Mining

The Philippine environment minister has confirmed that a ban on new open pit mining will remain in place after President Rodrigo Duterte rejected a government panel recommending a reversal. The ban was implemented in April by former environment minister Regina Lopez who claimed that the process...

A diamond necklace featuring the largest ever D-flawless, emerald cut diamond has sold for US$33.7 million at an auction at Christie’s in Geneva, Switzerland. The 163-carat precious stone was first discovered in 2016 by Australian miner Lucapa Diamond in Angola. The original 404-carat rough stone is...

Anglo American has released positive third quarter results including an increase in production guidance for its Kumba Iron Ore subsidiary. The world’s fifth-largest miner has lifted Kumba’s production guidance by an additional 1 million tonnes (Mt) to between 42-44Mt for 2017. The overall rise is based on...