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.
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.
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.
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.
Mining companies would give their eye teeth to exploit Afghanistan’s recently discovered $1 trillion of untapped mineral wealth, but analysts warn that corruption, war and lack of infrastructure are likely to keep delaying a mining boom in the country.
Platinum miner Lonmin's (LON:JSE) has signed an agreement to end a nearly four-week platinum-mine strike and return to Marikana mine by Monday, but key parties didn't participate, undermining the government-backed attempt put an end to a violent labour dispute that has left 44 people dead.
The creative department at Visual Capitalist has come up with another infographic on gold. In this, the last of a three-part series, they show us how gold is used across the globe.
