Diavik Diamond Mine is located 300 kms northeast of Yellowknife, capital of Canada’s Northwest Territories.
Diamond Mining News
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.
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 spent $4 million on exploration at Hank and completed nearly 11,000m of diamond drilling.
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.
The company has sold 119 gem-quality rough diamonds with a total weight of 1,890 carats.
The diamond industry must go beyond just lip service and meaningful measures to bring itself into line with international standards.
The world's largest diamond producer is said to have reduced prices for low-quality stones as much as 10 percent.
De Beers is famous for its tight control over the diamond market.
Star Diamond Corporation announced that Rio Tinto Exploration Canada commenced an HQ core drilling program on 11 holes.
ALROSA's total diamond sales in January-October 2018 grew 6% YoY.
The 2018 collection of the finest pink, red and violet diamonds continued its trajectory of double-digit price growth.
The diamond's age is estimated at 350 million years, it weighs 51.49 carats and measures 23 by 22 by 15 mm.
The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.
Deal will allow the company to self-fund the Thorny River project from bulk sampling through to mine development.
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.
The property was originally explored as an iron-ore mine prospect but it ended up showing cobalt potential with positive assay results.
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.
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.
Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors.
The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper.
So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.
Epiroc and Kimberley Ekapa Mining are working together to digitize the latter’s diamond operations.
President Vladimir Putin, who attended the opening ceremony, said the new operation reinforced the state-controlled firm's position as a diamond world leader.
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.