Cecilia Jamasmie , Editor-in-Chief

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.

Cecilia Jamasmie | October 9, 2012 | 2:18 pm

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.

Cecilia Jamasmie | October 9, 2012 | 1:38 pm

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.

Cecilia Jamasmie | October 9, 2012 | 12:38 pm

New mining rules coming up for Canada’s northern Ontario already igniting debate

A new set of regulations for prospectors and 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.

Cecilia Jamasmie | October 5, 2012 | 6:28 pm

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.

Cecilia Jamasmie | October 5, 2012 | 5:00 pm

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.

Cecilia Jamasmie | October 5, 2012 | 4:19 pm

Anglo American Platinum fires 12,000 workers

Anglo American Platinum, the world's largest platinum producer, has fired 12,000 workers taking part in a three-week illegal strike after following through on tough talk over wildcat stoppages in South African mines.

Cecilia Jamasmie | October 5, 2012 | 3:00 pm

Vale freezes operations at two plants due to falling steel demand

Brazil’s mining giant Vale (NYSE: VALE) will temporarily halt operations at its São Luís and Tubarão I and II pellet plants starting October 8 and November 13 respectively.

Cecilia Jamasmie | October 5, 2012 | 1:50 pm

Gold mining to drive Burkina Faso’s growth but companies at risk

The West African nation of Burkina Faso is forecasting its gold industry will boost growth next year, but the latest report from UK-based think-tank Exclusive Analysis, warns of increasing risks of kidnap and collateral harm by Islamist groups spreading from northern Mali.

Cecilia Jamasmie | October 5, 2012 | 12:58 pm

AngloGold Ashanti faces health-related negligence charges

Thirty-one former South Africa’s AngloGold Ashanti (NYSE:AU) miners are taking the company to court, accusing its executives of health-related negligence.

Cecilia Jamasmie | October 4, 2012 | 4:00 pm

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