Diamond Mining News

Canada losing ground as mining investment destination

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.

These 10 companies spend most looking for gold, copper

Majors and juniors swap roles in $7 billion a year mining exploration sector

Another large diamond dug from Lulo

Big, valuable gemstones that may eventually get cut into smaller diamonds keep getting discovered in Angola.

Weak finish for the Canadian Mining Eye Index in Q4 — EY

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.

DR Congo’s perfect storm

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.

Rio Tinto logs first annual gain since 2013 on iron ore rally

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.

Russia’s Alrosa January sales up 60%

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.

Rio Tinto gives shelved diamond mine to central Indian state

The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.

Mountain Province just found this massive diamond at Gahcho Kué

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.

Ontario diamond mine expansion shelved, casting uncertainty over Victor

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.

Dominion Diamond, Ekati miners reach provisional four-year deal

More than 500 unionized workers are expected to ratify the agreement in an upcoming vote scheduled for March.

Mountain Province Diamonds announces appointment of Chief Financial Officer

Mountain Province Diamonds Inc. is pleased to announce the appointment of Perry Ing to the position of Chief Financial Officer effective February 6, 2017.

US mulls scaling back ‘conflict minerals’ rule

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.

Did this financier just call the end of the mining rally?

Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.

Here’s what miners should expect and do in 2017

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?"

Lucapa adds Motahe project in Lesotho to portfolio, shares jump

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.

US mines produced an estimated $74.6 billion in minerals last year

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.”

Dominion Diamond CEO to step down due to family reasons

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.

Lucapa Diamond in trading halt ahead of acquisition of new project

The Africa-focused diamond miner said it expects to resume trading before the open on Tuesday next week.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

De Beers has just sold largest amount of rough diamonds in a year

The world's top diamond producer sold $720 million of rough gems at its January offering as retailers restocked after the holidays.

Museum-quality, family-owned collections of rare emeralds and star rubies at auction this spring

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 fourth calendar quarter production

Dominion Diamond Corporation reports Diavik Diamond Mine production results for the fourth calendar quarter of 2016.

Everyone wants Kate Middleton's diamond ring

Eager Chinese and Russian buyers are requesting replicas of the the sapphire and diamond engagement ring.

Rio Tinto welcomes Dhamani as a Select Atelier for Argyle Pink Diamonds

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.