Morrisville, NC, 4 February, 2016: More than 10 leading grown diamond producers, distributors and retailers have come together to launch a global platform, the International Grown Diamond Association (IGDA). The first ever grown diamond industry […]
Diamond Mining News
The board's recommendation still needs to be approved by Canada’s Northwest Territories authorities.
FTSE 100 reweighting to take place in March.
However, they acknowledge that there are no signposts yet in the market that suggest mineral prices will rebound soon.
The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.
The miners concerted effort to limit global diamond supply is forecast to be offset by stable Russian production, new mines, and production increases by Dominion Diamond and Petra Diamonds.
The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.
Embattled miners have cut jobs in the face of plunging commodity prices, putting pressure on the South African government
Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.
The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.
The discovery of the 55-carat diamond confirms the presence of large stones in the area, said the company.
Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.
The World Federation of Diamond Bourses (WFDB) is preparing for the 37th World Diamond Congress, the biennial meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), which will take place in Dubai from May 16 to 19.
In a fresh attempt to counter weakening demand, the diamond giant is said to have cut prices by as much as 7% at the Jan. 18 sale.
Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.
Consumer products sold across the globe could contain traces of the metal produced by informal Congolese mines, who employ children as young as seven, says Amnesty International.
Robert Gannicott's replacement as chairman will be Jim Gowans, a former DeBeers Canada CEO and most recently the co-president of Barrick Gold,.
New climate change regulations are believe to be the main challenge for Canadian businesses this year.
The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.
They are all located in just three countries: Norway, Russia and Canada.
The world's most valuable substance? It sells for a cool $27 million per gram.
The Esperanza Diamond, believed to be the most valuable precious rock ever discovered in the U.S., is now set into a custom-designed pendant.
Major commodity-producing countries are set to remain under intense finance strain in 2016, which will increase the risk of social unrest, says Verisk Maplecroft.
Fresh selloff brings year loss to 80%. Outside metal prices rebounding (aka divine intervention) and barring extending a begging bowl, what will save Anglo?
The massive gem, named the “The Star of Adam”, could sell for up to $175 million.