Business News

Diamonds are not forever for BHP

 

BHP Billiton has announced that it is to sell its diamond business to jewellery maker Harry Winston.

Iron ore industry to remain turbulent through to 2020

A new report from Roskill offers an insight into the dynamics driving the iron ore market, and a market outlook to 2020.

Air Products to supply Zambian smelter

Air Products today announced the award of a contract to supply two oxygen plants for a copper smelter being built in Zambia by Kansanshi Mining Plc.  

Drilling to commence on the Mill Village Gold Project, Nova Scotia

Canuc Resources Corporation has announced that diamond drilling is scheduled to commence on its Mill Village gold property in Nova Scotia by mid-November. 

Bumi shares surge after Bakrie family offer

 

Indonesian coal miner, Bumi, has seen its share price increase following news that the powerful Bakrie family have proposed to split from it.

Whiter stones give Firestone Diamonds renewed optimism

International mining and exploration company, Firestone Diamonds has expressed its encouragement at the amount of whiter stones being recovered at its Liqhobong mine in Lesotho.

Xstrata steps closer to merging with Glencore

In a move that will ultimately result in the formation of one the world’s largest metals and commodities firms, mining group Xstrata has come a step closer to merging with Glencore.

Large gold refinery opens in Sudan

Sudan’s first gold refinery, one of Africa’s largest plants, has been officially opened by its president Omar al-Bashir.

Fortescue debt deal results in share price rise

Fortescue Metals Group has seen its share price rise by up to 17 percent after the Australian miner confirmed it had secured a $4.5 billion credit facility.
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