July 3, 2012

FLSmidth acquisition of Australian Ludowici now closed

FLSmidth's Board of Directors and Group Executive Management are very pleased to report that following the approval by Ludowici's shareholders on 31 May 2012 and the necessary regulatory and court…

July 3, 2012

Teton announces that their new Bogota, Colombia modular workforce housing manufacturing plant is fully operational

Teton Buildings is one of the largest manufacturers of workforce housing compounds world wide and also has plants in Casper, WY and Houston, TX.

July 3, 2012

Chile’s Codelco to invest $400 million in molybdenum plant

Chile-owned copper giant Codelco plans to invest $400 million in a molybdenum processing plant and to maximize its market value amid a legal dispute with global miner Anglo American.

July 3, 2012

Namakwa Diamonds poised for next stage with new CEO and Kao mine progressing

The successful restructure of Namakwa Diamonds’ operations in Lesotho has turned the company's operations cash-flow positive, reduced costs and positioned the company for the next stage of development, said CEO…

July 3, 2012

Israel’s polished diamond sales collapse in first half of 2012

Polished diamond sales fell 33% to $1.51 billion in the first half of 2012 from $2.26 billion in the first half of 2012, said Monday Shmuel Mordecahi, responsible for the…

July 3, 2012

Queen’s 10,000 diamonds on display at Buckingham Palace

The exhibition, displaying more than 10,000 diamonds, brings together seven of the nine principal stones cut from the famous Cullinan Diamond for the first time ever.

July 3, 2012

Brazil’s Vale confirms plans to sell euro-denominated bonds

Brazilian mining giant Vale SA confirmed Tuesday its plans to issue euro-denominated overseas bonds.

July 3, 2012

World’s No. 3 copper mine Collahuasi to reduce costs with solar power

Chile’s Doña Inés de Collahuasi mining company announced Solarpack has won the contract to build a 25 MW solar energy park, which will supply nearly 13% of the mine's power…

July 3, 2012

Canada’s new lithium mines may challenge pollution rules

Canada's environmental regulations have lagged behind the global rush to develop deposits of lithium, a rare metal found in the rechargeable batteries that power millions of iPads, smartphones and laptops,…

July 3, 2012

Barclays CEO Bob Diamond quits amid interest-rate rigging scandal

Shortly after the announcement, Barclays’ newly appointed chief operating officer, Jerry del Missier, also resigned.