Gem Diamonds posts record results, but withholds dividend

A bad choice of words.

Latin American-focused Canadian miner B2Gold said Wednesday it will buy CGA Mining for $1.1 billion to gain access to the Masbate mine, the largest operating gold project in the Philippines.

Workers at Lonmin's Marikana mine have accepted a 22% pay increase to end more than five weeks of deadly strikes.

South Sudan, the world's newest nation, has announced plans to enact a mining law by the end of October, pushing ahead exploration and expansion in the likely mineral rich, but unexplored country, helping it to diversify its economy away from oil.

What a difference a black swan can make.

A labour strike in demand for higher salaries continued at South Africa's second-largest gold producer, Gold Fields Ld. on Friday, as talks between KDC West miners and the company progress.

Aquarium Platinum (LON,ASX, JSE:AQP) and Xstrata (LON: ) are the latest casualties of the ongoing labour unrest in South Africa. Both companies announced Friday they have suspended operations, as police swooped on striking protesters.

Liberia's questioned commitment to the diamond industry’s efforts to prevent blood gems trade has driven the US Agency for International Development (USAID) to threaten with cutting the program, but authorities says it insufficient funds and not lack of will what is stopping the country.

The gold mining industry has been digging its own grave by telling just half of the real cost story, Gold Fields (NYSE:GFI) CEO Nick Holland told the audience Thursday at this year’s Denver Gold Forum in Colorado.