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Gem Diamonds unearths 442ct diamond

Image: Gem Diamonds Gem Diamonds has found a high quality 442-carat Type II diamond at the Letšeng mine in Lesotho. The Letšeng mine in Lesotho is the highest dollar per carat kimberlite diamond mine in the world, with the 442 carat discovery being one of the largest...

Fortescue addresses growing climate change challenge

Image: Fortescue Metals Group. Fortescue Metals Group has continued to work towards its 2040 net zero emissions target according to the company’s 2020 climate change report. The mining giant acknowledged interest in climate action from its stakeholders, as the company...

Rio Tinto takes option on ALX nickel project

ALX Resources recently announced that it had entered into an option agreement with global mining major Rio Tinto over a nickel project in northern Saskatchewan, sending its shares up nearly 17% in early morning trade. The Falcon project, near the town of Stony Rapids,...

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...