Diamond News

Diamond mining and investment news

Alrosa’s biggest diamond mine goes underground

Cecilia Jamasmie | July 27, 2015
Alrosa’s biggest diamond mine goes underground

The company has officially shifted operations at its flagship Udachnaya mine from open-pit to underground mining.

Privacy implications of the extractive sector transparency measures act

Dentons Canada LLP | July 30, 2015

Analysing the privacy impact of legislation, and the legitimacy of that impact, requires first to focus on the objective and scope of that legislation.

Anglo American to axe 53,000 jobs, put 15 assets up for sale

Cecilia Jamasmie | July 24, 2015
Anglo American to axe 53,000 jobs, put 15 assets up for sale

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

Gemfields Mozambique mine to yield rubies for over 20 years

Cecilia Jamasmie | July 22, 2015
Gemfields Mozambique mine to yield rubies for over 20 years

An independent report has confirmed the Montepuez mine holds the largest deposit of rubies in the world, with projected output of 432 million carats over 21 years.

Alrosa’s rough diamonds sales down 22% in first half of the year

Cecilia Jamasmie | July 21, 2015
Alrosa’s rough diamonds sales down 22% in first half of the year

The Russian company, hit by a sustained slowdown in the diamond market, said its rough diamond have declined by 6% in the first six months of the year.

Canadian ministers urged to better prevent damage from mining

Cecilia Jamasmie | July 21, 2015
Canadian ministers urged to better prevent damage from mining

Federal Natural Resources Minister, Greg Rickford, argues that the federal government is taking the right steps through new legislation.

Canada's resource industry calls for government collaboration on three key challenges

Industry highlights top priorities at the Energy and Mines Ministers’ Conference

Lucara gets $69 million from first diamond sale, amid tough market conditions

Cecilia Jamasmie | July 17, 2015
Lucara gets $69 million from first diamond sale, amid tough market conditions

The star of the show was a 341.9 carat diamond —unveiled in April —, which sold for $20.55 million

Part II: Will mining boom again, Dad?

Brent Cook | July 16, 2015

Don't hold your breath kid. It’s bleak out there and we have a 10-year super commodity bull to work off this time.

What was it like, Dad?

Brent Cook | July 15, 2015

We lost nearly everyone on that journey which began so optimistically—and naively.

Dodd-Frank: Five years and $1.5 trillion later

Oxfam America | July 15, 2015

In the five years since the Dodd-Frank Act passed, oil produced in developing countries was worth an estimated $1.55 trillion for those governments. But because the landmark US transparency law remains delayed, any payments that flowed to governments took place with limited or no transparency.

Commodities rout hits diamond industry, prices down 3.4 pct in first half of 2015

Cecilia Jamasmie | July 10, 2015
Commodities rout hits diamond industry, prices down 3.4 pct in first half of 2015

In the past year, they've lost 9.4% of their value, the recently launched Zimnisky Global Rough Diamond Price Index shows.

These are the top business risks mining and metals firms face

Cecilia Jamasmie | July 7, 2015
These are the top business risks mining and metals firms face

Getting — and keeping — a social license to operate, as well as resource nationalism, remain among the top five business risks for the industry.

Botswana seeks bids to build solar plants for mines

Reuters | July 7, 2015

Botswana's government launched a bidding process on Tuesday to construct solar power plants near its huge Jwaneng diamond mine.

U.S. woman finds 8.52-carat diamond at Arkansas Park

Cecilia Jamasmie | July 3, 2015
U.S. woman finds 8.52-carat diamond at Arkansas Park

The sparkly, white diamond half the size of a quarter is the fifth largest found since the park was established in 1972.

The missing diamond shortage

Bloomberg | July 3, 2015
Alrosa sells bank, to focus exclusively on diamond mining

If you’ve ever been to a diamond investment pitch you’ve probably seen ‘The Chart,’ the one where diamond demand soars, while supply trails forlornly in its wake.

Kimberly Diamonds shifts to Africa

Australian Mining | July 1, 2015

Kimberley Diamonds is shifting focus to the Lerala mine in Bostwana, which will be its key source of revenue.

When it comes to conflict mining regulation, should one size fit all?

Sonal Sinha | July 1, 2015
American businessmen accused of using fake gold mine to get $1m from investors

Conflict mining remains an important issue, and one we are beginning to see governments step in to address in different ways.

Davis’s X2 Resources goes after Rio’s coal assets in Australia

Cecilia Jamasmie | June 30, 2015
Davis’s X2 Resources goes after Rio’s coal assets in Australia

Negotiations between the parties, still at an early stage, are said to have generated solid interest from both sides.

Avalon banks on new ‘blood metals’ rule for Canada’s tin mine success

Cecilia Jamasmie | June 30, 2015
Avalon banks on new ‘blood metals’ rule for Canada’s tin mine success

The miner is spending $1.3 million in exploration work aimed to reopen a historic tin-indium mine in Nova Scotia.

Cecilia Jamasmie

Rocket explosion a fresh blow to asteroid mining ambitions

Cecilia Jamasmie | June 29, 2015
Rocket explosion a fresh blow to asteroid mining ambitions

Sunday's fiasco was the third major failure for America's commercial space industry in less than a year.

Argyle Pink Diamonds Tender world preview at Sydney Opera House

Rio Tinto | June 26, 2015
Diamond

Rio Tinto’s spectacular Argyle Pink Diamonds Tender has been launched during a world exclusive preview at the Sydney Opera House, with this year’s iconic collection including some of the most vivid pink and red diamonds ever unearthed from the Argyle mine.

Paragon Diamonds sees at least $160m in revenue from Lesotho mines

Cecilia Jamasmie | June 26, 2015
Paragon Diamonds sees at least $160m in revenue from Lesotho mines

The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.

Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

Cecilia Jamasmie | June 26, 2015
Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

The company, however, said it remained committed to the diamond industry.

Dismal state of TSX-V in two crushing graphs

Frik Els | June 25, 2015
Dismal state of TSX-V in two crushing graphs

Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.

Firestone Diamonds delays Lesotho mine launch

Cecilia Jamasmie | June 23, 2015
Firestone Diamonds delays Lesotho mine launch

Adverse weather conditions and the need to shift more earth than previously anticipated have also added $13 million to overall costs.

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