The only way companies will cut costs and increase efficiency will be to embed digital technologies in every dimension of how mines are operated and managed, says Barrick Gold.
The miner is confident in the long term outlook for the diamond industry and it expects is to be cash flow positive in the second half of the current financial year.
Hochschild Mining PLC, which operates three mines in Peru and one in Argentina, has soared 460 per cent in 2016, beating every other company in the Bloomberg world index of 5,125 stocks.