October 16, 2012

African countries risk harming own economies by seeking short-term mining gains: CEO

African governments risk harming their own economies by trying to squeeze quick returns from the mining companies in their countries, said Tuesday Randgold Resources’ (LON:RRS) chief executive Mark Bristow. 



October 16, 2012

South African mine robot research nearing commercial phase

The state-sponsored, Council for Scientific and Industrial Research has focused its attention on two mining robots and is now looking to enter into commercial ventures.

October 16, 2012

Harry Winston lowers Diavik diamond mine production target

Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) reduced Tuesday its 2012 production target for the Diavik mine to 7.4 million carats as the operation shifts its efforts to concentrate on processing…

October 16, 2012

Firestone unearths ‘very rare’ diamonds at its Lesotho mine

Firestone Diamonds (LON:FDI) announced Tuesday the recovery of a batch of very rare type 2 diamonds from its Liqhobong mine in Lesotho as well as an even scarcer blue diamond.

October 16, 2012

BHP Billiton production report

The company outlines record petroleum production, an increase in Queensland coal volumes and a milestone achievement from Western Australia Iron Ore.

October 16, 2012

Rio Tinto logs record iron ore output in the Pilbara

Diversified mining giant Rio Tinto (ASX:RIO) has raised iron ore output 5% year-on-year in the third quarter on the back of record production levels in Western Australia's Pilbara.

October 16, 2012

Iranian oil and gas hit with EU sanctions

The European Union announced on Tuesday the imposition of sanctions against state-owned Iranian oil and gas firms in response to Tehran's ongoing nuclear ambitions.

October 16, 2012

Archduke Joseph diamond set to fetch $15 million at auction

The Archduke Joseph diamond, a storied gemstone weighing more than 76 carats, is expected to fetch over USD$15 million when auctioned by Christie's in Geneva this November.

October 16, 2012

Wisconsin man finds a diamond in the mire

A Wisconsin man has a found a 1.2 carat diamond while panning for gold in the refuse of a friend's freshly drilled well.

October 16, 2012

India’s rough diamond imports dropped sharply in September

Imports were down 33.2% to just $349.4 million as the average price of imports sank 72.5% to $24.44 per carat, compared to August.