December 18, 2014

Russian miners find rock containing 30,000 diamonds

Unearthed at Alrosa's Udachnaya diamond mine, it was later donated for study as the diamonds it contained were pretty much worthless as gems.

December 18, 2014

Uranium picks up on Asia’s renewed appetite for nuclear energy

China’s increased reliance on nuclear energy and Japan restarting its reactors are only two of the factors driving prices up.

December 18, 2014

Judge turns down Vale bid to dismiss Rio Tinto lawsuit in U.S.

The court said Vale had failed to convince him to dismiss the case in which it is accused of conspiring to steal Rio's rights for part of iron ore reserve…

December 18, 2014

Lucapa Diamond to begin mining at its Lulo project in Angola

In a first phase the miner plans to target high-grade diamond ore bodies, meeting a target of 14,000 bank cubic metres (bcm) per month.

December 18, 2014

Barrick to halt Lumwana mine in Zambia after tax hike

The Canadian giant had earlier said it would consider such a move in the event the new tax regime was approbed.

December 17, 2014

EU spares Canadian oil sands the ‘dirty fuel’ label

The vote of the full plenary was prompted earlier this month when the EU's environment committee rejected a deal worked out after more than two years of lobbying by Canada.

December 17, 2014

Coal of Africa extends date on Mooiplaats sale

The transaction is now expected to be completed in the first quarter of 2015.

December 17, 2014

Anglo American Platinum offered $385 million for stake in Bokoni mine

The potential buyer — community-owned firm Baroka Tribal Mining— will also acquire Amplats' 22.5% percent indirect stake in its joint venture partner, Atlatsa Resources.

December 17, 2014

Coeur Mining acquires Paramount Gold and Silver for $146 million

As part of the agreement, Paramount will spin off its non-Mexican assets into a standalone publicly listed company— Paramount Nevada Gold Corp.

December 16, 2014

B.C. asks you to stuff stockings with local coal

Coal, a major B.C. export, has been suffering from a global oversupply and falling prices. How is that for a reason to fill up your stockings with it? Hmm...