Infomine

By Cecilia Jamasmie Australia’s Lucapa Diamond (ASX:LOM) has found an 89-carat yellow diamond at its 70%-owned Mothae mine in Lesotho during the current bulk sampling program. The company’s managing director, Stephen Wetherall, said the recovery of such a large diamond so early in the bulk sampling program provided further proof that, just like the neighbouring […]

By Cecilia Jamasmie Chile’s government is giving state-owned Codelco $1 billion in “extraordinary” capitalization to help it fund an ambitious plan aimed at upgrading its aging mines and dealing with dwindling ore grades. The country’s mining minister, Baldo Prokurica, said the backing was essential for Codelco to keep up production numbers and so remain as

By Cecilia Jamasmie China’s Contemporary Amperex Technology (CATL) is said to be ready to start building a battery factory in Germany, planting a flag on the grounds of car giants BMW, Volkswagen and Daimler AG as part of a plan to settle close to most European automakers. Plant expected to be at the German state

By Michael Allan McCrae Bluerock Diamonds was up 7.87% to GBX1.27 (CAN0.02) a share after announcing production had resumed at its South African diamond mine, Kareevlei. The company announced that it had found a long-term fix for its cone crusher which had been affecting throughput. The company says that changes made to the crushing circuit

By Michael Allan McCrae BHP Billiton will add two electric vehicles to its 240 fleet of trucks at its Olympic Dam mine in South Australia. The vehicles are being tested looking at various performance measures, such as the vehicles’ performance, power supply, maintenance requirements, charging time and corrosion resistance underground. The electric vehicle will look

By Frik Els The price of copper succumbed to renewed weakness on Thursday crashing through the $3.00 a pound level in New York in brisk trade with over 1.2m tonnes of September copper worth $8 billion exchanging hands by lunchtime. Copper touched its lowest since the beginning of October last year in morning trade at

By Cecilia Jamasmie US miner NioCorp Developments (OTCMKTS:NIOBF)(TSX:NB) revealed Thursday is about to receive a $1 million-shot in the arm from an entity managed by The Lind Partners, a New York-based asset management firm. The Colorado-based company, which expects to receive the funding on or around July 9, is in the midst of developing its

By Cecilia Jamasmie A group representing users of imported steel filed Wednesday the first known legal challenge to steel tariffs imposed by US President Donald Trump earlier this year. With the lawsuit, taken to the US Court of International Trade in New York by the American Institute for International Steel (AISS) and two of its

By Cecilia Jamasmie Australia’s Hawkstone Mining (ASX:HWK) has decided to revisit plans to buy lithium projects in the US only weeks after it said it wouldn’t proceed with their acquisition. Earlier this month, the miner walked away from its planned 100% takeover of USA Lithium, saying it was unable to reach a deal to de-risk

By Cecilia Jamasmie Anglo American’s De Beers, the world’s largest rough diamond producer by value, said Tuesday it had sold $575-million worth of gemstones in the fifth sales cycle of this year. The figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it