November 7, 2012

Congo to discuss mining code changes with companies

The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will be first discussed with mining companies and also consulted with the World Bank…

November 6, 2012

Canadian Lucara Diamond finds rare blue stone in Botswana

Canada's Lucara Diamond Corp. (TSX:LUC) said it recovered a 9.46-carat rare type II blue diamond from its Karowe mine in Botswana.

November 6, 2012

Russian government allows foreign investors to develop strategic gold and precious metals minefields

The Russian government is considering allowing foreign investors to develop strategic gold and precious metals minefields, through the adoption of amendments on the currently existing federal law “On Subsoils”, which…

November 6, 2012

Chinese jewelers spread inland spurred by spike in consumer demand for gold

China's jewelry stores are expanding into smaller inland cities as demand for gold rises amongst the country's increasingly affluent consumer base.

November 6, 2012

Australian miners take battle against tax to High Court

The Australian resources sector has taken its battle against the Gillard government's contentious new mining tax to the nation's High Court.

November 5, 2012

Two years in jail for diamond swallower

Sri Lanka's diamond-swallowing story from early September continues to be an unsolved mystery, but the Chinese man who swallowed a fake diamond in a daring bluff that allowed an accomplice…

November 5, 2012

Junior miners see light at the end of global downturn tunnel

While the harmful effects of the slumping global economy over junior miners are nothing new, companies that have seen their value down on the TSX Venture Exchange this year and…

November 5, 2012

Mining industry eschews mega projects to boost shareholder returns at consumers’ expense

Mining executives have given a clear indication that they plan to slash capital spending and reduce supply in order to improve shareholder returns at the expense of consumers.

November 4, 2012

Indian diamond industry shuts down for Diwali

The center of the global diamond-polishing industry in India will shut for around three weeks during the Hindu Diwali vacation.

November 2, 2012

‘The mining boom is bust’: Caldwell

The international resource sector faces rough waters ahead according to an industry insider who has just completed a round-the-world tour of key mining regions.