Botswana Diamonds detects 13 new diamond targets
Botswana Diamonds, the Diamond exploration company, has identified 13 specific sites in the north east of Botswana believed to contain diamond kimberlites.
Cecilia Jamasmie , Editor-in-Chief
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Vale to pay Brazil $674 million in mining taxes
Mining giant Vale (NYSE:VALE) has started paying the Brazilian government $674 million ($1.4 billion real) in a dispute over mining royalties.
Molycorp shares dive as CEO quits and firm faces investigation
Shares of rare earth miner Molycorp were falling Thursday morning as the company’s president and chief executive, Mark Smith, left without explanation and the company revealed it was under investigation from the United States SEC.
Major management reshuffle at Centerra Gold
Two of its senior executives are retiring in February next year.
Colombian armed rebels tighten control over gold mining
Mining, not drugs, main income source for the revolutionary groups in Colombia.
Top fashion bloggers choose top 5 diamond engagement rings
In an original approach to social media marketing, De Beers invited five top international bloggers to its stores in London and New York to pick out which it would be their dream engagement ring.
Taseko Mines weathers multiple storms
Canadian Taseko Mines (TSE:TKO) is having a rocky end of the year as workers threaten with a strike at the company’s copper-molybdenum Gibraltar mine, in British Columbia, and First Nation representatives are calling the company to “stop wasting everyone’s time” and withdraw the controversial New Prosperity mine project proposal, also in B.C.
Rockwell Diamonds mothballs Tirisano mine
Canadian Rockwell Diamonds (TSX:RDI, JSE:RDI) has decided to place its operations at its Tirisano mine in South Africa “on care and maintenance,” following persistent industrial relations issues and ongoing losses incurred by the mine,
Xstrata puts off $5.9bn mine in Philippines until 2019
Swiss miner Xstrata (LON:XTA) is delaying the commercial production of its $5.9 billion Tampakan copper-gold project in the Philippines to 2019, Sagittarius Mines Inc, the firm's local unit, said Wednesday.
Centerra makes junior’s Christmas, becomes sole owner of gold project in Turkey
London-based explorer Stratex (LON:STI) got an early Christmas present this year, as Canadian Centerra Gold (TSX:CG) paid the junior and partner in the Turkey’s Oksut project a noteworthy $40 million for its 30% stake in the venture.
Lockheed Martin reboots Pacific seabed mining plans
The US defense giant holds two licenses in the mineral-rich Clarion-Clipperton Zone in the eastern Pacific ocean.