Russia-Zimbabwe platinum venture needs $500 million for first phase

Financing and marketing are two of the key challenges the industry will have face when trying to keep the global diamond market growing.

Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.

Mitsui, which since 2003 is part of the holding group that controls Vale, is expanding partnerships with the world’s largest iron-ore miner.

Whether it’s the development of a new mine in Central Africa or fracking in the English Home Counties, the scope for complex and sensitive human rights issues to arise is very real.

The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.

Uganda may become a more important player in the African iron ore market, after a recent geological survey revealed much bigger deposits of the steel-making ingredient than found during colonial mappings.

Rio Tinto is suing Vale for billions over allegations the Brazilian giant and its former partner illegally acquired the West African iron ore deposit, one of the richest prizes in all of mining.

The miner confirmed Friday it is in talks “with a potential investor,” but did not name its counterpart.

Walsh emphasized Rio was not planning any major acquisition to protect itself from a potential takeover by the commodity trader and miner rival.