Anglo Asian gold production on the rise
Anglo Asian Mining disclosed Tuesday a surge in gold production at its flagship gold, copper and silver mine, in Azerbaijan, in the third quarter.
Cecilia Jamasmie , Senior Editor
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Gold One fires over 75% of its workers
South Africa's Gold One followed Amplats example and fired Tuesday 1,435 of its 1,900 Ezulwini employees in South Africa, after a week-long illegal strike.
INFOGRAPHIC: Is silver the new gold?
“The Silver Bomb: Beyond The Return Of Metal As Money” has come up with an infographic that explores why some investing experts believe that silver’s price may outpace gold.
Firestone reports diamond quality improvement at Lesotho
Africa-focused junior miner Firestone Diamonds reported that the quality and value of diamonds recovered at its Liqhobong plant in Lesotho has improved since the company shut down the plant in July.
Diamond supply crunch on its way — analysts
Global production of diamonds reached 124 million carats last year and, according Bain & Company consultants, 13 new mines should be adding 23 million carats by the end of 2012. But Money Week’s analyst Tom Bulford is warning those and other figures are not sufficient to avoid a looming supply crunch.
Rio Tinto’s $60 million pink diamonds arrive in London
Rio Tinto (LON, ASX, NYSE: RIO) have started showing Tuesday its rare Argyle pink diamonds at London’s Kensington Palace in a collection that features more than $60 million in jewellery made with the coloured gems.
BHP sells first bond offering in Australia in over a decade
BHP Billiton sold Tuesday A$1 billion ($1.02 billion) of bonds in its first offering of debt in the Aussie market in more than a decade, as the company announces cutbacks at its iron ore mines.
New mining rules coming up for Canada’s northern Ontario already igniting debate
A new set of regulations for prospectors and stage.mining.companies working claims in Northern Ontario, Canada, which goes into effect Nov. 1, is already stirring some controversy as First Nations claim still allows claims anywhere companies want.
Asteroid-mining firm hiring “space nuts” and interns
Google’s billionaire co-founders and filmmaker James Cameron’s owned asteroid-mining focused Planetary Resources is hiring interns for 2013.
Indian state of Goa forced to halt all mines
India’s Supreme Court order the state of Goa to halted all mining activities in Goa, including transportation of already mined manganese and iron ore, and sought responses of the union and state governments on an environmental group's petition.
China funnelled $57 billion to control critical mineral supply chain
A network of at least 26 state-backed banks has helped Beijing tighten its grip on critical minerals over the past two decades.
