World’s fourth-biggest diamond mine cuts output

Majors and juniors swap roles in $7 billion a year mining exploration sector

The Anglo American's unit logged earnings of $607 million for 2016, basically double the $304 million it recorded in 2015.

Big, valuable gemstones that may eventually get cut into smaller diamonds keep getting discovered in Angola.

The miner attributed the good results to higher metals prices, increased gold and copper output and productivity improvements.

A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.

Until 2014 Thabazimbi was a captive mine owned and run by SIOC, but supplying ore exclusively to and funded by AMSA.

While iron ore prices have climbed 90% in the last year to over $80 a tonne, the sale of Kumba would prove prudent for Anglo's long-term outlook, given its high debt load, BMI analysts say.

Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.

An armed attack on the Twanziga gold mine in eastern Democratic Republic of Congo (DRC) Tuesday has resulted in four casualties.