Diamond Mining News

Lucapa’s mine in Lesotho continues to yield special diamonds

The 11.88-carat diamond was recovered from the North zone of the Mothae diamond mine.

Brazil studying auction of rights to six unexplored mining areas in 2019

The unexplored areas that have significant potential output of copper, gold, phosphate and other minerals.

S&P raises ALROSA's credit rating to BBB-, outlook is stable

The world's leader in diamond mining reports raising of its long-term credit rating by S&P Global Ratings international rating agency to BBВ-, the outlook is stable.

Caterpillar says tariffs will wipe out up to $200M

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

South African diamond fetches half a million dollars

The gem was sold on tender for $11,267 per carat.

De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades

Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time.

Canada scaring mining investors with long, unclear permit processes

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

Petra shares drop after it cuts 2019 diamond production forecast

The miner said it expects to produce 4.6 million to 4.8 million carats in 2019, well below the 5.0-5.3 million carats it forecast in July last year.

Alrosa to start diamond mining at Zarya by 2019

Total diamond resources are estimated to contain 3.5 million carats of diamonds.

De Beers buys Canada’s Peregrine Diamonds for $81 million

Canadian firm is the sole owner of the Chidliak diamond project in Nunavut.

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

Earth holds quadrillion tonnes of diamonds deep beneath its surface

Getting to them would take technology far beyond what we currently have at our disposal.

Fura Gems grabs more ruby assets in Mozambique

Gemstone producer us is expanding its footprint in Mozambique by acquiring nine ruby assets from ASX-listed Mustang Resources and Regius Resources Group.

Rio Tinto to sell its largest pink diamond

The 3.14-carat polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink diamonds tender.

ALROSA to name diamonds "Lev Yashin" and "Brilliant moment!" based on fans' suggestions

More than 30 people suggested naming the diamond "Lev Yashin" in honour of the legendary Soviet goalkeeper. The first participant to propose this idea was Ilya Turbachev from Chelyabinsk, who is to receive a ticket to the final game. The focus of the competition, a 76.53-carat rough diamond, mined at International pipe, will be named "Brilliant Moment!" The suggestion came from Aytalina Argunova from Mirny, who will also receive a ticket to the final game.

Huge diamonds keep coming out of Lucapa’s Lulo mine in Angola

This time is a 114-carat white stone.

Death by diamonds: Suicides wipe the shine off India's gem trade

Over 80 percent of the total workforce earn a piece rate of 1 to 25 rupees for each stone they polish and have no social benefits.

Alrosa unearths diamond shaped as soccer ball

The 0.50-carat stone was found at the company’s Karpinskaya-1 pipe, located in the northern Arkhangelsk Region.

South Africa mines minister delays finalisation of draft mining charter

Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.

SYNTHdetect shortlisted as finalist for industry innovation award

SYNTHdetect, launched last year, is the first synthetic diamond screening device.

Finds at Lucapa’s Lulo project jump on record mined diamonds

Production at Lucapa's 40%-owned Lulo project, in Angola, rose 20% during the June quarter.

S. Africa seeks re-opening of shuttered mines to boost economy

Mineral Resources Minister Gwede Mantashe believes mines on care and maintenance are bad for the economy.

Petra Diamonds sells stake in Kimberley Ekapa JV for $22 million

The Kimberley Ekapa joint venture focuses on mining in the South African town of Kimberley.

ALROSA sells large diamonds at an auction in Vladivostok for $17 mln

In 2017, the total revenue of ALROSA from the sale of diamonds at tenders and auctions in Vladivostok exceeded $70 million. On the first 2018 auction held in May ALROSA sold large rough diamonds for $14.8 million. Until the end of 2018, ALROSA will hold two more auctions in Vladivostok - in September and November.

New campaign for Rio Tinto’s Australian Diamonds is launched in India

Rio Tinto‘s Australian Diamonds programme has launched its latest campaign in India highlighting a new range of affordable bridal and fashion jewellery from the company’s Argyle diamond mine in Australia.