These two record-breaking diamonds were bought for $77 million, by the same person, The Blue Moon, sold for $48.5 million, is now known as "The Blue Moon of Josephine.” Hong Kong billionaire Joseph Lau forked out $77 million at two...
Molycorp (OTC:MCPIQ), the beleaguered rare earths producer that was forced into bankruptcy in June, has announced a plan to restructure that may include the sale of its Mountain Pass mine in California. The plan filed with a U.S. bankruptcy...
World coal consumption to drop up to 4% further by year-endIEEFA's report suggests consumption of coal for power is likely to have peaked in 2013 and is set to decline by between 2% and 4% in 2015. After peaking...
With revenues of $50 billion a year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector in particular than Caterpillar. The...
Copper price hits fresh six year low as Paris attacks continue to weigh inSince May, the metal has lost around 25% of its value, due to the increasing strength of the US dollar and weaning demand in China. Copper...
Brazil mine accident puts tailings ponds safety back in the hot spotThe next time a mining company decides against dry-stacking as a too-costly alternative to tailings ponds, its directors and shareholders may want to consider what a tailings pond...
The price of iron ore fell to within shouting distance of all-time lows on Tuesday as worries about oversupply continue to dog the market and steel prices in top consumer China fall to record lows. Benchmark 62% Fe import...
