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This blue diamond may become the most expensive gem ever sold at auction
19 Sep 2015 - A rare 12-carat, flawless blue-coloured diamond, known as Blue Moon, may soon become the most expensive gem ever sold at an auction as it is expected to fetch up to $55 million when it goes under Sotheby's hammer on Nov. 11, in Geneva.

To set the world record price for any diamond put to auction, Blue Moon must sell for more than $46.2 million, which is what The Graff Pink went for in 2010.

BHP calls miners to challenge anti-coal movement
19 Sep 2015 - Anti-coal activists seem to be winning over the public and the resources sector must fight back, BHP Billiton's (ASX, NYSE:BHP) (LON:BLT) coal president Mike Henry said Friday.

Speaking at the American Chamber of Commerce luncheon in Brisbane, the executive said the industry would continue to be swayed by the “no coal campaign,” which had outperformed big business with “simple messages” and an active media profile.

Henry called miners to focus on productivity and build stronger community support for the sector, as depressed prices will likely continue to plague the industry for some time to come.

Glencore to sell part of its Chile, Peru copper output
19 Sep 2015 - Mining and commodities giant Glencore (LON:GLEN) is said to be in talks with five companies to sell portions of the future production of three of its copper mines in Chile and Peru.

According to Global Mining Observer, the firms involved in the negotiations are Franco-Nevada Corp ((TSE:FNV)), Silver Wheaton (TSE, NYSE:SLW), Royal Gold Inc. (TSE:RGL) and two other unnamed miners.

The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.
The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.

Iron ore price: Got lump?
15 Sep 2015 - The price of iron ore reversed recent gains on Monday amid new signs of an economic slowdown in China, which consumes more than 70% of the seaborne trade in the steelmaking raw material.

On Monday the benchmark 62% Fe import price including freight and insurance at the Chinese port of Tianjin slid 1.7% to $57.50 a tonne, retreating from a 10-week high hit last week according to data provided by The SteelIndex.

Zambia orders Vedanta unit to get rid of Chilean copper
15 Sep 2015 - The government of Zambia has ordered Vedanta Resources' (LON:VED) Konkola Copper Mines (KCM) to get rid of all copper concentrate it has imported from Chile, as it said the material contains had high levels of arsenic, a toxic substance.

The country’s environmental management authority had asked the company in June to delay the processing of those concentrates, as it found arsenic levels to be around 4%, higher than the 1% usually found in locally mined copper.

Vietnam begins construction of region first potash mine
15 Sep 2015 - Vietnam’s owned Vietnam National Chemical Group (Vinachem) has begun construction work at its $522 million potash project, located in neighbouring Laos.

The endeavour, a joint venture between Vinachem and Viet Lao Chemical and Rock Salt Co. (Vilachemsalt), is considered one of the largest outbound investments made by a Vietnamese firm in history, Vietnam News Agency reports.

Anglo American completes sale of Chile copper mines
15 Sep 2015 - Anglo American (LON:AAL) announced Monday it has completed the $300 million sale of Mantoverde and Mantos Blancos copper mines in north Chile to a consortium led by UK-based investment firm Audley Capital.

The deal brings the amount of cash Anglo has raised so far this year through disposals to $1.9 billion, as it seeks to slim down against a tough backdrop in the global commodities industry as prices remain weak.

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