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Christie’s expects $25 million for largest, flawless blue diamond

But If recent auctions in Geneva are any indication, “The…

Ritchie Bros. sells more than CA$143 million at Canada’s largest equipment auction

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China tops world in gold output in 2010

China, which became the world’s largest gold producer since in 2007, retained its position again in 2010 by mining 340.88 tonnes, up 8.57 percent year on year, the China Gold Association said Sunday. Increases in gold output will help China hedge against financial risks and inflation, as well as maintain economic security, the association said.

Chinese state-owned company to build ferronickel industry in Kalimantan

Chinese state-owned company Dafeng Port Group plans to set up a ferronickel industry in Kotabaru, South Kalimantan with a production capacity of 200 million metric tons a year. The president director of Dafeng Port Group Co. Ltd., Ni Xiangrong, said here on Saturday the Dafeng Port Group Co.Ltd. has successfully developed an integrated economic zone in China and plan to build a ferronickel industry and its support industries in Kotabaru.

Santos says skills shortage yet to hit

David Knox, Santos chief executive, says the expected skills shortage has not yet affected his company. Picture: Calum Robertson Source: News Limited SANTOS chief executive David Knox, whose company is building one of the three $15 billion-plus coal-seam

Eight people detained over coal mine fire that traps 28 miners in east China

Police have detained eight people in east China's Shandong Province in connection with a coal mine fire that has trapped 28 miners for more than two weeks, local authorities said Saturday. A total of 91 people were working underground in the Fangbei Coal Mine in the province's city of Zaozhuang on July 6 when an air compression device located in a parking lot 255 meters underground caught fire.

China’s coal imports drop in first half

China's coal imports dropped 11.8 percent in the first half of the year to 70.49 million tonnes while exports also fell 13.7 percent to 8.75 million tonnes. During the period, the nation recorded a net import of 61.74 million tonnes of coal. The figure fell 11.5 percent year-on-year amid surging international coal prices, according to figures released Friday by the China National Coal Association.

China discovers its largest molybdenum deposit

China has discovered its largest molybdenum deposit containing 2.2 million tons of the silvery metal, which ranks the second largest in the world, in east China's Anhui province. Anhui Geology and Mineral Resources Bureau estimate the deposit in Jinzhai county has 1.275 billion tons of ore which contains 2.2 million tons of molybdenum, said Wu Yulong, head of the bureau.

Combet says strong future for Qld coal

Climate Change Minister Greg Combet has promised that Queensland coal mines will be compensated for losses caused by a carbon tax, saying pollution intensive areas like Gladstone will receive significant compensation.