The last time the weather event was present, it wrought havoc on the mining industry in Australia, with thermal and coking coal mines in Queensland hit by flooding from cyclones and heavy rain.
A jaw-dropping 158.2-carat diamond worth over $1.5 million, which was discovered in Russia early this month by Alrosa, was shown to the public for the first time Thursday.
Colombia's booming mining and oil industries are likely to be the centre of terrorist attacks over the coming months as soldiers and guerrillas fight on the battlefield, while their delegations hold peace talks to end the country's half-century-old conflict.
Only five months after Google’s billionaire co-founders and filmmaker James Cameron officially launched their asteroid mining focused Planetary Resources company, the U.S. National Aeronautics and Space Administration (NASA) is funding a study to evaluate how viable the endeavour really is.
The debated contract, that has Colombian authorities divided over the terms under which BHP Billiton should operate the Cerro Matoso nickel mine, found a momentary solution this week after the government decided to extend the mining deal until 2029.
Hedge funds have placed major bets on silver due to expectations that the precious metal will outpace gold in the wake of expansionary measures by the world's central banks.
An energy analyst has concluded that the key factor causing the world's economic woes is ”high-priced fuel syndrome“ which induces sluggish growth and range of other ailments.
A senior manager from China's largest listed steel maker has said the government's stimulus package will do little to revive Australia's beleaguered iron ore sector.