Cecilia Jamasmie , Senior Editor

Firestone unearths ‘very rare’ diamonds at its Lesotho mine

Firestone Diamonds (LON:FDI) announced Tuesday the recovery of a batch of very rare type 2 diamonds from its Liqhobong mine in Lesotho as well as an even scarcer blue diamond.

Cecilia Jamasmie | October 16, 2012 | 12:46 pm

Canadian gold miner Petaquilla rejects Inmet’s $112 million bid

Petaquilla Minerals Ltd. (TSX:PTQ) has rejected as inadequate an unsolicited, a $112-million takeover bid for the company by Inmet Mining Corp. (TSX:IMN), which operates a gold mine adjacent to Petaquilla’s Molejon project in Panama.

Cecilia Jamasmie | October 15, 2012 | 4:54 pm

More than half of mining execs think industry is on its way up

Mining executives see lots of more sunny days in 2013 with 55% of participants in a recent survey saying they believe their sector will perform better than it did in the first half of 2012.

Cecilia Jamasmie | October 15, 2012 | 3:39 pm

Qatar sees Glencore/Xstrata merger positively

Qatar's sovereign investment fund, the second largest shareholder in Xstrata PLC (LON:XTA) with 12% of equity, confirmed Monday it is looking positively at the company's planned merger with Glencore International (LON:GLEN).

Cecilia Jamasmie | October 15, 2012 | 2:18 pm

Vale seeks $500 million IADB financing for potash project

Brazilian giant miner Vale (NYSE: VALE) is about to close a $500 million loan agreement with the Inter-American Development Bank (IADB) for its Rio Colorado potash project in Mendoza, Argentina.

Cecilia Jamasmie | October 15, 2012 | 10:52 am

Canada PM casts doubt on Nexen takeover by China

Canadian Prime Minister Stephen Harper gave investors more reasons to speculate about the final outcome of the deal, as he said that China's “very different" political and economic systems are a concern for his government.

Cecilia Jamasmie | October 12, 2012 | 6:28 pm

Australian miners fire locals and import foreigners

While big miners such as BHP (NYSE:BHP), Xstrata (LON:XTA) and Vale (NYSE:VALE) continue to slash jobs across its operations in Australia, some companies are hiring more foreign workers to carry out their resources projects.

Cecilia Jamasmie | October 12, 2012 | 2:10 pm

Vale kicks off copper production at Zambia mine

Brazil's Vale (NYSE:VALE) announced it has started producing copper concentrate at its Lubambe mine in Zambia.

Cecilia Jamasmie | October 12, 2012 | 1:16 pm

Peruvian mining millionaires allegedly trafficking cocaine

U.S. authorities announced yesterday the seizure of more than $31 million supposedly connected to an international money-laundering scheme run by the owners of two gold mines in Peru.

Cecilia Jamasmie | October 11, 2012 | 6:42 pm

Osisko reaches record Q3 gold production

Canadian gold miner Osisko (TSX:OSK)(EWX.F) achieved record third-quarter gold production at 103,753 oz. from its Malartic mine, in Quebec – a quarter-on-quarter increase of 12.77%.

Cecilia Jamasmie | October 11, 2012 | 4:32 pm

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