It’s the glittering lure of a possible multi-billion dollar diamond discovery that’s lighting up northern Saskatchewan.
Diamond Mining News
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
Output rose 16% to 3.7 million carats, which puts Petra on track to hit its long term annual target of 5 million carats in 2018, a year earlier than planned.
De Beers underground mine in Canada's arctic, shuttered since December, cost $1.7 billion to build and operate and never turned a profit.
Faced with declining domestic production, China's top copper company — Minmetals — said earlier this year that the "only solution” was going overseas, and many are following its steps.
This was supposed to be a key year for Dominion, especially with the commencement of mining at the company’s rich Misery Main pipe at its Ekati mine.
Shares plunged after miner revealed that output fell almost across the board in the April – June period.
Lucara is still trying to sell the second-largest diamond ever discovered.
Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.
The government will maintain 1.4 billion pula ($130 million) of annual spending on state-owned BCL for now.
The Chidliak mine, in Canada’s Nunavut, is expected to produce around 12 million carats during its 10-year lifespan.
It measures 42.11 by 34.26 by 16.07 mm, and is translucent with a grey hue.
Kimberley Treasure coin was struck by The Perth Mint from one kilogram of 99.99 per cent pure gold, and features an image of a red kangaroo holding a 0.54 carat red gemstone between its front paws.
Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.
The sum obtained after selling 10.9% of the state-controlled diamond producer will be used to cut budget deficit, the government said.
The move comes as the company readies to open what it calls the world’s biggest diamond mine currently under construction.
Developing the Jay pipe will help keeping the mine in production until 2033.
Illegally acquired and exported gold from the mineral-rich eastern Congo keeps filling the pockets of some foreign companies as well as armed groups, a new report shows.
More than 300 Dominion Diamond employees and contract workers are at risk of being laid off at the Ekati diamond mine after a fire at the mine's processing plant on June 23.
It was found at Petra's Cullinan mine in South Africa, which has yielded several massive gems, including the largest rough gem diamond ever discovered.
The history of the diamond industry in Africa has been fraught with worker exploitation, environmental destruction, government corruption and squandering of revenues.
Diamond giant will save Russian state millions each year when it takes over security duties at remote mines.
PJSC ALROSA, the world leader in diamond mining, has announced that it was authorized to establish a departmental security service to protect the Company's production facilities.
Canada's Lucara Diamond, the company that found the massive gem, said it will keep it as bids fell short of the minimum reserve price.
Part of his continuing Africa Initiative.