President and CEO Stuart Brown spent 19 years with De Beers.
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1,349 announced mining deals valued at $86B through December 18, up 60% from 2017.
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Mining costs rose steadily through the 2000s which should have hurt a lot of gold miners. But it didn’t.
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The report does have a caveat.
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The Australian diamond miner has secured 100 million rand (about $7m) in development funding for the Lesotho mine from South Africa’s Industrial Development Corporation (IDC).
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The massive iron ore mine was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes of the steelmaking material.
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The Magenta project is located in Sinaloa, northwestern Mexico, and consists of five claims totaling 2,274 hectares.
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The Blackwater mine was once the most prolific mine in the Reefton Goldfield, producing 700,000 ounces of gold between 1908 and 1951.
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The Canadian miner miner said the job cuts will be implemented in phases during the first quarter of 2019, adding they’ll be equally split between its Kansanshi and Sentinel mines.
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The company will continue to explore the anomaly as well as look for gabborites containing cobalt.
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