South African platinum stocks extend 2019 surge into new year

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.

An independent report has confirmed the Montepuez mine holds the largest deposit of rubies in the world, with projected output of 432 million carats over 21 years.

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

The Russian company, hit by a sustained slowdown in the diamond market, said its rough diamond have declined by 6% in the first six months of the year.

Work still continues on the development of its underground operation and second hydropower plant.

The star of the show was a 341.9 carat diamond —unveiled in April —, which sold for $20.55 million