March 14, 2012

Gem-quality white diamonds created in laboratory

A Florida-based company says it has created high-quality, colorless, lab-created diamonds. Diamond industry representatives are debating whether this is a “game changer” in how colorless diamonds are sourced and priced.

March 14, 2012

Anglo dulls prospects as it doubles down on diamonds

Anglo American Plc’s $5.1 US billion plan to almost double its diamond business and platinum mines that are missing targets risk killing its allure as a takeover candidate for a…

March 14, 2012

Goldman Sachs employee quits spectacularly

A Goldman Sachs employee burned all his bridges after publishing in the New York Times a top to bottom attack of his employer.

March 14, 2012

SGS Canada Inc. expanding and creating jobs and investment in Lakefield

SGS Canada Inc. received approval today to expand their Lakefield facilities with the construction of a new 41,000 square foot lab facility. Council for the Township of Smith-Ennismore-Lakefield approved the…

March 14, 2012

Nord Gold Completes Separation from Severstal and Retains Its Stake in High River Gold Mines

Nord Gold N.V. ("Nord Gold") , a former subsidiary of OAO Severstal ("Severstal") UK:SVST -0.34% (rt:CHMF), announces that the separation of Nord Gold from Severstal via a Private Exchange Offers…

March 14, 2012

Green Swan Continues With Acquisition Strategy in British Columbia’s Golden Triangle

Green Swan Capital Corp. ("Green Swan") (TSX VENTURE:GSW) today announced it has agreed to purchase a package of six non-contiguous mining tenures in southeastern British Columbia.

March 14, 2012

Zimbabwe’s 2012 Gold Output Slower than Expected

Reuters reported that Zimbabwe gold production has started slow this year, missing output targets. As quoted in the market news: Gold production reached 8 tonnes in 2011, up from a…

March 14, 2012

Impala Platinum transferring 51% of mine stake to Zimbabwe’s government called ‘naive and irresponsible’

South Africa's Impala Platinum Holdings (Implats), the world’s second-largest platinum producer by volume, has agreed to transfer 51% of Zimplats, its subsidiary in Zimbabwe, after long-drawn-out negotiations with the government…

March 14, 2012

Semafo posts 25 pct profit rise on higher gold output, price

The West Africa-focused miner posted a 25% rise in quarterly profit on Wednesday, helped by increased gold production and higher prices.

March 14, 2012

UK Coal shares plunge as it considers closing Warwickshire mine

UK Coal's (LON:UKC) shares plunged by more than 28% in late afternoon trading after it revealed it was considering closing a coal mine in Warwickshire.