Diamond miners face turning point amid weak prices: report
The diamond industry, once a symbol of timeless stability, finds itself in a state of flux as prices for natural diamonds hit multiyear lows, driven by a mix of evolving…
The diamond industry, once a symbol of timeless stability, finds itself in a state of flux as prices for natural diamonds hit multiyear lows, driven by a mix of evolving…
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
MINING.COM’s ranking of world’s 50 most valuable miners enjoyed a combined market capitalization of US$1.51 trillion at the end of Q3, up by single digits since the start of the…
Mountain Province Diamonds (TSX: MPVD) says its third-quarter earnings fell and mine operations swung into a loss as costs rose and grades dropped at the Gahcho Kué joint venture with Anglo…
Anglo American (LSE: AAL) has agreed to sell its minority stake in an Australian coal mining joint venture for A$1.6 billion ($1.5 billion), marking a significant step in its strategy…
BHP’s (ASX: BHP) leadership gave its clearest indication yet that it won’t make another bid for smaller rival Anglo American (LSE: AAL), but later walked back some comments about “moving…
Cornish Metals (TSXV: CUSN; LSE: CUSN) has received a £7-million (around US$9 million) credit facility from shareholder Vision Blue Resources, to help it reopen the South Crofty tin mine in…
A global group of institutional investors including Allianz, Legal & General and Orion Resource Partners wants to attract more funds to the mining industry by polishing its image and educating…
Burgundy Diamond Mines (ASX: BDM), owner of the Ekati diamond mine in the Northwest Territories, says it has pulled plans for underground mining at the Sable open pit following feedback…
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is offering early termination for employees at its Diavik diamond mine, Canada’s largest gem producer, as part of cost savings ahead of…
The World Platinum Investment Council says more than 10,000 Jobs have been lost in 2024 amid falling PGMs prices.
The third-lowest platinum mining output this century can’t keep up with rising investment demand, jewelry and a sustained traditional car market using catalytic converters, according to an industry group. A…
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