Infomine

By Cecilia Jamasmie Australia’s Lucapa Diamond (ASX:LOM) said Thursday production at its 40%-owned prolific Lulo project, in Angola, rose 20% during the June quarter. Production at the mine, which has yielded massive diamonds this year, reached 5,058 carats during the three months to June, up from the 4,203 carats in the previous corresponding period, the […]

By Cecilia Jamasmie World’s second largest miner Rio Tinto (ASX, LON:RIO) said its recent decision to consolidate the sales and marketing teams in London and other European countries into one located in Frankfurt, Germany, had less to do with Brexit than with “synergies.” In an interview with Australian Financial Review (subs. needed), chief executive Jean-Sébastien

By Cecilia Jamasmie Petra Diamonds (LON:PDL) climbed on Thursday after the miner said it had sold its stake in the Kimberley Ekapa Mining joint venture to its to its namesake partner, Ekapa Mining, for about 300 million rand ($22 million). London-listed shares in the South African diamond producer, which have more than halved in the

By Cecilia Jamasmie Former Rio Tinto’s head of iron ore business in China, Stern Hu, has been released Wednesday after spending nearly nine years in prison in Shanghai, following a 2010 conviction for corruption and industrial espionage. The Australian citizen and three of his Chinese colleagues were arrested in 2009 during contentious iron-ore contract talks

By Michael Allan McCrae Worldwide zinc production swooned between 2015 and 2017 dropping 23 per cent. According to Mining Intelligence, zinc production by publicly-traded mining companies in 2015 was 9,769 kilotonnes. Figures don’t include production in China, which is responsible for 40% of global mine production. After the rug was pulled out from under base

By Frik Els Shares in Canada’s Nemaska Lithium (TSX:NMX, OTC:NMKEF) swung wildly on Tuesday after the company inked a supply deal with a South Korean battery maker that all but ties up full production from its Quebec project until after 2025. Nemaska sank more than 5% on US over the counter markets in morning trade,

By Cecilia Jamasmie The London Metal Exchange (LME), the world’s biggest market for industrial metals, is stepping up efforts to make sure cobalt traded on the exchange is not mined using child labour, particularly in the Democratic Republic of Congo. Starting next year, the LME will demand all companies that get at least 25% of

By Cecilia Jamasmie Shares in miner and commodities trader Glencore (LON:GLEN) fell the most in two years after it revealed that US authorities had ordered it to hand documents and other records relating to possible corruption and money laundering. The Swiss firm said Tuesday it had received a subpoena from by the US Department of

By Frik Els The iron ore price continued to retreat on Monday on worries about a slowdown in top consumer China and as trade war fears continue to weigh on the industry. The CFR 62% Fe benchmark import price at the port of Qingdao tracked by Metal Bulletin declined to $64.45 a tonne, down 11.6%

By Valentina Ruiz Leotaud Sienna Resources (TSXV: SIE) announced that it has started an extended sampling and geophysical program on the Slättberg nickel-copper cobalt project, located 25 kilometres northwest of Falun, Sweden. In a press release, the Vancouver-based company explained that the historic mining camp hosts cobalt-nickel-copper rich massive sulfide mineralization. Therefore, its engineers will