Diamond News

Diamond mining and investment news

CFSI enables companies to comply with new EU Conflict Minerals rules

CF2

Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach

Alrosa unearths 78.02-carat diamond from its Mir mine

Cecilia Jamasmie | May 25, 2015
Alrosa unearths 78.02-carat diamond from its Mir mine

According to the company, the gem is estimated is worth more than $600,000 if put on auction.

Canada’s Territories hold massive shale oil reserves similar to US Bakken field

Cecilia Jamasmie | May 25, 2015
Canada’s Territories hold massive shale oil reserves similar to US Bakken field

Energy regulator says it holds as much as 200 billion barrels of shale oil reserves, comparable to North Dakota’s thriving Bakken field.

EU lawmakers surprise with vote on ‘blood metals’ ban

Cecilia Jamasmie | May 20, 2015
EU lawmakers surprise with vote on ‘blood metals’ ban

The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.

S. Africa chamber of mines refutes Govt. data, says members meet black ownership targets

Cecilia Jamasmie | May 15, 2015
S. Africa chamber of mines refutes Govt. data, says members meet black ownership targets

Saying that just over 20% of miners had met the black economic empowerment criteria is to tun a blind eye to the progress members have made so far, claims the ming group.

Israel Diamond Exchange issues announcement following GIA Lab Alert on undisclosed treated diamonds

Concern about reported suspicions that traders have distributed close to 500 high-quality, treated polished diamonds in the Israeli diamond trade without disclosure

Giving up on iron ore best option for Anglo American — Investec

Cecilia Jamasmie | May 13, 2015
Giving up on iron ore best option for Anglo American — Investec

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

De Beers paid only $226 in royalties for its Ontario mine last year— report

Cecilia Jamasmie | May 12, 2015
De Beers paid only $226 in royalties for its Ontario mine last year— report

The thrifty amount compares to the almost $3.9 billion the government of Ontario received from the salt sector in the same period.

World Bank grants Tanzania $45 million to improve mining sector

Cecilia Jamasmie | May 11, 2015
World Bank grants Tanzania $45 million to improve mining sector

Africa's No.4 gold producer is also rich in coal, uranium, diamonds, emeralds, rubies and sapphires.

Capacity development critical to sustaining economic growth in Africa

acbf | May 7, 2015
Over 200 miners trapped underground in illegal South African mine

Prices of commodities are expected to remain high and to be a key driver of African growth over the next few years

Would Palladium replace gold as engagement rings choice of metal?

NaturallyColored.com | May 6, 2015

Gold has concentrated lots of interest in the past 6-7 years due to the economic crisis.

Survival guide for the mother of all bear markets from veteran bottomfisher John Kaiser

The Mining Report | May 5, 2015
Real-bear-walking-in-snow- setting-333

In this frank assessment of everything from gold and diamonds to potash and zinc, Kaiser Research Online author John Kaiser names for The Mining Report readers the companies that could be swept up in a rush to security of supply.

South Africa delays court decision on black ownership of mines

Cecilia Jamasmie | May 5, 2015
South Africa delays court decision on black ownership of mines

The mines ministry has missed an April deadline to ask courts solve the issue of whether companies may claim they meet black-ownership quotas if shareholders have sold their stakes.

Lucara sells stake in African diamond project to Paragon for $8.5m

Cecilia Jamasmie | May 5, 2015
Lucara sells stake in African diamond project to Paragon for $8.5m

Developing Mothae and Lemphane concurrently would allow Paragon to benefit from significant economies of scale, said Paragon Diamonds.

Outside money starts to pour into mining M&A

Frik Els | May 4, 2015
Report: Outside money starting to pour into mining M&A

Mick Davis hasn't spent a cent of his $6bn, but private money and non-mining players' share of M&A has already doubled in less than three years.

This plant may be the best diamond-finding tool you’ll ever have

Cecilia Jamasmie | May 4, 2015
This plant may be the best diamond-finding tool you’ll ever have

American geophysicist and Fulbright scholar, Stephen Haggerty, has found a new prickly, palm-like plant that seems to grow only on top of kimberlite pipes.

RioZim seeks partnerships for $2.1bn Zimbabwe power plant

Bloomberg | May 4, 2015

RioZim Ltd., which mines gold, diamonds and coal in Zimbabwe, wants to work with state-owned power utilities in South Africa and Namibia to build a 1,400-megawatt electricity plant near its Sengwa coal fields.

Price, distribution the main obstacles to synthetic diamond growth

Andrew Topf | May 3, 2015
This ‘perfect’ diamond could fetch up to $25 million in NYC next month

Unlike other precious gems, high-quality synthetic diamonds can only trade at around a 2 to 20 percent discount to naturally-mined stones.

INFOGRAPHIC: How diamonds are mined

MINING.com Editor | May 1, 2015

The last kimberlite eruption occurred over 25 million years ago.

CFSI releases new conflict minerals reporting template

The Conflict-Free Sourcing Initiative announced Friday it has published its new Conflict Minerals Reporting Template (CMRT 4.0). The leading multi-industry tool to facilitate transfer of information throughout the supply chain in support of conflict-free sourcing, CMRT 4.0 includes an updated Standard Smelter List and numerous translation improvements.

Rio Tinto ready to resume hunt for mining deals — report

Cecilia Jamasmie | May 1, 2015
Rio Tinto ready to resume hunt for mining deals — report

If the miner buys any assets this year, it would be Rio's first acquisition in about three years.

Zimbabwe eliminates tax on diamond sales, for now

Cecilia Jamasmie | April 30, 2015
Zimbabwe eliminates tax on diamond sales, for now

The measure aims to stimulate production and attract investment in the sector, amid low international prices for the coveted gems.

Life coming back to the global exploration sector

Cecilia Jamasmie | April 27, 2015
Life comes back to the global exploration sector

After five consecutive months of decline, global mining exploration began showing signs of life in March, particularly in the gold sector, a new report shows.

‘Perfect’ 100-carat diamond sold for ‘only’ $22 million

Cecilia Jamasmie | April 24, 2015
‘Perfect’ 100-carat diamond sold for ‘only’ $22 million

After just three minutes of bidding, the final price was $22,090,000, including the buyer's premium.

DMCC to host three seminars on diamond finance

DMCC | April 23, 2015

The Dubai Diamond Exchange, a DMCC initiative, is planning to hold three seminars on diamond financing this year, underscoring the growing importance of the issue for the global diamond industry.

Low diamond prices push Anglo American to cut output

Cecilia Jamasmie | April 23, 2015
Low diamond prices push Anglo American to cut output

The global miner trimmed its forecast from 32m-34m carats to 30m-32m because of “current trading conditions”.

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