Shares of rare earth miner Molycorp were falling Thursday morning as the company’s president and chief executive, Mark Smith, left without explanation and the company revealed it was under investigation from the United States SEC.
In an original approach to social media marketing, De Beers invited five top international bloggers to its stores in London and New York to pick out which it would be their dream engagement ring.
Canadian Taseko Mines (TSE:TKO) is having a rocky end of the year as workers threaten with a strike at the company’s copper-molybdenum Gibraltar mine, in British Columbia, and First Nation representatives are calling the company to “stop wasting everyone’s time” and withdraw the controversial New Prosperity mine project proposal, also in B.C.
Canadian Rockwell Diamonds (TSX:RDI, JSE:RDI) has decided to place its operations at its Tirisano mine in South Africa “on care and maintenance,” following persistent industrial relations issues and ongoing losses incurred by the mine,
Swiss miner Xstrata (LON:XTA) is delaying the commercial production of its $5.9 billion Tampakan copper-gold project in the Philippines to 2019, Sagittarius Mines Inc, the firm's local unit, said Wednesday.
London-based explorer Stratex (LON:STI) got an early Christmas present this year, as Canadian Centerra Gold (TSX:CG) paid the junior and partner in the Turkey’s Oksut project a noteworthy $40 million for its 30% stake in the venture.
Stornoway Diamond (TSX:SWY,) shares climbed 24% to 63 cents on Tuesday after the company reported the recovery of a 9.78-carat diamond during the ongoing processing of the Renard 65 bulk sample.
