The miner reported a 25% fall in diamond sales during the second cycle of the year, compared with the traditionally stronger first cycle, in line with its expectations.
Diamond Mining News
Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.
The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
The target group was the the top diamond consumer in 2015, a year in which most commodities plummeted, hitting the mining industry very hard.
The company originally intended to combine its Tongo project with Tonguma, but it has now decided to become the mine's operator.
The world's number five diversified miner posted its first annual net profit in five years.
With evidence mounting about a surge in the volume of uncut synthetic diamonds entering the marketplace, Diamond Services has announced that it is expanding its synthetic screening service for rough diamonds at its facilities in Hong Kong and New York.
The 227 carat Type IIa D-colour stone is the biggest diamond recovered at the large diamond recovery circuit at the Lulo mine to date and Angola’s second largest diamond on record
Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. The milestone consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands.
RCS Global and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) have launched the first universal framework designed to improve how governments manage artisanal and small-scale mining.
Report by the Mining Association of Canada (MAC) says the country is not in a good position to benefit from the increasing number of companies ready to make new and significant investments.
Majors and juniors swap roles in $7 billion a year mining exploration sector
Big, valuable gemstones that may eventually get cut into smaller diamonds keep getting discovered in Angola.
EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.
A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.
Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.
The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.
The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.
The 67.87-carat gem quality octahedron diamond, unearthed during production ramp-up, is the largest of its kind recovered to date at the remote mine.
Weeks after making the difficult decision to flood Snap Lake, De Beers could be sharpening the axe for more job cuts at a Canadian diamond operation.
More than 500 unionized workers are expected to ratify the agreement in an upcoming vote scheduled for March.
Mountain Province Diamonds Inc. is pleased to announce the appointment of Perry Ing to the position of Chief Financial Officer effective February 6, 2017.
The US Securities and Exchange Commission is reconsidering the rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.
Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.
While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"