Cecilia Jamasmie , Senior Editor

Australia’s new tax hike angers miners and may hit projects

Australia’s mining giants are threatening both the government of Queensland and the federal authorities with dropping all of their new projects in response to the state’s surprise increase in coal mining royalties.

Cecilia Jamasmie | September 11, 2012 | 6:37 pm

Kim Rothstein charged with hiding $450,000 yellow diamond ring

Kim Rothstein, the second wife of disbarred US attorney Scott Rothstein, who ran a massive $1.2 billion fraudulent investment scheme, was charged with conspiracy to commit money laundering last week as she hid $1 million in jewellery from U.S. authorities trying to seize his assets to repay investors.

Cecilia Jamasmie | September 11, 2012 | 2:37 pm

Diamond swallowed at exhibition a fake; $13,000 gem still missing

Sri Lanka's diamond-swallowing story took an surprising turn Tuesday as police revealed the 1.5 carat stone gulped by Chou Wan, 32, at a gem show was fake.

Cecilia Jamasmie | September 11, 2012 | 1:47 pm

Canadian Nordion loses three year dispute with Atomic Energy

Shares of nuclear medicine company Nordion dove close to 40%, down $3.93 at $6.53 in Toronto on Monday.

Cecilia Jamasmie | September 11, 2012 | 1:10 pm

Diavik mine to axe jobs in the eve of open pit closure

Massive layoffs are expected before the end of the month at Diavik, in Canada's Northwest Territories, as the diamond mine is set to close its open-pit section.

Cecilia Jamasmie | September 11, 2012 | 5:09 am

Unrest returns to South African gold mine

Labour unrest spread in South Africa on Monday when 15,000 workers stopped operations at a Gold Fields (JSE, NYSE, NASDAQ Dubai: GFI) mine while few workers reported for duty in the fourth week of a stoppage at Lonmin (LON:JSE) , the world’s third largest platinum mine.

Cecilia Jamasmie | September 10, 2012 | 7:15 pm

Petra Diamonds selling non-core South African mines

London-listed Petra Diamonds shares were on the rise again Monday after the company revealed Friday it had started selling three of its non-core mines.

Cecilia Jamasmie | September 10, 2012 | 4:33 pm

De Beers, Peregrine Diamonds joint venture for Chidliak is a go

De Beers has the exclusive right to enter into a joint venture agreement with Peregrine for the Chidliak diamond project located on Baffin Island, Nunavut, Canada.

Cecilia Jamasmie | September 10, 2012 | 4:06 pm

Low diamond prices forces suspension of Nunavut mine

The reason that drove the company to stop looking for diamonds in its high-grade stockpiles last week was the “continuing weak world diamond prices."

Cecilia Jamasmie | September 10, 2012 | 3:53 pm

Continental Coal shares soar

Shares rose almost 20% in London on Monday over the news that the junior miner is poised to sell its South African thermal coal mining assets.

Cecilia Jamasmie | September 10, 2012 | 2:40 pm

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