Cecilia Jamasmie

Mitsubishi kisses thermal coal goodbye, sells Aussie mines

Japan’s biggest trading house is selling its 31.4% stake in Clermont coal mine to a 50-50 joint venture between Glencore and Sumitomo Corp, and its 10% stake in Ulan coal mine to Glencore.

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Randgold to cease trading as merger with Barrick gets final approval

The planned merger, which creates the world’s top gold miner by value and output, has been approved by the Royal Court of Jersey.

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These are the three main trends to shape the diamond industry in 2019

According to Bain & Co., diamond miners and retailers will face an Increasing influence of digital technologies, growing presence of lab-grown stones and shifting preferences of younger generations of consumers.

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Explorex Resources begins drilling for cobalt in Canada’s New Brunswick

The Canadian junior miner is taking advantage of a window of opportunity presented by a local drill company to complete two holes prior to the Christmas break.

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Largest diamond in North America found in Canada’s Diavik mine

The 552-carat yellow diamond was found at the Diavik mine in the Northwest Territories, and is almost three times the size of the next largest stone ever found in Canada.

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Barrick ups investment in Reunion Gold, hopes for big payoff in Guiana

The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner unchanged.

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