Production dropped 6% in the quarter.
Diamond Mining News
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.
The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces).
Alrosa's sales in the first quarter fell 38 percent from a year earlier to $988 million.
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.
After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.
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.
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.
The 118.91-carat stone is the largest recovered at the site in the past two years.
Graff has now created a 302.37-ct square emerald cut diamond – the world’s largest of that particular cut.
The 28-carat diamond, named Argyle Octavia, will be auctioned in Antwerp, Belgium.
The underground extension of Aikhal will keep it in operations until 2044 and it's estimated to cost about $16 million.
The new deposit should compensate for the depleting stock of the Komsomolsky open-pit mine.
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'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 says the model should guarantee that government diamond revenue provides vital infrastructure to the communities where the diamonds are found.
The updated inferred mineral resource at Faraday 2 highlights 5.45 million carats of diamonds, a hefty 74% increase over its 2017 estimate.
The Montreal-based diamond producer said the move would not have an impact on total revenue for 2019.
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.
The Riivos-built mining financial technology software helps them spend less time building spreadsheet models and more time optimizing their mine project economics.
It's the second one over 70-carat Firestone has found at its Liqhobong mine this year.
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.
Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.
The WDC believes that initiatives such as the peace process in the Central African Republic boost fairness in the artisanal mining sector.
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.