Private miners overlook disclosure: legal experts
Many private Canadian mining companies may be unaware that they are subject to the same technical disclosure rules as public issuers and that they could face compliance risks under a…
Diamond
Delays hit Gemfields ruby plant in Mozambique
Gemfields (LSE: GEM; JSE: GML) said on Friday that the commissioning of a second processing plant at its Montepuez ruby mine in Mozambique has been postponed to September due to…
Karelian spots Victorian-era copper target in N. Ireland
Karelian Diamond Resources (LSE-A: KDR) says it has identified a “significant new copper target” within the recently awarded KDR4 licence area in Northern Ireland. The company found the copper target…
Karelian clears hurdle for EU’s first diamond mine
Karelian Diamond Resources (LSE: KDR) has registered its Lahtojoki mining concession in the Finnish land registry, advancing its plan to develop what could become the European Union’s first diamond mine….
Resigning Rio CEO asserts company unity
Rio Tinto’s (NYSE, LSE, ASX: RIO) departing CEO Jakob Stausholm says he hasn’t fallen out with chairman Dominic Barton despite Reuters citing unnamed company officials to the contrary. Management and board…
Diamond mining industry cracks under pressure
The global diamond industry is rapidly collapsing, with plunging revenues, halted operations, and doubts about its relevance.
Shock exit: Rio Tinto CEO Stausholm to step down
Rio Tinto (ASX, LSE: RIO) announced on Thursday the unexpected exit of CEO Jakob Stausholm later this year, ending a nearly five-year tenure marked by efforts to restore trust with…
Canada’s mineral output value fell in 2023, report finds
The economy of the future depends on minerals and metals from Canada, MAC asserts.
Rare 10-carat blue diamond could fetch $20M
A rare 10-carat blue fancy diamond could fetch up to $20 million (C$27.8 million) when it goes before bidders in Geneva on May 13, auction house Sotheby’s said on Thursday….
Gemfields to resume emerald mining in Zambia
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) is to resume open-pit mining at its 75%-owned Kagem emerald mine in Zambia, ending a four-month pause triggered by weak market…
Rio Tinto’s Diavik mine wins award for solar plant
Rio Tinto said its Diavik diamond mine in Canada’s Northwest Territories won an environmental award for its 3.5-megawatt solar power plant – about a year before the mine’s planned closure….
Petra Diamonds delays sale amid US tariffs uncertainty
Africa-focused Petra Diamonds (LSE: PDL) has postponed a scheduled sale of about 200,000 carats of diamonds from its Cullinan mine in South Africa, citing uncertainty over the impact of new…