Rio Tinto on Friday launched a board-led review into how the miner destroyed two ancient and sacred Aboriginal caves in Western Australia, stepping up its response to the blasts after weeks of public criticism and shareholder dismay. With state government approval, the world’s biggest iron ore miner destroyed two caves at Juukan Gorge, one of …
Diamond miners have reportedly piled up billions of dollars worth of gems they have struggled to sell as the coronavirus crisis locked down the industry. The five largest diamond producers likely have about $3.5 billion in “excess inventories” amid the pandemic, which shuttered jewelry stores and kept cutters and polishers at home, Bloomberg Quint reported …