November 30, 2017

Pink diamond gets $32 million, Patek sets Asian record

The oval stone, set in a ring embellished with smaller diamonds, sold after a three-minute contest. It was estimated to sell for as much as $42 million.

November 30, 2017

Indonesia expects 2018 deal with Freeport on giant copper mine

Indonesia expects to conclude deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of Grasberg mine.

November 29, 2017

Gold production will grow in coming years: BMI

The business intelligence firm says output will pick up, supported by higher gold prices and solid projects in key countries.

November 29, 2017

Japan’s Kyushu Elec likely to delay nuclear plant restart due to Kobe Steel checks

The government and industry want reactors restarted to cut electricity bills, but swathes of the public oppose returning to atomic energy.

November 29, 2017

Freeport Indonesia targets 1.1 million tonnes copper concentrate exports by end 2017

The company had exported 684,333 tonnes of copper concentrate by end-October, according to government data.

November 29, 2017

Luxembourg, Japan team up to explore and mine space resources

The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.

November 29, 2017

Copper execs see balanced market, warn on rising costs, regulation

Representatives of major mining companies believe the global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China, the world's top consumer,…

November 28, 2017

Iron ore will go back to $50, says Goldman Sachs

Analyst Hui Shan said that Goldman’s projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12.

November 28, 2017

Tax payments from Minnesota’s iron ore industry show lower production

Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015.

November 27, 2017

Adani hopes for govt coal mine loan fade after Australian election

The Queensland state premier, who had originally supported Adani's application for a federally funded loan, now says her government will veto it.