Diamond Mining News

Canadian diamond thieves finally arrested

The arrest came following a Canada-wide warrant.

UAE Kimberley Process Chair visits Uganda to garner support for the Global Initiative

Bin Sulayem meets with Uganda’s Office of the President and Ministry of Energy and Mineral Development to discuss Kimberley Process.

Congo’s cobalt production set to soar despite claims of child labour

Last year, the country's cobalt production accounted for just over half of the world's output.

Thieves swap $20k diamonds for worthless stones in Canada’s East Coast

Investigators believe the couple may be the same who stole a $10,000 diamond in Saint John, New Brunswick, earlier this month.

Kimberley Process chairman wants UN involvement in supervising global diamond trade

Ahmed bin Sulayem says a well-structured permanent body able to take over the work currently done by volunteers is urgently needed.

$10,000 diamond stolen in New Brunswick

'These were pros,' the owner of the jewellery said.

NGOs want Venezuela to halt mining concessions, claim violations of Indigenous rights

Advocacy groups are taking issue at the Mining Arch of the Orinoco River National Development Strategic Zone.

DiamondCorp’s troubles continue

The company was issued a shutdown notice for its Lace project in South Africa's Free State province.

Positive signs put Canadian junior miners in a good position for recovery – PwC report

Investors have seen a rise in the market capitalization of top junior mining companies on the TSX Venture Exchange by more than 100% compared to last year.

Plan Nord: Extracting the most value for Quebec

" Despite the uncertainty around global metal prices, Quebec Premier Philippe Couillard has thrown his support behind a project that has the potential to be transformational for the north of his province."

CHART: Despite unnerving gold price fall, mining rally's intact

While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.

Stellar posts upbeat economic assessment for Sierra Leone’s second largest diamond project

The company said its proposed Tongo-Tonguma mine economic evaluation demonstrates robust financial returns for a modest capital requirement.

De Beers latest diamonds sale the lowest this year

Still, the world’s biggest diamond producer by value said the auction was better than it had expected.

KP Chair, AWDC Rough Diamond Valuation forum moves closer to defining methodology

KP Chair Ahmed Bin Sulayem opened the second rough diamond valuation forum with a call for a unified approach

Rio Tinto’s exclusive Argyle Pink Diamonds Tender inspires luxury jewellery collections in New York

Rio Tinto’s 2016 Argyle Pink Diamonds Tender collection has provided the inspiration for a US$20 million showcase of iconic pink and blue diamond jewellery pieces and limited edition collections of exquisite jewellery in New York.

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.

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.