Diamond Mining News

Australia's mining project pipeline dwarfs other countries

Significant brown and greenfield projects through 2020 nearly outnumber the next ten countries on the list.

Anglo American’s De Beers gets a new CEO

Current strategy director Bruce Cleaver will replace Philippe Mellier, who held the position for five years.

Russia's Alrosa to hold US, UK investor meetings ahead of stake sale

The Russian government aims to make more than 60 billion roubles ($909 million) from selling a 10.9 percent stake in Alrosa, with the sale taking place on the Moscow Exchange this year.

Boom in private debt financing for mining

Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.

Long-lost ship found in Namibian desert — with gold aboard

Diamond miners have found the remains of a Portuguese ship that disappeared on its way to India laden with gold and other treasure, almost 500 years ago.

Pit collapse at jade mine in Myanmar leaves at least 13 dead

It is the latest in a series of deadly accidents in recent months to hit Hpakant, where as much as 90% of the world's jade is mined, mostly illegally.

Rio Tinto showcases 187.7 carat rough diamond in New York and at Tel Aviv’s International Diamond Week

Rio Tinto has showcased one of the world’s largest gem quality rough diamond to customers in the United States and Israel.

Alrosa vice president Andrey Polyakov assumes world diamond council's presidency

The World Diamond Council brings together representatives of the entire international diamond industry supply chain, from mining through retail.

Diavik mine owner appeals to N.W.T. minister for help in regulatory dispute

The company operating the Diavik diamond mine says the denial of a change to its water licence could have an "immediate and materially-adverse impact" on the mine.

Dominion Diamond secures environmental approval for Ekati mine expansion

Project could help keep Ekati producing diamonds until 2033, or 13 years later than the expected end of its mine life.

'Oppenheimer Blue' diamond sets new record, fetches $57 million

It’s now the most expensive diamond ever sold at an auction.

Lulo diamonds sell for A$2.9 million

Special diamond recoveries continue at E46 as mining resumes at Mining Block 6 post the wet season

WFDB holds committee meetings ahead of World Diamond Congress

The World Federation of Diamond Bourses (WFDB) held its committee meetings on Monday ahead of the official opening of the 37th World Diamond Congress on Tuesday. The Congress, being held from May 16 to 19 in Dubai, is a biennial meeting held together with the International Diamond Manufacturers Association (IDMA).

Rio Tinto reaches 100 million carats milestone at the Diavik diamond mine

Canada’s largest diamond mine has been in production since 2003.

Gold demand just had its strongest-ever first quarter

This year’s first quarter is one for the history books. Not only did gold appreciate at its fastest pace in 30 years, but demand for the yellow metal was the strongest it’s ever been on record.

Dubai Diamond Exchange to host ‘Alternatives of Diamond Financing’ seminar

The Dubai Diamond Exchange (‘DDE’), a DMCC platform, is hosting its 2nd Dubai Diamond Finance Seminar (DDFS) on ‘Alternatives of Diamond Financing’5pm tomorrow at 17 May 2016 at the Almas Conference Centre, Dubai, UAE.

Lucapa to invest $7 million upgrading Lulo diamond mine in Angola

The mine hosts type-2a diamonds which account for less than 1% of global supply.

Report highlights progress against child labour in mining in Congo

International development nonprofit Pact released Friday a report detailing the progress of efforts to address child labour in mining in the Democratic Republic of Congo.

Russia approves plan to sell stake in diamond giant Alrosa

The miner, along with fellow Russian firms Rosneft, VTB Bank and Bashneft are among the most likely candidates for privatization this year.

NWT premier 'pleasantly surprised' by exploration season

Attracting new investment.

Major correction underway for mining stocks

Monday mayhem as metals rally evaporates and mining's top names are dumped – Anglo's losses since a week ago now 28%, Freeport has plunged 25%.

Lucara’s Constellation diamond sells for record $63 million

The record sale is likely to ramp up speculation about how much a second Lucara diamond — the "Lesedi la Rona" — will fetch at auction next month.

Production at giant Arctic diamond mine just weeks away

Gahcho Kué, the world's largest new diamond mine under development, is now 94% complete with first production planned for the second half of this year.

This is the first and only miner upgraded this year

Mining's marquee names have had their credit investment ratings slashed or reduced to junk. This diamond company is defying the downturn.

UAE KP Chair and OECD to host a ‘special forum’ on rough diamond valuation and conformity

Ground breaking initiative with OECD aimed to reinforce, structure, strengthen and format the debate on valuation, and to increase conformity on valuation.