Diamond Mining News

Coal hurts Anglo American’s Q1 production, 2019 guidance unchanged

Production dropped 6% in the quarter.

Expect cascade of mining M&A — PwC's Braunsteiner

Recent mergers and acquisitions have brought the industry back into the spotlight, after years of speculation around how the sector could regain power, PwC's Canadian Mine report notes.

Lucara finds largest uncut diamond in recent history in Botswana mine

The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces).

Russia's Alrosa expects drop in 2019 sales as demand falters from China

Alrosa's sales in the first quarter fell 38 percent from a year earlier to $988 million.

Canadian miners start 2019 off on the right foot amid mega-deals

Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.

JPMorgan ends a three-year bullish call on Anglo American shares

After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.

Top miners back autonomous systems guidelines

The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.

De Beers expands pilot scheme in Sierra Leone to sell ethically sourced diamonds

Decision was made to give more artisanal and small-scale miners (ASM) the opportunity to benefit from the program, which helps them trace route of their diamonds throughout the supply chain.

Alrosa recovers large diamond from International pipe

The 118.91-carat stone is the largest recovered at the site in the past two years.

Graff creates 302-carat emerald cut stone from 1,109-carat Lesedi La Rona

Graff has now created a 302.37-ct square emerald cut diamond – the world’s largest of that particular cut.

Rio finds one of its largest white diamonds ever at Argyle mine

The 28-carat diamond, named Argyle Octavia, will be auctioned in Antwerp, Belgium.

One of world’s largest diamond mines gets 10-year life extension

The underground extension of Aikhal will keep it in operations until 2044 and it's estimated to cost about $16 million.

Alrosa launches new Zarya pipe in eastern Russia

The new deposit should compensate for the depleting stock of the Komsomolsky open-pit mine.

Petra Diamonds on a roll after another major find at Cullinan

The find is the third Type II D-colour gem-quality diamond weighing more than 100 carats recovered since March and the fourth such rock discovered in the current financial year.

Botswana unveils rare 20-carat blue diamond, the country’s largest ever

Botswana's state-run Okavango Diamond Company has unveiled what is believed to be the largest blue diamond ever discovered in the southern African country.

Rapaport proposes diamond industry optimization plan to government of Sierra Leone

Rapaport says the model should guarantee that government diamond revenue provides vital infrastructure to the communities where the diamonds are found.

Mountain Province stock takes off on 74% diamond resource increase

The updated inferred mineral resource at Faraday 2 highlights 5.45 million carats of diamonds, a hefty 74% increase over its 2017 estimate.

Stornoway Diamond halts open pit operations at Quebec mine

The Montreal-based diamond producer said the move would not have an impact on total revenue for 2019.

De Beers diamond sales hit highest level since mid-2018

The world’s top diamond producer by value sold  $575 million in its third sales cycle of this year, the highest since the fifth cycle of 2018, when it recorded $581 million.

Mining students learn to develop feasibility studies using high-tech solution

The Riivos-built mining financial technology software helps them spend less time building spreadsheet models and more time optimizing their mine project economics.

Firestone finds another massive diamond at Lesotho mine

It's the second one over 70-carat Firestone has found at its Liqhobong mine this year.

Investor sentiment in diamond mining stocks makes for a contrarian play

Natural diamond supply is estimated to come off this year and continue to incrementally decline through at least 2021, which should be supportive of diamond prices and thus miners.

$6 billion private capital ready to invest in mining

Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.

World Diamond Council advocates for Africa's artisanal diamond miners at international forum

The WDC believes that initiatives such as the peace process in the Central African Republic boost fairness in the artisanal mining sector.

Hunt for Canada's vast diamond riches reaching an end

Iconic mines, including Ekati and Diavik are now old, tired and running out of diamonds; they will likely both close soon. So far, operations that were designed to replace them aren’t faring well either.