April 16, 2012

Gem Diamonds expects prices to keep rising

Rough diamond prices were expected to continue climbing “across the market” this year, London-listed Gem Diamonds said on Monday.

April 16, 2012

Continued growing demand for jewelry in Japan

Sales of precious metals, art and jewelry at Japan’s department stores have been on the rise in March, outpacing the growth of most other consumer categories.

April 16, 2012

The meek shall inherit the earth, but not its mineral rights: Meet mining’s 40 richest billionaires

MINING.com counts more than 90 billionaires involved in minerals, metals and mining on the planet with a combined wealth of well over $300 billion.

April 15, 2012

400,000 tonnes dead weight – Vale’s massive ore carriers suffer new setback

Two of Vale's massive Valemax carriers were in Subic Bay, Philippines for just under a month transferring cargo to smaller ships to carry iron ore onto China, because the 400,000…

April 14, 2012

Churchill Mining to seek over $2 billion from Indonesia

London-listed Churchill Mining will take the Indonesian government to international arbitration and seek more than $2 billion in compensation in a dispute over a huge coal asset.

April 13, 2012

Ivanhoe staggers as Ouy Tolgoi costs balloon to $13 billion

Ivanhoe and Rio Tinto not only have to deal with higher projected mining and processing costs at the mega-mine but also development delays and most worryingly, lower ore grades.

April 13, 2012

Coal takes a beating after China’s GDP numbers disappoint

China, the world's biggest consumer of coal, said that the gross domestic product came in at 8.1% in the first quarter, the lowest figure in three years.

April 13, 2012

Long-rumoured takeover target Harmony Gold cheapest in a year

Harmony Gold briefly dropped to a year low of $9.68 on Friday after the company announced a steep fall-off in output for the first quarter. Now worth $4.4 billion the…

April 13, 2012

Melting Arctic is nothing but good news for the mining industry: Lloyd’s/Chatham House

The melting ice cap in the Arctic sea could open up access to immense mineral reserves, attracting billions of dollars in investment, but also bringing with it unique risks and…

April 13, 2012

Pakistan must turn to coal to avert energy crisis

According to trade and industry sources, the country must tap into its largely untapped reserves and imports to generate power beyond the next decade if it is to ease its…