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Cyclone damage causes BHP to declare force majeure in Australia

By analyst By Cecilia Jamasmie World’s largest miner BHP Billiton (ASX:BHP) said on Wednesday it won’t meet its coal export commitments due to the damage caused by a cyclone that struck Australia’s north-east coast last week. Damage to rail lines in cyclone-hit Queensland have disrupted the shipment of between 15 million and 20 million tonnes

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Firestone soars after finding massive diamond at new Lesotho mine

By analyst By Cecilia Jamasmie Shares in Africa-focused Firestone Diamonds (LON:FDI) shot up in London Wednesday after it announced it had unearthed an 110-carat yellow diamond, it’s biggest find so far, at its newly developed mine in Lesotho. The company, which is just ramping up production at its Liqhobong operation, said the finding confirmed its

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