February 14, 2014

Petra gets $26m for its South African 29.6-carat blue diamond

Rock was sold to US luxury jeweller Cora International NY through South Africa-based Golden Yellow Diamonds.

February 14, 2014

Nautilus Minerals goes hard on PNG gov’t over Solwara 1 dispute

The seafloor miner revoked Papua New Guinea’s right to a 30% in its flagship project Solwara 1, and is now seeking undisclosed damages.

February 14, 2014

Anglo American profit hit by strikes, logs $1.9 billion writedown

"We are not happy," said CEO Mark Cutifani.

February 14, 2014

Gold sector nightmare not over: price drop forcing them to slash reserves

Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.

February 14, 2014

Top gold ETF holdings jump most in 16 months as rally gains momentum

Investors bought a net 7.5 tonnes in SPDR Gold Shares on Thursday marking the best performance since October 2012 when gold was trading at $1,800 an ounce.

February 13, 2014

FL Smidth announces year-end loss, expects downturn to continue in 2014

Returning to growth in 2016.

February 13, 2014

Major Mining Equipment Disposal Project

Caterpillar, Atlas Copco, Sandvik, Reedrill, O&K...

February 13, 2014

Falling gold prices forcing companies to recalculate reserves

A 15% year-on-year drop in the average annual gold price in 2013 is forcing gold producers to revise the prices they use to identify ores that are profitable to mine,

February 13, 2014

Cool under pressure

An innovative new seal design from a completely new material provides a solution for hydraulic sealing applications that are subject to increasingly higher pressures.

February 13, 2014

Smart helmet detects gas, sends text messages and self-generates SOS alerts… What?

The "Angelhelmet" comes with 10 advanced systems of sensors and communication tools.