Diamond Mining News

Gold Settles $4.30 Lower… ($1222.60)

Today’s Globex Gold market traded in a very technical $13.90 range as the market continued to have a Holiday week feel. I believe the Jobless claims data (tomorrow) may also have some traders side-lined. The […]

AK6 kimberlite diamond development moving ahead

After delays due to the collapse of the diamond market in 2008, and differences of opinion between owners, the new AK6 diamond mine near Orapa in Botswana is now targeting production in late 2011

Precious Metals Continue To Hang Tough…

This week in the precious metals continues to provide evidence that savvy investors are choosing hard assets as an alternative to fiat currencies.  As Greece's debt crisis negotiations continues to   keep the Euro Dollar under […]

New Mine Development on SupplyMine – Star-Orion

The Star, Star West and Orion properties are located in Saskatchewan, Canada some 65 km east of Prince Albert. The Star kimberlite is 100% owned by Shore Gold Inc, which also owns 60% of the […]

ZINC miner Perilya has reported further copper mineralisation at depth below its main Mount Oxide copper project near Queensland’s Mt Isa with intercepts the miner called “spectacular”.

Diamond drilling hit 22m at 6.3% copper and 0.3% cobalt from 258m, 19m at 3.7% copper from 315m, 31m at 6.2% copper from 346m and 23m at 8.9% copper from 395m….more at MiningNews.net

RBC Capital Markets forecasts positive diamond fundamentals despite credit crunch

RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, has published a research report that concludes that despite the worsening global economic climate, the fundamentals for diamonds remain positive. Des Kilalea, Analyst, Global Mining Research at RBC Capital Markets commented: “While the world economy lumbers through one of its worst [...]

Diamond-treatment Plant for De Beers’ Marine Vessel

In a R150 million (US$21 million) contract, Bateman Engineering designed the 250 t/h diamond-processing plant installed on board De Beers Marine (Pty) Ltd’s vessel mv Peace in Africa. The objective of the project was to […]