A 68-carat diamond, allegedly stolen at New York’s Kennedy Airport and sold for a vastly reduced price of $1 million to a Fifth Ave. jeweler, was seized by federal agents Friday, according to a report by The New York Daily News.
View full post on MINING.com News
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Dubai Multi Commodities Centre Authority (DMCCA) announced today that the total gold trade through Dubai stood at US$29 billion in 2009, matching the value of gold traded in 2008. This data was compiled by the Data and Statistics Reporting division of
INDIA will soon approve a diamond mining lease for Rio Tinto, according to a senior official at the federal mines ministry. The south Asian nation has been looking for investments from global miners because only 10 per cent of the country has been
A LANDMARK quarterly coking coal export contract procured by BHP Billiton has sounded the death-knell for the entrenched system of annual renewals, handing more power to the producers at a time of rapidly recovering bulk commodity prices. BHP, the
QUEENSLAND Rail could be floated as early as October and the $3 billion-plus sale will include its coal network business, according to chief executive Lance Hockridge. The sale of Queensland Rail as a vertically integrated business has been criticised,
It’s a long way from Montana to Northeast Ohio. A long way, to be specific, is 1,650 miles from the Signal Peak coal mine near the tiny town of Roundup, Mont., to fossil-fueled power plants in Ohio, owned by Akron-based FirstEnergy Corp. Signal Peak is
Just last week at the end of February, the recovery and risk assets (stocks, commodities and in FX commodity dollars and the euro) were struggling. However, positive news suggesting Greece could avoid default (over the coming months at least),
Chinese steel mills are facing massive difficulties during this year’s annual iron ore benchmark talks with big price hikes set to push many of them into the red, the head of China’s third biggest steel firm, Wuhan Iron & Steel Group, said on Sunday.
Welcome to the Weekly Market Views report from DGCX, providing you with a snapshot of what׳s happening in the energy, precious metal and currency futures markets. Please note that the observations and views expressed in this newsletter do not reflect
Globex Mining recently informed shareholders that a NI 43-101 report titled Technical Report on the Initial Mineral Resource Estimate for the Timmins Talc-Magnesite Deposit, Ontario, Canada, has been received. The report was co-authored by Reno
Franconia Minerals Corporation recently announced it has initiated a new core-drilling program at its Birch Lake copper-nickel-PGM (platinum group metals) project in the highly prospective Duluth Complex in northeastern Minnesota. The planned 6-month,
Rio Tinto Alcan’s landmark agreement in principle with the Haisla Nation in support of its Primary Metal operations in British Columbia was officially ratified by the Haisla Nation membership. ‘We are very proud of what has been accomplished, and
Alcoa of Australia Limited and Loy Yang Power today announced new base-load electricity contracts to power Alcoa’s aluminum smelter at Point Henry, Geelong, and the Portland aluminum smelter to 2036. The contracts take effect in 2014 for the Point Henry
MAG Industrial Automation Systems will supply the first automated composites processing system ordered by the Russian aerospace industry as part of a new sale to Russia’s United Aircraft Corporation (UAC). The purchase of three machines – a MAG VIPER®
Selwyn Resources has extended the exclusivity period under the proposed joint venture with Yunnan Chihong Zinc & Germanium Co (Chihong), as the respective parties finalize their negotiations and seek shareholder approval. The transaction, which sees
Advanced Magnesium has struck an agency agreement with Arrandene-MFG (Arrandene) for the sale of magnesium alloy products to European diecast customers. The key terms of the agreement are that Arrandene: – Has committed to selling 1,000 tonnes of
Rio Tinto’s divestment programme has passed the US$10 billion mark with the completion of the sale of its Alcan Packaging Food Americas division to Bemis Company, Inc for a total all cash consideration of US$1.2 billion. Guy Elliott, chief financial
Hydro has discontinued production and closed the doors at its aluminium tubing plant in Michigan, winding up the closure process that started last year and ending 70 years of manufacturing operations at the Adrian site. Activities related to the closure,
Thresher Industries, Inc, a California-based manufacturer of precision aluminum and advanced metal matrix composite parts, recently announced that it has had to increase the number of production employees for its high pressure casting division due to
Zazu Metals Corporation recently announced that Scott Wilson Roscoe Postle Associates Inc. has completed a Preliminary Assessment (Scoping) Study on an initial open pit mine on Zazu’s Lik Deposit. Based on these results Zazu plans to move the project
RUSAL recently announced the appointment of Andrey Volvenkin as the head of the Engineering and Construction Division. Andrey Volvenkin has held various executive positions at RUSAL. From 2003 to 2005 he worked as General Director of RUSAL’s in-house