Diamond Mining News

Award winning Diavik Diamond Mine honoured as industry leader

Diavik Diamond Mine is located 300 kms northeast of Yellowknife, capital of Canada’s Northwest Territories.

Botswana Diamonds buys Alrosa’s stake in Sunland Minerals JV

The company acquired the remaining 50% in the joint venture from its previous partner and said negotiations were already advanced with an unnamed potential new associate.

World Diamond Council calls for expanding the definition of conflict diamonds

The proposed definition and principles for responsible sourcing further support the reform agenda and industry’s efforts in raising standards to meet and exceed consumers’ expectations

Golden Ridge closes option deal with Barrick for 100% interest in Hank Project

Golden Ridge spent $4 million on exploration at Hank and completed nearly 11,000m of diamond drilling.

Stornoway Diamond shares down on $37 million loss, departure of CEO

CEO Matt Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011.

ALROSA sells large rough diamonds in Vladivostok for $10.3 million

The company has sold 119 gem-quality rough diamonds with a total weight of 1,890 carats.

Diamond industry fails to clean up its act

The diamond industry must go beyond just lip service and meaningful measures to bring itself into line with international standards.

De Beers to make some enemies, cuts low-quality diamond prices

The world's largest diamond producer is said to have reduced prices for low-quality stones as much as 10 percent.

De Beers is said to make big cuts in low-end diamond prices

De Beers is famous for its tight control over the diamond market.

Kimberlites exploration drilling underway in Fort à la Corne Saskatchewan

Star Diamond Corporation announced that Rio Tinto Exploration Canada commenced an HQ core drilling program on 11 holes.

ALROSA reports October diamond sales $242.8 million – down 28% YoY

ALROSA's total diamond sales in January-October 2018 grew 6% YoY.

Rio’s Argyle pink diamonds tender breaks record

The 2018 collection of the finest pink, red and violet diamonds continued its trajectory of double-digit price growth.

Alrosa recovers first rough diamond over 50 carats from new Yakutia deposit

The diamond's age is estimated at 350 million years, it weighs 51.49 carats and measures 23 by 22 by 15 mm.

Anglo finds returns outweigh risks as it renews Africa focus

The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.

Botswana Diamonds yields control of South African project to contractor

Deal will allow the company to self-fund the Thorny River project from bulk sampling through to mine development.

Canadian miners’ performance in Q3 hit by lower metal prices

EY’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 12 percent in the third quarter of the year when compared to the previous three-month period.

Surge Exploration to buy Atacama Cobalto property in Chile

The property was originally explored as an iron-ore mine prospect but it ended up showing cobalt potential with positive assay results.

Canadian diamond miner grows output from South African mine

Diamcor Mining announced that following its previous release on the initial tender of 2,606.50 carats of rough diamonds, it delivered an additional 5,335.83 carats before the end of October.

Interview: Gren Thomas, the man with the golden hand

The Westhaven surge is a reversal of fortune for Gren Thomas, who got his share position by bankrolling the company, keeping it afloat through years of struggle and shoestring budgets.

Capital-starved mining sector creates 'buyer's market' for investors

Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors.

Golden Arrow options advanced stage Indiana gold-copper project in Chile

The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper.

Gem Diamonds revises up full-year output target as recoveries on the rise

So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.

South African diamond miner wants to go digital

Epiroc and Kimberley Ekapa Mining are working together to digitize the latter’s diamond operations.

Alrosa kicks off mining at new diamond field in Siberia

President Vladimir Putin, who attended the opening ceremony, said the new operation reinforced the state-controlled firm's position as a diamond world leader.

Rio Tinto sees new-style partnerships as the future

If a community or government wants a bigger share of the pie, they may need to be willing to take on more of the risk.