China wants to reduce winter pollution by cutting steel production

China is expected to slash in half the rate of steel production in Tangshan, a city in the north-east that produces 11 per cent of the country’s total output. The reduction is aimed at diminishing winter pollution from plants that...

/ September 26, 2017

The $10 trillion mineral resources North Korea can't tap

North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion. Of course, there are no official reports...

/ September 26, 2017

Canada does not need more oil sands pipelines, report claims

The claim that building more pipelines to carry Canada’s oil sands production to ports for export will unlock significantly higher prices for bitumen is not supported by either past or current market conditions, a new study shows. According to Jeff...

/ September 26, 2017

Canada’s Cenovus to sell Suffield assets in Alberta for $512m

Canadian oil producer Cenovus Energy (TSX, NYSE:CVE) said Monday it had reached an agreement to sell its Suffield crude oil and natural gas operations in southern Alberta to International Petroleum Corporation for $512 million in cash. The Calgary-based company noted...

/ September 26, 2017

Total to wait for better oil prices before selling Canadian assets

French oil giant Total SA chief executive said on Monday the company was not in a rush to join the foreign exodus from Canada’s oil sands sector. During a call with analysts, Patrick Pouyanne said the company’s plan was to wait...

/ September 26, 2017

Indian billionaire Agarwal to be Anglo American’s top shareholder

Indian billionaire Anil Agarwal is planning to increase his investment in Anglo American (LON:AAL) by as much as 1.5 billion pounds ($2 billion), which would make him the biggest shareholder in the diversified miner. The acquisition of further shares will...

/ September 26, 2017

South African workers union to strike at Petra Diamonds' Koffiefontein mine

South Africa’s National Union of Mineworkers said on Thursday its members would go on an indefinite strike at Petra Diamonds Ltd’s Koffiefontein Mine in the Northern Cape of South Africa. The strike will mean a total withdrawal of labour of...

/ September 26, 2017

Alrosa finds gigantic pink diamond, likely its most expensive one

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output in carats, has unearthed 27.85-carat pink precious rock the company believes could be the most expensive it has ever found. Alrosa is trying to decide on whether to sell this pink...

/ September 26, 2017

Stellar Diamonds pays for the Tongo environmental licence

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has paid US$150,240 to the Sierra Leone Environmental Agency for the Tongo Environmental Licence. As previously stated, the Tongo Mining Licence has been approved...

/ September 26, 2017

Investors wary as Tanzania moves to assert more control over mines

New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa’s brightest mining prospects as companies assess the consequences of government efforts to claim a bigger slice...

/ September 26, 2017

Brazil’s president revokes decree allowing mining in Amazon

Brazilian President Michel Temer has yielded to global pressure from environmentalists, artists and a number of NGOs and revoked Tuesday a controversial decree that would have opened up a vast national reserve in the country’s Amazon, larger than the size of Switzerland,...

/ September 26, 2017

Lucara sells world's second-largest diamond for $53 million

The tennis ball-sized Lesedi La Rona rough diamond that Lucara Diamond (TSX:LUC) unearthed two years ago at its Karowe mine in Botswana was sold this week for $53 million. The buyer, London-based Graff Diamonds, paid nearly $47,777 per carat. “The...

/ September 26, 2017