Diamond Mining News

Arctic Star starts work at Diagras property

The Diagras property covers 22,595 hectares with a total of 23 known kimberlites on trend with the Diavik mine.

Alrosa says Verkhne-Munskoye deposit is more prolific than previously thought

During a 5-day experiment, the company extracted 239 diamonds larger than 8 carats.

Petra Diamonds keeps founder Pouroulis as chairman

The diamond miner said the appointment of a new chair was "not appropriate" at this time.

Russian diamond miner Alrosa wants controlling stake to mine in Zimbabwe

Alrosa will assess Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project.

De Beers, Botswana to expand world's richest diamond mine

The joint venture partners have awarded a $1.2-billion contract to extend the lifespan of their Jwaneng mine unit 2035.

Rio Tinto rejects push by activist shareholders to reveal emission targets

Miner has hit back at a push to make it more accountable for carbon emissions produced by its customers, including Chinese steel makers.

Alrosa's Mir mine won't reopen before 2030

Russian diamond giant says decision to restore underground mine will be made before 2024, but construction could take up to eight years.

Alrosa's resources estimated in over 1 billion carats

Reserves were estimated at 628 million carats.

Botswana's Debswana targets diamond output of 24 million carats in 2019

Debswana lifted diamond output by 6% to a four-year high of 24.1 million carats in 2018.

Alrosa's 2018 net profit up 15%

Russian state-controlled diamond producer Alrosa said on Friday its 2018 net profit rose to 90.4 billion roubles ($1.4 billion).

Lucapa finds fourth +50 carat diamond at Mothae mine in Lesotho

While the 83.9 carat rock was not gem-quality, Lucapa says the find continues to underline the large-stone nature of the kimberlite resource.

MAC says mining needs government support to enhance competitiveness

Capital investment in the mining sector has declined each year since 2012, with investment intentions for 2018 in line with this trend.

Gem Diamonds nets $8.8 million for 13.3 carat pink rock

The price per carat was $657,000 — a record for a diamond found at Gem’s Letšeng mine in Lesotho.

Sustainability pressure turns into competitive advantage for miners — report

Ethically sourced gold for example, may command a price premium of 3% to 5%.

Diamond recycling could save the natural industry

De Beers quietly entered the recycled diamond business in 2016.

Six foreign-controlled miners to start divestments in 'near future' – Indonesia

Foreign-controlled miners are required to gradually start reducing ownership after five years of production.

Gem Diamonds posts record results, but withholds dividend

The company cited uncertainty about the global diamond industry as one of the main reasons for choosing not to pay a divvy.

South Africa’s alluvial diamond miners hampered by lack of government support, funding and inappropriate regulations

The alluvial diamond mining industry has attempted to highlight the diversity of the junior mining sector and the challenges of the ‘one size fits’ all approach to minerals policy by regulators.

Salary not top priority for mining jobseekers – Study

Out of 800 people polled, 40% prioritize work-life balance.

Petra Diamonds shares jump after another discovery at Cullinan

It follows the recent recovery of a 6.12 carat Type II blue stone at the same mine.

Amazon rainforest's riches up for grabs as Brazil to open indigenous reserves to mining

Brazil’s new right-wing government is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.

Alrosa’s February diamond sales up 23% over January

Rough diamonds sales in February increased to $340.6 million, compared to $278.2 million in January 2019.

Botswana sees lower mineral revenues in 2019

Retail jewellery sales fell during the last quarter of 2018, while polished prices continued to decline into the beginning of 2019.

Zimbabwe to allow foreign platinum miners control of local operations

Foreign platinum and diamond miners have been restricted to only 49 percent ownership of their Zimbabwe operations by the black economic empowerment law.

SGS launches FAST solutions for the mineral industry

Field Analytical Services and Testing (FAST), is launching in North America and Australia.