October 9, 2012

Rio Tinto’s $60 million pink diamonds arrive in London

Rio Tinto (LON, ASX, NYSE: RIO) have started showing Tuesday its rare Argyle pink diamonds at London’s Kensington Palace in a collection that features more than $60 million in jewellery…

October 9, 2012

BHP sells first bond offering in Australia in over a decade

BHP Billiton sold Tuesday A$1 billion ($1.02 billion) of bonds in its first offering of debt in the Aussie market in more than a decade, as the company announces cutbacks…

October 9, 2012

Gamma rays used to find diamonds

The University of Johannesburg has successful obtained a patent for a new device which is capable of identifying rocks that contain diamonds.

October 9, 2012

BHP announces iron ore retrenchments on resource sector slowdown

BHP Billiton (ASX:BHP) has announced retrenchments for its iron ore operations due to tepid prices and rising costs.

October 9, 2012

Indians switch to diamonds from gold

De Beers says the sub-continent has become the storied diamond firm's fastest-growing market as affluent Indians eschew gold in favor of precious gems.

October 8, 2012

Illegal Chinese gold mining triggers conflict in Ghana

Illegal gold mining by Chinese nationals using heavy machinery has fueled resentment and hostility amongst local communities in Ghana.

October 8, 2012

Australia’s growth prospects downgraded by IMF on commodities dependence

The International Monetary Fund's 2013 growth forecast for Australia has been moderately reduced due to the country's significant exposure to international commodities markets.

October 8, 2012

China plans to usurp global leadership with the backing of gold: Russell

Veteran finance expert Richard Russell claims China has plans to obtain leadership of the global economy by fortifying its official currency with precious metal backing.

October 8, 2012

Aquarius Platinum dives upon CEO’s sudden departure

Shares in Aquarius Platinum have plunged in the wake of the sudden departure of its CEO Stuart Murray.

October 8, 2012

China to convert coal into gas for urban energy needs

China has unveiled ambitious plans for the conversion of coal extracted in remote mining regions into gas for usage in urban areas.