Diamond Mining News

Market volatility means cash is king for mining and metals companies

Cash optimization, capital access and productivity top EY’s 2016-17 business risks.

No rapid rebound for African mining

Despite continued investment in copper assets on the continent from China and India hunting for coal mines.

Will Anglo stick to radical restructuring plans?

A credit upgrade, a rocketing share price and rally in coal and iron ore call into question downsizing strategy of world's number five miner.

Lucapa unearths 172.6-carat diamond, second big find in a week

Large-carat diamonds just keep coming.

Rethinking resource investing

The explore-develop-produce model cannot be eliminated, but there are plenty of models that work within it or alongside it. Two are worth mentioning.

Flashback Friday: The world's scariest mining chart

One year ago the most popular post at MINING.com examined how much longer the bear market in mining would last – compare and contrast.

Alrosa unveils detection device for polished diamonds

Rough-diamond prices fell 18% in 2015 and some miners, such as Alrosa, believe synthetic gems were partly responsible for it.

One of world’s largest, newest diamond mines is now open

Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), is expected to inject $5.2bn into Canada’s economy.

Kimberley Process chair discusses future with DRC government

As part of his Africa Initiative, ahead of D.R. Congo general elections, the UAE KP Chair, Ahmed Bin Sulayem, meets Government Ministers to discuss Kimberley Process.

World’s top diamond producer Alrosa doesn’t like synthetics

The Russian miner, the world's top diamond producer by output, said it has become imperative for the industry to find effective ways to defend the market from illegal substitutions by synthetic gems.

Petra Diamond sees shiny 2017 for the global industry

The miner is confident in the long term outlook for the diamond industry and it expects is to be cash flow positive in the second half of the current financial year.

Not with a bang but a whimper: How commodities may end year

With supply gluts persisting from corn to oil, traders are already gearing up for declines.

Millennials gave a $25 billion shot in the arm to the diamond industry last year

De Beers, the world's biggest diamond producer, warns that many of the challenges affecting the industry last year are likely to continue over the next decade.

Rio Tinto’s rare pink, red and violet diamonds showcased in Hong Kong

The 2016 Tender, named the “Chroma Collection” because of its potency of colour, comprises 57 pink diamonds, two violet diamonds and four red diamonds and weighs a total of 58.24 carats.

Despite problems SA still represents half sub-Sahara mining

Value of South Africa's mining industry forecast to contract 11.4% in 2016, followed by years of close to zero growth according to new report.

This new technology could be blood diamonds worst enemy

Two companies have partnered to use near field communication (NFC) — best known for enabling mobile payments— for tacking a diamond's history.

Vancouver diamond junior's Botswana deal falls through

Tango Mining couldn't raise $8 million to acquire Firestone's past producing diamond mine in time.

Swiss jeweller buys rights to $63M Constellation diamond 

The world's most expensive rough diamond is now in the hands of De Grisogono, a Swiss luxury jeweller and watch maker.

As the land dries up, diamond mining companies are turning their sights to the sea

Twelve miles off Namibia’s arid southern coastline, 150 metres below rolling ocean waves, diamond miners are hard at work securing a future for the practice of romancing by stone.

Lucapa finds another massive diamond at Lulo, biggest pink yet

The 38.6-carat coloured stone is the largest “fancy” pink diamond recovered to date from Lulo.

World’s largest, newest diamond mine to inject $5.2bn into Canada’s economy

Gahcho Kué, co-owned by De Beers Canada and Mountain Province Diamonds, is also expected to provide 1,200 new jobs.

Kimberley Process Chair visits Burkina Faso

As part of the KP Chair’s ‘Africa Initiative’, Ahmed Bin Sulayem met the President of Burkina Faso.

Anglo's top shareholder to call vote on assets sale plan

South Africa's Public Investment Corporation (PIC), which owns 14.5% of Anglo, believes the mining giant may not realize the full value of its assets.

Oil sands stoppages push Canadian GDP down to 2009 recession levels

The country’s economy shrank 1.6% in the April-to-June period, the largest quarterly decline in seven years.