Anglo American shares rally on iron ore output hike, cost-cutting measures

Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) reduced Tuesday its 2012 production target for the Diavik mine to 7.4 million carats as the operation shifts its efforts to concentrate on processing higher-valued diamonds.

Firestone Diamonds (LON:FDI) announced Tuesday the recovery of a batch of very rare type 2 diamonds from its Liqhobong mine in Lesotho as well as an even scarcer blue diamond.

Diversified mining giant Rio Tinto (ASX:RIO) has raised iron ore output 5% year-on-year in the third quarter on the back of record production levels in Western Australia's Pilbara.

The European Union announced on Tuesday the imposition of sanctions against state-owned Iranian oil and gas firms in response to Tehran's ongoing nuclear ambitions.

The Archduke Joseph diamond, a storied gemstone weighing more than 76 carats, is expected to fetch over USD$15 million when auctioned by Christie's in Geneva this November.

A Wisconsin man has a found a 1.2 carat diamond while panning for gold in the refuse of a friend's freshly drilled well.

“This is a testament to the Veolia Project Team’s focus on safety and efforts to raise the awareness of safe work practices among our fabricators all around the world,” remarked Veolia Project Manager, Bob Patchak.

...designed with an innovative quadpod tower configuration fitted with a 400 watt and metal halide lamp for portability and high output in areas designated as hazardous locations.

Leading provider of intuitive software solutions to the mining and exploration industry, MICROMINE has been announced as “Innovator of the Year” at the 2012 Russian Mining Excellence Awards.