"Sierra Leone diamond miners go for gold"
March 20, 2009
Summary: Lately miners have been turning to gold since its prices have risen.
Gold has currently become a popular item to mine for. Diamonds on the other hand are causeing companies to lose money lately. That is why some companies are hoping to mine for gold in hopes of a better profit with that."Already in 2009 we have issued 10 licenses for gold, which is a large increase on last year, and we expect to issue more." "Diamond prices have fallen 7% this year according to Polished Prices, an independent news and price list provider." Nevertheless not all diamond mining companies are making the switch. Some are just laying off workers for the time being.This is not that great of news for me. Gold is something valued from my grandmas generation. To me it is no very attractive as jewlery. Who knows maybe it will be helpful in providing people with jobs around the world.
http://www.mining-journal.com/production-and-markets/sierra-leone-diamond-miners-go-for-gold
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