July 17, 2015

Nexen’s oil sands pipeline leak one of Canada’s largest ever

A day after reporting a significant jump in the number of pipeline failures, the Alberta Energy Regulator is now investigating one of the biggest ruptures in the province in years.

July 17, 2015

Lucara gets $69 million from first diamond sale, amid tough market conditions

The star of the show was a 341.9 carat diamond —unveiled in April —, which sold for $20.55 million

July 17, 2015

China just broke silence on gold reserves — first time since 2009

China says its gold reserves increased 57%, which makes it the country with the sixth-largest hoard of the precious metal.

July 16, 2015

The world’s highest grade gold mines

Canadian mine takes top honours but Russia and USA dominate the rankings.

July 16, 2015

Anglo American to write down up to $4bn on weak commodity prices

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

July 16, 2015

Planetary Resources’ first spacecraft begins testing asteroid prospecting technology

The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.

July 16, 2015

Graham Briggs to retire as the CEO of Harmony Gold

A geologist by training, the 62 year old executive has been with the company for 20 years.

July 16, 2015

Zambia mining industry says new rules to scare investors, deter local processing

The Chamber of Mines wants the government to reconsider its decision to hike corporate income tax rate on mineral processing from 30% to 35%, which came in effect July 1.

July 15, 2015

Anglo American likely to cut dividend amid commodities collapse

It would be the first time since 2009 that Anglo has to cut dividends.

July 15, 2015

Dodd-Frank: Five years and $1.5 trillion later

In the five years since the Dodd-Frank Act passed, oil produced in developing countries was worth an estimated $1.55 trillion for those governments. But because the landmark US transparency law…