October 20, 2015

China’s weak demand for diamonds drags sector into slump

Prices for the precious rocks have fallen almost 12% in the past year, amid weakening diamond jewellery demand from China, the second largest consumer after the U.S.

October 20, 2015

Newcrest gold output falls 13% on fatalities, mechanical flops

Suspensions at two of the company's main mines have caused Newcrest to miss estimated production targets.

October 19, 2015

Vale iron ore output hits new record

The world’s largest producer of iron ore continues to flood the market with the addition of 88.2 million metric tons in the third quarter of the year.

October 19, 2015

Uranium to bring jobs, export boom back to Australia’s mining industry — report

A study commissioned by the Minerals Council of Australia shows the economic benefit from the sector could increase tenfold to $9.5 billion.

October 19, 2015

India mulls buying South African coal assets

State-run Coal India is looking to acquire mines to feed its expanding steel industry.

October 19, 2015

Canadian Oil Sands asks shareholders to reject Suncor’s $3.3 billion hostile bid

The company said Suncor Energy’s hostile takeover offer was "undervalued, opportunistic and exploitive."

October 19, 2015

Oil market showdown: Can Russia outlast the Saudis?

While the sharp decline in crude prices has saved crude consuming nations hundreds of billions of dollars, the loss in revenues has caused crude exporting countries intense economic and financial…

October 16, 2015

Diamonds could help spot early stage cancers

Australian researchers have found a way to use diamonds to act as beacons in magnetic resonance imaging (MRI) scans and identify cancerous tumours before they become life-threatening.

October 16, 2015

Randgold to exceed 2015 output target from Kibali, wants new licence in Congo

The mine produced 526,627 ounces in its first full year of operation in 2014, and was expected to yield 600,000 ounces this year.

October 16, 2015

Rare earth producers say illegal mining in China responsible for low prices

As a result, all rare earths producers inside and outside China are facing extremely challenging conditions, say insiders.