Infomine

By Cecilia Jamasmie The largest and finest fancy vivid pink diamond ever offered at auction by Christie’s it’s about to go under its hammer in Geneva, with experts expecting it to fetch a record price of between $30 million and $50 million. The rectangular cut diamond, named Pink Legacy, was once part of the Oppenheimer […]

By Cecilia Jamasmie Miner and commodities trader Glencore (LON:GLEN) is increasing the size of its buyback program announced in July by purchasing another $1 billion of stock from now until the end of February 2019. The Swiss company had announced plans to buy back as much as $1 billion of its shares after the US

By Mining Intelligence Typically, bigger mines with high production rates have lower operating costs. But is bigger always better? Building a big mine can require significant capital expenditures. These will impact the overall economics of a project. On October 1, 2018, Mining Intelligence will launch the Surface Evaluation Application. This cloud-based application is the latest

By Cecilia Jamasmie Shares in rare earths producer Lynas Corporation (ASX:LYC) fell Monday after the Australian miner responded to media reports indicating the new Malaysian government was set to launch an official review of the company’s refinery, located in the province of Kuantan. While the Sydney-based miner had received no official notification as of Monday,

By Valentina Ruiz Leotaud Researchers at Soonchunhyang University in South Korea are processing copper nanoparticle ink with green laser light to use it for printing cheaper electronic circuits. In a paper published in the journal AIP Advances, the scientists explain that metallic inks are composed of nanoparticles and they hold an advantage over bulk metals

By Cecilia Jamasmie US coal producer Peabody Energy (NYSE: BTU), the world’s largest privately owned producer of the fossil fuel, said Friday it had agreed to buy Shoal Creek metallurgical coal mine in central Alabama from Drummond Co. for $400 million. Located on the Black Warrior river, the mine serves the Asian and European steel

By Cecilia Jamasmie China’s No.1 producer of lithium, the coveted metal used in the making of batteries that power electric-vehicles (EVs), has agreed a deal with Tesla Inc. to supply 20 percent of its production to the car maker. The three-year agreement, valid from January 2018 to December 2020, can be extended by another three

By Cecilia Jamasmie Colombia’s Constitutional Court has sided with Australia’s South32 (ASX, LON, JSE:S32), saving the company from paying $400 million in compensation for alleged damages to local communities caused by waste emissions from its Cerro Matoso nickel mine and smelter. The final ruling, local paper La Razón reported, was based on independent medical examinations

By Cecilia Jamasmie Shares in Rio Tinto (ASX, LON: RIO) jumped about 3% in both Sydney and London after the world’s No.2 mining company said it would return $3.2 billion to investors through a share buyback primarily focussed on its Australian-listed ones. The fresh round of returns, which will be funded with the proceeds from

By Cecilia Jamasmie Norsk Hydro has backed out of a $345-million deal to buy Rio Tinto’s (ASX, LON:RIO) aluminum plant in Iceland amid increasing uncertainty in the market and opposition from European regulators. The Norwegian firm, one of the world’s top producers of aluminum and alumina, said securing competition approval had taken “longer than anticipated”