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Gem Diamonds to cut jobs, salaries amid industry collapse

Gem Diamonds to cut jobs, salaries amid industry crisis

It plans to reduce operating costs by $1.4-$1.6 million monthly and cut 20% of it workforce at its Letšeng mine in Lesotho.

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Cecilia Jamasmie | July 23, 2025 | 5:02 am

Gold retreats after US jobs surprise — MINING.COM’s Devan Murugan takes a closer look

Stronger-than-expected US jobs data rattled markets on Thursday, sending gold prices lower as expectations for a near-term Fed rate cut faded.

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MINING.COM Staff Writer | July 4, 2025 | 5:21 pm

MINING METRICS: Strong jobs report shakes gold market

Gold prices pulled back sharply following stronger-than-expected US jobs data—putting the brakes on hopes for a near-term Fed rate cut. To unpack […]

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MINING.COM Staff Writer | July 3, 2025 | 1:43 pm

Gold price drops nearly 1% on strong US jobs data

The selloff in gold comes after the latest US payroll numbers came in above analyst expectations, lowering the chances of a Fed rate cut.

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Staff Writer | July 3, 2025 | 8:18 am
Gold price drops to lowest in a month after US retail data surprise

Gold price fades on upbeat US jobs report

The decline follows new US data that showed a largely stable labour market for the month of May.

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Staff Writer | June 6, 2025 | 7:53 am

Gold price holds above $3,350 on trade uncertainty, jobs data

Gold is up around 28% this year, just $150 below an all-time high.

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Staff Writer | June 4, 2025 | 8:15 am

Canadian green iron industry could be worth billions, create 14,000 jobs –⁠ report

Report identifies “a vast but unrealized potential for Canada to shift from exporting raw iron ore to value-added green hot briquetted iron."

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Staff Writer | May 16, 2025 | 3:41 pm
B2Gold kicks off phased closure of Namibia mine

B2Gold to cut 300 jobs in Namibia this year

The Otjikoto mine produced a record 198,142 ounces of gold last year.

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Reuters | April 15, 2025 | 7:01 am

Carbon removal technologies could create tens of thousands of US mining and quarry jobs – report

The carbon removal industry could positively impact both the climate and the mining jobs market, according the Carbon Removal Alliance.

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Amanda Stutt | April 11, 2025 | 1:33 pm
India’s NMDC joins the race for former Rio Tinto’s diamond mine

US tariffs set to cripple India’s diamond industry, hurting jobs, exports

US takes more than 30% of India's jewellery exports.

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Reuters | April 4, 2025 | 7:14 am
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