Infomine

By Cecilia Jamasmie Rio Tinto (ASX, LON:RIO) said Thursday is putting up for sale a 3.14-carat, vivid pink diamond at its 2018 tender, the largest stone of its colour in the history of the annual sale of sparklers from its West Australian-based Argyle mine. The emerald-cut polished stone, named The Argyle Alpha, is one of […]

By Cecilia Jamasmie As if ongoing probes on both sides of the Atlantic weren’t enough to deal with for miner and commodities trader Glencore (LON:GLEN), now a group of shareholders is mulling potential actions against the company for causing them to lose money. US law firm Quinn Emanuel, which is representing Glencore investors, said Thursday

By Frik Els The price of copper sank on Wednesday, losing more than 4% in New York to $2.7170 or $5,990 a tonne on the Comex market, its lowest level since July 20 last year. It was one of the busiest days of 2018 on commodity futures markets with with over 2.1m tonnes of copper

By Cecilia Jamasmie Five former mining executives at Turkey’s Soma coal mine have been jailed over the country’s deadliest mining disaster, which claimed the lives of 301 people in May 2014 in the town located 480 km south of Istanbul. The sentences, state-run Anadolu Agency reports, range from 15 to 22 years in prison for

By Cecilia Jamasmie Australia’s Lucapa Diamond (ASX:LOM) has found yet another large sparkler at its prolific Lulo mine in Angola — a 114-carat diamond, the eleventh 100-plus carat diamond recovered to date and the third this year. The 114-carat diamond is the eleventh 100-plus carat recovered to date and the third this year. The company

By Michael Allan McCrae Cummins acquired Silicon Valley-based Efficient Drivetrains, a designer and manufacturer of hybrid and fully-electric power solutions for commercial markets. Terms of the deal, which was announced July 2, were not disclosed. Acquisition is expected to close by the end of the calendar year. Efficient Drivetrains’ CEO says the move will help

By Frik Els Tesla’s North American assembly lines are humming at last but the company’s plans for Asia dwarves its current operations. Reuters quotes local Chinese media on Tuesday as saying the Californian company has signed agreements with Shanghai authorities that will allow it to open a plant in the Chinese city with an annual

By Cecilia Jamasmie Lithium exports from Chile, the country’s with the largest known reserves of the white metal in the world, jumped in 2017 becoming its fourth largest mining export behind copper, molybdenum and iron ore. Lithium exports hit $684.2 million last year, up 47% from $465 million in 2016. Shipments of the key ingredient

By Cecilia Jamasmie World’s No.1 miner BHP (ASX, NYSE:BHP), has been given the green light to go ahead with a planned expansion of its operations in Australia iron ore-rich Pilbara region for the next 50 to 100 years, which will secure its grasp over one of its most important commodities. Western Australia’s environmental authority approval

By Natalie Latuszek On July 6, 2018, Zaldívar signed a new power plant supply agreement with Colbún, a Chilean electric power utility company. The copper mine will be the first to operate with 100% renewable energy: a combination of hydro, solar, and wind power. The Copper Mine, located in Northern Chile, is a 50% joint