The project, which has existing infrastructure, a camp and a diamond processing plant in place, is located just 5km from Letšeng, the highest dollars-per-carat kimberlite diamond mine in the world.
Diamond Mining News
The country, however, was 100% import reliant on 20 mineral commodities, including rare earths, manganese and niobium, which are among a suite of materials often designated as “critical” or “strategic.”
Brendan Bell, who has also resigned to Dominion's board, has agreed to stay on as CEO until June 30 to ensure a smooth transition.
The Africa-focused diamond miner said it expects to resume trading before the open on Tuesday next week.
The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.
The world's top diamond producer sold $720 million of rough gems at its January offering as retailers restocked after the holidays.
Guernsey's, the New York City-based auction house, is delighted to announce two extraordinary events. On April 12, the Marcial de Gomar Collection of spectacular emeralds will be held, followed less than a month later by the May 3 auction of the Mountain Star Ruby Collection.
Dominion Diamond Corporation reports Diavik Diamond Mine production results for the fourth calendar quarter of 2016.
Eager Chinese and Russian buyers are requesting replicas of the the sapphire and diamond engagement ring.
Dhamani joins an exclusive group of master craftsman and luxury jewellers with access to a direct supply of Australia’s rare Argyle pink diamonds and entrusted with transforming Argyle pink diamonds into exquisite jewellery.
World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.
The esoteric diamond industry has never been more interesting to observe and challenging to predict.
The 35.26 carat brown diamond was among a number of rough gems found at Merlin mine, including a 14.6 carat brown rock as well as a number of smaller white diamonds.
Last year was an eventful one for the diamond industry: From the largest producers coordinating supply cuts and the manufactures to returning to profitability, to the second-largest gem-diamond ever recovered going to auction and more. Here's a quiz to test your knowledge.
Technological applications of diamonds significantly outweigh their popularity as jewellery, and are increasingly widespread in industry.
The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.
The world's largest diamond company has been exploring for kimberlites north of the decommissioned Cluff Lake uranium mine.
Congolese security forces accused of shooting civilians in the southern city of Lubumbashi.
Work on flooding the tunnels of the shuttered diamond mine will start in early January and is expected to take between six and eight weeks.
While it was “only a small diamond at 0.124 carats,” the firm says it demonstrates the potential for valuable coloured precious rocks at the mine, currently in its ramp up phase.
In 2016, the diamond industry has been marked by the follow-through of actions taken by De Beers, ALROSA and Rio Tinto to curtail global supply.
The diamond producer by value sold $418 million of gems in its 10th cycle, compared with $476 million at its previous offering, which shows demand has slowed since India's withdrawal of high-value bills.
Technological leaps have allowed companies to create large numbers of gem-quality stones inexpensively, but very few know how they are really made.
Diamonds' position at the pinnacle of the Mohs scale could be in jeopardy according to recent research by scientists at Australian National University.
Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.