Miner Gem Diamonds expects firm prices this year after they rose at its first auction of 2015 last week as Dubai banks help fill a funding gap for manufacturers, chief executive Clifford Elphick said on Monday.
Diamond prices weak
Sharp increases in mining costs mean gold will need to reach $3,000 an ounce in five years for the industry to stay profitable, World Gold Council chief executive Aram Shishmanian said on Monday.
Miners currently needed a gold price of $1,
All 29 miners trapped underground in a New Zealand mine for five days are believed to be dead following a second explosion in the Pike River Coal mine, police said on Wednesday.
'It is our belief that no one has surv
Around 1,250 miners remained trapped more than a mile underground in a South African gold mine on Thursday after an all-night rescue mission.
Up to 200 women were among those stuck in a cramped space in the Elandsrand mine where temperatur