Kinross workers strike at Mauritania mine

Canada's Lucara Diamond had launched a a competition to name the rock earlier this year.

Company has already told employees that the mine will shut down in August.

This is the third time in a month the U.S. coal miner downsizes its workforce.

Tahoe Resources has agreed to buy Canadian precious-metals miner Lake Shore Gold in an all-stock deal valued at Cdn$945 million ($678 million).

The nation has struggled to manage its resources leading to disagreements and protests of mining operations.

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.

After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.

The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.