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De Beers cuts diamond prices after Covid-19 curbs demand

Photo by Reuters De Beers has finally decided to cut the price of its diamonds in a bid to spark sales after the coronavirus pandemic paralyzed the industry. De Beers, the world’s biggest producer, told customers that it is cutting prices for larger stones by almost...

Coal miners trapped for 5 days in Colombia, rescued

Three miners who were trapped in a coal mine for five days have been rescued and are now recovering at a hospital near Colombia’s capital city. Manuel Sanchez, Juvenes Avila and Javier Salas were carried out of a mine in the municipality of Lenguazaque Sunday night...

Titan divests of Peruvian projects

Titan Minerals has struck a divestment agreement over its noncore Peruvian assets, as part of a strategic review to consolidate its operations. The Peruvian assets were acquired as part of Titan’s acquisition of Canada’s Core Gold. The company on Monday unveiled that...

Lynas secures Kalgoorlie rare earth facility sub-lease

Kalgoorlie Lynas Corporation has signed a sub-lease with the City of Kalgoorlie Boulder for a 135-hectare area where its rare earth processing facility in Western Australia will be constructed. The processing facility is described as a “foundation project” for the...

Fortescue set for December start at Eliwana

Image: Fortescue Metals Group Fortescue Metals Group is on track to deliver first ore from the Eliwana mine and rail project in Western Australia in December this year. The company invested $US771 million ($1.08 billion) in capital expenditure, including at Eliwana...