Amplats shuts PGM unit after water leak

Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.

A UK listed junior exploration company is hoping to switch Chad’s historic focus from black gold to the more traditional metallic variety with ‘potentially nation-building’ projects.

The stock shot up 13% in London Wednesday after Firestone announced it had unearthed an 110-carat yellow diamond, it’s biggest find so far at its Liqhobong mine.

Together these giant orebodies contain reserves worth $796 billion at today's gold price.

So far this year, the commodity has risen just 0.6%, quite far from the over 20% gains seen just over a month ago.

The new law, which will come into force in 2021, requires importers to ensure their business do not contribute to armed conflicts.

French nuclear power giant Areva is reportedly cooperating with a legal enquiry by activists who say the company cheated Niger out of $3.25 million in uranium exports.

Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.

There are three key components to building a mine, starting with a competent, experienced management team.