News

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 […]

Alrosa increased rough prices by around 10% at its January trading session as supply gaps widened, customers of the Russian miner told Rapaport News. “The industry, especially manufacturers, made a very decent profit in 2021, so they are in a good mood to continue the same volume of business in 2022,” a dealer said Thursday […]

Three massive amethyst clusters, the largest to be unearthed in 20 years, have been recovered from the historic Anahí mine, located in eastern Bolivia near the border with Brazil and famous for hosting large amounts of amethyst, citrine, and amethyst-citrine. Anahí, whose name alludes to an Indigenous princess, is said to have been discovered in […]