Diamond Mining News

Big boost for world's top diamond miner

Moody's upgrades Alrosa credit, praising Russian firm's low-cost reserve base, technical mining expertise, solid liquidity and conservative financial policy.

Emerging trends in the mining industry

Despite the dilemmas in recent years, which continue to persist, emerging trends in the mining industry may offer solutions — or at least opportunities for improvement industry-wide.

De Beers moving out of historic London HQ

The famous De Beers office at Charterhouse St., adjacent to the Hatton Garden diamond district, is one of the assets Anglo is considering to sell to cut its debt burden.

Miners spending again: $50 billion capex in five months

Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.

Anglo shareholders revolt against Cutifani’s $4.9 million pay

Full voting results will be released on Friday.

Shirley Temple’s fancy blue diamond ring fails to sell

The stone, still in its original Art Deco setting, was expected to fetch up to $35 million.

India says Kohinoor diamond belongs to Britain

The gem has been at the centre of a diplomatic row between India and the UK, with New Delhi arguing for decades that it should get it back.

B.C.’s 2016 jade mining season starts on a high note

Jade mining now a $30 million industry in B.C. and local producer plans to increase production by 50% this season

Afghan mineral wealth being looted by strongmen, experts say

Afghanistan has reserves of coal, copper, iron ore, zinc, mercury, rare earths, gems such as rubies and emeralds, gold and silver worth about $3 trillion.

Alrosa forecasts brighter times for diamond sector

The Russian firm, which together with De Beers controls almost two-thirds of the diamond market, is being prepped for privatization.

Dominion Diamond swings to loss, names new chairman

The miner lost $11.6 million in the fiscal 2016, compared to a profit of $170.3 million in 2015.

Gren Thomas: Mining legend talks rare earths, diamonds, and gold

Gren shares the story of his part of the discovery of diamonds in Canada which has led to a billion dollar business.

Lucara revenues for first exceptional tender exceed US$51 million

The 10 diamonds, found at the Karowe mine in Botswana, were sold for gross revenues of $33,632 per carat.

Would you propose with a diamond grown in a lab?

Diamond Foundry first crossed my radar in November of 2015, when Leonardo DiCaprio tweeted that he was proud to be an investor in the company.

Nunavut Impact Review Board objects new diamond project

Based on comparable widths and grades, Dunnedin Ventures' Kahuna project has similarities with DeBeers’ Snap Lake.

Canada unveils final anti-corruption law for the extractive sector

Estimated to cover the nearly 2,000 natural resource companies whose businesses are registered in Canada or trade on Toronto’s stock exchange.

Illegal mining in Congo wiping out gorilla populations

Fewer than 3,800 Grauer gorillas still live in the wild, down from 17,000 in 1998 due mainly to illegal mining for coltan and other minerals, a report shows.

Standard for responsible mining released

This second draft of the Standard for Responsible Mining reflects the input from over 1400 points of comment contributed by more than 70 organizations and individuals worldwide, including industry and technical experts.

De Beers blue diamond smashes auction records in Asia, fetches almost $32M

This diamond was the target of an attempted multi-million pound robbery in November 2000, which was foiled by the Metropolitan Police.

INFOGRAPHIC: Receding Arctic ice unlocking fathomless mineral resources

If you don’t mind frost and cost.

Largest ever blue diamond to be auctioned – Oppenheimer Blue

The largest ever blue diamond will go under Christie's hammer in May.

Kimberley Process Chair visits De Beers to discuss industry matters

KP Chair, Ahmed Bin Sulayem was hosted by Philippe Mellier, Chief Executive Officer of DeBeers at their Charterhouse Street Headquarters in London on 24 March.

Diamond miner halted after digging on ancient archaeological site

A DIAMOND mining company has until April 8 to challenge an interdict against it for mining in an archaeological site that goes back 3.2-million years.

Diamond dedicated to mothers of Russia

Company President Andrey Zharkov signed an order to give to the fact of a gem-quality diamond extraction the name Mothers of Russia.

This is the 68-carat diamond Lucapa just found at its Lulo mine in Angola

The 68.1-carat gem-quality diamond is one eight 'significant' rocks found from trial mining at a new area of the Lulo concession.