South Africa's Gold One followed Amplats example and fired Tuesday 1,435 of its 1,900 Ezulwini employees in South Africa, after a week-long illegal strike.
“The Silver Bomb: Beyond The Return Of Metal As Money” has come up with an infographic that explores why some investing experts believe that silver’s price may outpace gold.
Africa-focused junior miner Firestone Diamonds reported that the quality and value of diamonds recovered at its Liqhobong plant in Lesotho has improved since the company shut down the plant in July.
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.
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.
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.
