Diamond Mining News

Anglo American about to make key decision on South African assets sale

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.

Capital allocation: Canadian miners' top priority for 2017

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 about to reach its peak

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.

De Beers facing legal action over mercury monitoring at Victor mine

Suit claims company failed to report mercury levels at five of nine water monitoring stations near Victor mine.

Alrosa diamond sales picked up in November

The company's total diamond sales last month amounted to $255.2 million, 63% higher than in November last year.

De Beers invests $5 million to expand India’s diamond grading unit

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 involved in Central African 'conflict diamonds' trade — report

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.

Gemfields postpones emerald auction over India's ‘demonetization’

The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.

Canada's Diavik mine axes 51 jobs

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.

Lucapa granted new five-year exploration licence for iconic Angola mine

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.

CHART: Mining capex decline set to continue

Global miners have been cutting spending on new projects and expansions since 2012.

Northern Canadian diamond miner ready for new exploration

Undeterred by transportation challenges at its northern Canadian diamond property, Peregrine Diamonds is about to open its wallet for the next phase of exploration.

Canada’s Quebec launches online tool to help suppliers win up to $50bn in contracts

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.

Miners increased spending positive, but far from reaching staff just yet

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

CHART: Trump $500 billion will do very little for global mining

Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.

Lucara fetches $38.7 million in second exceptional diamond tender of 2016

Lucara Diamond Corp. is pleased to announce excellent results from its second Exceptional Stone Tender of 2016.

Less than shiny: De Beers recent sale the lowest this year

The world’s top diamond producer by value said results were in line with expected seasonal demand patterns.

Alrosa diamond sales drop in October, but outlook remains positive

Rough gems sales totalled $430.8 million in October, slightly less than the $435 million fetched in September.

New initiative aims to advance responsible sourcing of raw materials in technology supply chains

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

Dominion moves headquarters to Calgary in cost-cutting effort

The move comes on the heels of a similar decision by De Beers Canada, which moved its headquarters from Toronto to Calgary in July.

Lucapa soars on record sales from Angola mine

The stock jumped after it announced it had fetched $8.3 million for 1,864 carats of rough diamonds from its Lulo project.