September 5, 2017

De Beers diamond sales down 20% on earlier Diwali

The world’s largest rough diamond producer by value reported provisional revenue of $505 million compared with $639 million in the same period a year earlier.

September 5, 2017

Philippines’ President says open-pit mining ban should stay

Rodrigo Duterte said ban should remain in place given the environmental damage it causes, but noted he would give companies time to find alternative mining methods.

September 4, 2017

Indian uranium mine becomes dark matter lab

India’s very first uranium mine now hosts a laboratory for conducting experiments in fundamental physics

September 4, 2017

Gold prices near 12-month high

Gold prices jumped to their highest in almost a year as a weaker dollar and escalating tensions between the United States and North Korea

September 3, 2017

Macquarie says iron ore, coal prices to remain strong into 2018

Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent…

September 3, 2017

S. Korea’s SK Innovation starts production of batteries with more nickel

South Korea’s SK Innovation said on Thursday it has started commercial production of lithium-ion batteries with an increased portion of nickel, while reducing the usage of expensive components such as…

September 1, 2017

BacTech Environmental: “Green Gold” processing technology addresses artisanal mining and ARD problems

Every year millions of small-scale miners toil in the baking sun, collecting and breaking rocks with the goal of extracting small amounts of gold - enough to make a living…

August 29, 2017

Freeport to yield control of giant Grasberg copper mine to Indonesia

The company has greed to reduce its stake in the Grasberg mine to 49% in exchange for licenses to operate the massive copper and gold pit until 2041.

August 28, 2017

India launches world’s first diamond futures exchange

The Indian Commodity Exchange Limited (ICEX) will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts.

August 28, 2017

Glencore to offload second coal mine in Australia in less than three months

Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.