While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.
Diamond Mining News
With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.
Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.
Suit claims company failed to report mercury levels at five of nine water monitoring stations near Victor mine.
The company's total diamond sales last month amounted to $255.2 million, 63% higher than in November last year.
Move takes the group’s total investment in the Indian city of Surat, which has the largest concentration of diamond skilled workers in the world, to $15 million.
Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, a new report shows.
The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.
Company says it was forced to lay off employees from across the business given "current market conditions."
KP Chair holds discussions with Tokyo Diamond Exchange Club, Japan Gem Society and leading Japanese jewellery retailers
The UAE Kimberley Process Chair, Ahmed Bin Sulayem, has travelled to Japan to meet with senior representatives from the country’s diamond trade industry. The goal of the discussions was to determine how these organisations can focus on generating awareness and raising consumer confidence in the KP and the broader diamond industry.
The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.
Global miners have been cutting spending on new projects and expansions since 2012.
Undeterred by transportation challenges at its northern Canadian diamond property, Peregrine Diamonds is about to open its wallet for the next phase of exploration.
Platform aims to help local suppliers bid for contacts related to the Plan Nord, a provincial initiative to invest about $1.3 billion in infrastructure and other projects over the next five years.
While most miners have managed to straighten the balance sheets, they have not began preparing to deal with a new looming risk —their ability to access workers with the skills needed in an upswing.
KP Plenary reaches historic agreement on Permanent Secretariat and NGO Fund Proposals by UAE KP Chair
Proposals to be approved by United Nations General Assembly by end of 2016
Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.
Lucara Diamond Corp. is pleased to announce excellent results from its second Exceptional Stone Tender of 2016.
The world’s top diamond producer by value said results were in line with expected seasonal demand patterns.
Rough gems sales totalled $430.8 million in October, slightly less than the $435 million fetched in September.
The EICC and CFSI Launch the Multi-Industry Responsible Raw Materials Initiative (RRMI).
UAE KP Chair encourages independent funding of NGOs and creation of UN Permanent Secretariat at Annual KP Plenary
Over 300 participants from around the world flock to Dubai to discuss issues vital to the future of the KP and stakeholders of the diamond industry
World Diamond Council praises industry progress ahead of the 2016 Kimberley Process Plenary Meeting in Dubai
WDC to host an Observers Forum encouraging constructive dialogue and upholding the integrity of the diamond supply chain
The move comes on the heels of a similar decision by De Beers Canada, which moved its headquarters from Toronto to Calgary in July.
The stock jumped after it announced it had fetched $8.3 million for 1,864 carats of rough diamonds from its Lulo project.