July 12, 2012

Largest pink diamond ever discovered goes on display

The largest pink diamond ever discovered, an 8.01 carat sparkler found earlier this year at Rio Tinto’s Argyle mine, in Western Australia, went on permanent display in a Melbourne museum…

July 12, 2012

Nationalism stumps Canadian mining companies in Latin America

From expropriations in Venezuela, Bolivia and Argentina to violent opposition in traditionally mining-friendly jurisdictions such as Peru and Chile, the rising political tensions pose a risk to a decade-long bonanza…

July 12, 2012

UPDATED-Seven killed after plane chartered by Kinross Gold crashes in Mauritania

Seven people were killed Thursday when a military plane chartered by Canada's Kinross Gold Corp. crashed during takeoff in the Mauritanian capital Nouakchott, an army source told AFP.

July 12, 2012

Rio Tinto CFO steps down, major shakeup follows

Rio Tinto's long-standing Chief Financial Officer, Guy Elliott, will retire at the end of 2013 announced the miner on Thursday, along with a few other senior management changes.

July 12, 2012

Chile’s largest open pit copper mine goes underground

Chile’s largest open pit copper mine, Chuquicamata, has officially started its conversion towards underground mining. The project will cost Codelco over $2 billion in the preliminary phase but will substantially…

July 11, 2012

Madrid, Spain mining riots for coal subsidies

While the United States Congress debates HR4402, a bill which would make it easier and cheaper to mine in the United States, Spanish coal miners are protesting cuts by the…

July 11, 2012

INFOGRAPHIC: A step-by-step on what is the Libor scandal

Accounting.net put together a handy graphic to explain what Libor is, what the scandal was about and how the rest of the economy felt the impact.

July 11, 2012

Stans Energy up 10% after producing heavy REEs in Kyrgyzstan ahead of schedule

The company said 50kg of dysprosium with 99.9% purity was separated from resins remaining from past production runs at the former Soviet Union's number one rare earth plant.

July 11, 2012

Diamond giant Alrosa holds first-ever auction of 10-carat plus diamonds in New York

The Diamond Manufacturers & Importers Association of America (DMIA) announced that Alrosa, Russia's largest diamond company engaged in the exploration, mining, manufacture and sale of diamonds and one of the…

July 11, 2012

$100 million plus mining deal signed as national plant & equipment and Mitsui & Co join forces

Yesterday, National Plant & Equipment Pty Ltd.(“National Plant & Equipment”) signed a historic deal with international trading house and mining power Mitsui & Co., Ltd.(“Mitsui & Co.”), seeing Mitsui &…