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Anglo-Australian miner Rio Tinto’s admissions of sexual assault, racism and bullying in an internal report have sparked calls from investors for the entire industry to clean up its act. An 85-page report released by Rio on Tuesday that pointed to a culture where harmful behaviours are often normalised and bullying is rife put a spotlight […]

De Beers’ rough-diamond sales surged to $660 million in January as manufacturers replenished inventory following a solid holiday season. The total was on a par with the $663 million the miner garnered a year earlier and 96% higher than the $336 million it reported in December, De Beers said Wednesday. The rise came amid a […]

Villagers in Mutoko, Zimbabwe say a Chinese mining company has told them they will have to leave their homes to make way for a granite quarry. The company denies plans to forcibly move the villagers, but a lack of transparency has many fearing they will be pushed out of their ancestral land. Some villagers in […]

An external review of diversified miner Rio Tinto’s workplace culture has found incidents of bullying, sexual harassment, racism and other forms of discrimination throughout the company. The review, commissioned as part of Rio’s commitment to ensure sustained cultural change across its global operations, was carried out by former Australian Sex Discrimination Commissioner Elizabeth Broderick. The […]

Vast Resources has pulled out of a deal to acquire Gem Diamonds Botswana (GDB) with joint venture (JV) partner Botswana Diamonds. GDB’s primary asset is the fully permitted Ghaghoo diamond mine in central Botswana, which is currently under care and maintenance. In August last year, it was announced that Okwa Diamonds – a JV between […]

Global coal prices have shot back towards record highs as the Ukraine crisis raises expectations that European buyers will start loading up on the fossil fuel for fear that a standoff between Russia and western nations will cut off gas supplies. The benchmark Newcastle coal index has soared by over a third this month to […]