Rio Tinto (ASX, LON:RIO), the world’s second largest miner, has been talking to China National Nuclear Corporation (CNNC) about selling the state-owned company its stake in Namibia’s Rössing uranium mine. While the mining giant has not officially acknowledged the negotiations with CNNC, Namibia’s energy minister Simeon Negumbo confirmed them to local paper The Namibian. Rio has close to […]

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The diamond trade must confront its tarnished image and revamp its certification scheme or risk seeing increasingly demanding consumers spurn natural stones in favour of cheaper synthetic diamonds, a senior U.S. official said. Bloody African civil wars in the 1990s prompted diamond companies, governments and rights groups to come together to set up the Kimberley […]

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