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Namdeb production down 4% to 400 000

NAMDEB Holdings diamond production fell 4% to reach 400 000 carats in the first quarter of this year, Anglo American announced in a report. The drop was due to reduced grade at Namdeb, the reported said. Overall, De Beer’s diamond production decreased by 10% to 6,9 million carats, reflecting the …

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New hope for the industry: sniffing out copper deposits

Geologists have developed a new and inexpensive technique to find copper deposits in volcanic rocks. With so much of the earth’s copper already dug up and companies desperately needing cost-effective ways to locate more reliable resources, could this technology prove to be a saviour?   The mining industry has faced …

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Anglo American’s finance chief Medori to retire in 2017

Global mining company Anglo American said finance director René Médori would retire in 2017 when he reaches the age of 60. Anglo American, which has been struggling with a slump in the price of commodities, said it was beginning a process to appoint a successor, and that Médori would continue …

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