Junior Mining News

Cyclone damage causes BHP to declare force majeure in Australia

By analyst By Cecilia Jamasmie World’s largest miner BHP Billiton (ASX:BHP) said on Wednesday it won’t meet its coal export commitments due to the damage caused by a cyclone that struck Australia’s north-east coast last week. Damage to rail lines in cyclone-hit Queensland have disrupted the shipment of between 15 million and 20 million tonnes

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Firestone soars after finding massive diamond at new Lesotho mine

By analyst By Cecilia Jamasmie Shares in Africa-focused Firestone Diamonds (LON:FDI) shot up in London Wednesday after it announced it had unearthed an 110-carat yellow diamond, it’s biggest find so far, at its newly developed mine in Lesotho. The company, which is just ramping up production at its Liqhobong operation, said the finding confirmed its

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Dominion Diamond looks for potential buyers in own backyard — source

By analyst By Cecilia Jamasmie Dominion Diamond (TSX, NYSE: DDC), which put itself up for sale last week after receiving a $1.1 billion takeover bid from US billionaire Dennis Washington, is said to be looking to secure a deal with fellow Canadian diamond miners, a source familiar with the matter who wishes to remain anonymous

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Both Gold and The Dollar Up From Recent Lows As More Fed Officials Comment on the Pace of US Rate Hikes

By analyst At the close of US trading Monday April 3, gold futures remained 1% below their three-month high from Monday of last week. Since dipping into the $1190s on March 10 however, the price for one ounce… …read more Source:: PRNewswire-Mining and Metals The post Both Gold and The Dollar Up From Recent Lows

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