independent report has confirmed the Montepuez mine holds the largest deposit of rubies in the world, with projected output of 432 million carats over 21 years.

July 22, 2015

BHP Billiton beats iron ore guidance, takes copper write-downs

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

July 21, 2015

Kumba grapples with double whammy

Kumba Iron Ore’s board has put a halt to paying a dividend in the half year to June and has moved to overhaul its operations as it grapples with a…

July 21, 2015

Alrosa’s rough diamonds sales down 22% in first half of the year

The Russian company, hit by a sustained slowdown in the diamond market, said its rough diamond have declined by 6% in the first six months of the year.

July 20, 2015

Randgold’s Kibali mine ramp-up on track for 600 ounces a year

Work still continues on the development of its underground operation and second hydropower plant.

July 17, 2015

Lucara gets $69 million from first diamond sale, amid tough market conditions

The star of the show was a 341.9 carat diamond —unveiled in April —, which sold for $20.55 million

July 16, 2015

The world’s highest grade gold mines

Canadian mine takes top honours but Russia and USA dominate the rankings.