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Africa

First batch of diamond recovered from Botswana to be sold in 2015

  The first batch of diamond recovered from Ghaghoo mine in Botswana will be sold in February 2015.   Gem Diamonds has announced through an interim management statement last week that it will sell the first 4 028...
Africa

Botswana to use new diamond recovery technology

  A new diamond recovery technology has been initiated for use in mines in Botswana. The new x-ray transmission (X-RT) technology will now aid in primary diamond recovery in the country.   Karowe Mine, which is located in...
Asia Pacific

Eldorado seeks a buyer for its mines in China for $1.5bn

The largest foreign producer of gold in China Eldorado Gold is planning to sell its Chinese mines for $1.5bn.   China National Gold Group, the country's biggest producer of the commodity, is reportedly interested in the deal, as well...
Africa

South Africa’s world’s third largest gold mining firm to sell some of its mines

  World third largest gold mining company, AngloGold Ashanti with headquarters in Johannesburg, South Africa has plans of selling some of its mines so as to cut its borrowed debt by US$ 1bn.   AngloGold’s CEO, Srinivasan Venkatakrishnan...
Asia Pacific

BHP Billiton to cut 150 jobs at Mount Arthur coal mine

Mining major BHP Billiton has announced that 150 miners from the Mount Arthur coal mine in Australia will be made redundant in the next four months.   The proposed plans will affect full-time and contract workers in the production...
Asia Pacific

Aditya Birla to sell Mt Gordon copper mine in Australia

Aditya Birla Minerals copper mining company is negotiating with a third party to sell its Mt Gordon copper mine in Australia.   Mt Gordon mine is located in north-west Queensland, approximately 120km north of Mt Isa, which was targeted...
Africa

South Africa’s AngloGold to unleash new technology for drilling gold in 2015

  South Africa’s Gold mining company AngloGold Ashanti is set to unleash a new technology to be used in the gold industry in 2015.   The technology involves the dispensing of conventional drilling and blasting and backfills cavities...
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