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This is what a $16.3 million yellow diamond looks like

The "Graff Vivid Yellow” diamond, one of the world’s largest…

BHP Billiton CEO speaks at Miami conference

The company has been trying to sell its 41.3% stake…

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EMED makes progress with reopening of Rio Tinto copper mine, Spain

EMED announced that the provincial government of Andalucia has unblocked the process required to grant the mineral rights for the Rio Tinto Mine to EMED Tartessus, the company’s wholly-owned Spanish subsidiary. Further, the government has made a decision on the tailings dam issue and ruled that EMED will assume formal responsibility for its maintenance and operation.

Rusal suffers further rebuff as court rejects injunction request

Moscow - OJSC MMC Norilsk Nickel (the Company) announces today that RUSAL has once again failed gain an injunction through court. The Krasnoyarsk Territory arbitration court has rejected the request for an injunction in a lawsuit brought by RUSAL against OJSC MMC Norilsk Nickel. The suit challenged the divestment of the OGK-3 generating company for a stake in Inter RAO.

Russian nuclear firm suspends uranium mining deal in Tanzania

The East African reports that the Russian state-owned nuclear energy firm JSC Atomredmetzoloto (ARMZ) is shelving a plan to acquire the $1.16 billion Mkuju Uranium assets in Southern Tanzania over the recent Japanese nuclear plant crisis. The move comes a month after the Russian firm obtained a take-over approval from the government of Tanzania under the Fair Competition Act 2003. The Tanzanian government had said that it would start higher grade uranium mining in early 2012 at Mkuju River following the completion of the feasibility study and the approval of environmental impact assessment of the area.

Aguablanca nickel mine to restart in 2012, Lundin says

Lundin Mining Corp. (TSX:LUN) says an assessment of its Aguablanca mine suggests full operations will likely restart in 2012 after a shutdown in December due to heavy rains, according to a report in The Brandon Sun: The base metals miner says it plans to spend the year preparing the mine to guarantee the operation's viability and safety after an assessment at the nickel mine in Spain.

Selwyn mobilizes

Selwyn Resources has mobilized the mining equipment and supplies integral to the Selwyn Project Joint Venture's proposed underground advanced exploration program.

White Tiger Gold swallows Century Mining Corp for C$743 million

Canadian gold miner White Tiger Gold Inc. has offered 0.40 of its share for each Century Mining share. The offer values Century at about C$1.82 a share -- more than three times the stock's Friday closing, according to Reuters: White Tiger's operations are mainly in Russia, including the Savkino and the Nasedkino project, while Century Mining's primary asset is the Lamaque gold mine in Quebec. The boards of both companies support the deal and White Tiger shareholders will own about 39 percent of the company.

Indian mining industry to face skilled manpower shortage

India, ranked among the top five global players in production of several major minerals, is poised for rapid growth in its mining industry - about five percent of the GDP. However, lack of skilled workers is set to hit the industry, creating a demand-supply gap of over 2,200 people by 2025, according to a study on mapping of human resources and skills for the mining industry in India by Confederation of Indian Industry (CII).