Infomine

By Valentina Ruiz Leotaud Gem Diamonds (LON:GEMD) revealed that the 10 rough, larger-than-100-carats diamonds that its Letšeng mine produced in the first six months of 2018 helped boost the company’s sales by 43 per cent to $169.2 million. Rough stones from Letšeng, which is located in northern Lesotho, achieved an average price of $2,742 per […]

By Valentina Ruiz Leotaud Researchers at the National High Magnetic Field Laboratory in Florida have discovered a behavior in materials called cuprates that suggests they carry current in a way entirely different from conventional metals such as copper. Also known as “strange metals,” cuprates are high-temperature superconductors that can carry current without any loss of

By Valentina Ruiz Leotaud Five bodies were recovered from a collapsed marble and limestone mine in the town of Dengantzha, located in the Hidalgo state in central Mexico. After a three-day search effort, rescue workers found this weekend the body of a 60-year-old local shepherd who was visiting his friends at the site when the

By Valentina Ruiz Leotaud Russian giant Alrosa (MCX:ALRS) announced the selling of the most important diamond in its Dynasty collection, a 51.38-carat round stone, D color (colorless), with VVS1 clarity and no inclusions. In a press release, the company said that the Dynasty diamond “is the purest of all large diamonds manufactured throughout the Russian

By Valentina Ruiz Leotaud A researcher at the University of Kansas was awarded $750,000 by the U.S. Department of Energy so that he and his team can examine several previously unexplored ways to process uranium using cheaper and safer methods than those currently employed. James Blakemore, assistant professor in the Department of Chemistry, wants to

By Frik Els Copper’s fightback came to a screeching halt on Wednesday trading down 3.7% on news the Trump administration plans to propose a 25% tariff on $200 billion of imported Chinese goods intensifying an already acrimonious trade dispute with Beijing. Copper touched $2.7260 or $6,010 a tonne on the Comex market in New York

By Frik Els Changes to Chinese subsidies for hybrid and battery-powered vehicles – or new energy vehicles in local parlance – announced in February that came into effect mid-June are already having a dramatic impact. According to data from China’s Ministry of Industry and Information Technology, some 64,000 battery-electric vehicles (BEV) rolled off production lines

By Cecilia Jamasmie Miner and commodities trader Glencore (LON:GLEN) reported Tuesday higher output from Katanga, its key copper and cobalt mine in the Democratic Republic of Congo. The Swiss company it produced 696,200 tonnes of copper in the first half of the year, against 642,900 in the previous year, and 16,700 tonnes of cobalt, the

By Cecilia Jamasmie De Beers, the world’s largest rough diamond producer by value, said Tuesday it had decided to proceed with the closure and rehabilitation of its Voorspoed diamond mine in South Africa. The Anglo American unit, which is currently spending $2 billion on the Venetia underground diamond mining project in Limpopo, said the move

By Valentina Ruiz Leotaud Australia’s Lucapa Diamond (ASX:LOM) announced Monday the recovery of yet another special diamond from its 70 per cent-owned Mothae diamond mine in Lesotho. The 11.88-carat diamond was recovered from the North zone and, according to Lucapa, it is the first of its kind recovered from that section of the Mothae kimberlite