Infomine

By Cecilia Jamasmie World’s top diamond producer by output Alrosa (MCX:ALRS) is stepping up efforts to tap into the Chinese market in an attempt to catch up with main rival De Beers in a market that has shown stable growth. The Russian miner currently supplies at least 5% of its rough diamonds to China (around […]

By Michael Allan McCrae First Cobalt acquired full ownership of its Idaho-based Iron Creek project and eliminated its royalty, the company announced yesterday. The Iron Creek project was previously under lease to First Cobalt. Under the terms of the lease, First Cobalt was required to make monthly payments and the leaseholder retained a 4% royalty

By Frik Els Oversupply in China has seen lithium prices drop precipitously this year with carbonate now selling for nearly half than during the first quarter. The Benchmark Mineral Intelligence price assessment released today shows domestic Chinese lithium carbonate of battery grade falling to an average $13,000 per tonne in August, down 47% on the

By Frik Els Source: LME, Comex via Bloomberg Bears ripped into mining and metals stocks on the first post-summer trading day in Europe and North America on Tuesday on worries about the robustness of the Chinese economy and the impact of the top commodity importer’s widening trade war with the US. Copper touched a low

By Michael Allan McCrae Helium prices were bid up 35% from last year’s auction when the US Bureau of Land Management held its 2019 auction. Gasworld reports that the average price fetched at the auction, which was held last week in Amarillo, Texas, was $160.64 per million standard cubic feet compared to $119.31Mscf a year

By Cecilia Jamasmie After shocking the market with a decision to start selling jewellery containing synthetic diamonds, Anglo American’s De Beers is planning to let buyers refuse some lower-quality stones. The unusual move (the world’s No.1 diamond miner is famous for requiring buyers to take what’s offered) says lots about the state of the low-end

By Valentina Ruiz Leotaud Environmentalists interviewed by AFP said they believe Chile’s 24,114 glaciers are in danger from mining activity. Climatologist Fabrice Lambert told the news agency that glaciers that are close to mining sites get covered by dust and such particles absorb solar energy in a way that could increase the rate at which

By Valentina Ruiz Leotaud The Australian division of coal miner Peabody (NYSE: BTU) announced this week that its rehabilitation efforts to turn the Millennium mine site into grazing land will be completed two years ahead of schedule. The land reclamation process at the open-pit coal mine started back in 2009 and the company is convinced

By MINING.com Editor Birimian Limited, (ASX:BGS) the Australian developer of a $199 million lithium mine in Mali, is targeting first production for Q1 2020. The Goulamina mine is one of the world’s largest undeveloped high-grade lithium deposits and will represent 15% of the current global lithium supply. The Goulamina mine is one of the world’s

By Cecilia Jamasmie Serbia has picked a Zijin Mining, China’s largest gold miner and one of the country’s top copper producers, to take over its debt-hit copper mining and smelting complex RTB Bor, Minister of Mines and Energy Aleksandar Antic said on Friday. The $1.26 billion-deal, which gives Zijin a 63% stake in the asset,