Diamond Mining News

These were the top producing diamond mines in 2016

Here are the top 10 diamond mines in terms of output in carats and value.

INFOGRAPHIC: The numbers behind the world's closest trade relationship

Whether we’re discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships.

Coloured diamonds becoming everyone’s favourite, auctions show

Diamonds – and especially the fancy colored stones – continue to hold investors in thrall, and auction houses are ensuring the fascination endures with sales featuring some stunning selections.

De Beers pioneers research programme to make carbon-neutral mining a reality

De Beers Group today announced it is leading a ground-breaking research project that aims to deliver carbon-neutral mining at some of the company’s operations in as few as five years.

De Beers Group returns US$5 billion to its partners in 2016

De Beers Group increased returns to governments, communities, supply chain partners and its joint venture partners by 26 per cent to US$5 billion in 2016, according to its latest Report to Society, published today.

Gem Diamonds found this high-quality 80-carat rock in Lesotho

The D-colour Type-II diamond is one of the highest-quality stones to come out of the company’s Letšeng mine.

Lucara disappoints with lower first-quarter revenues

Quarterly revenues were about half of the revenues posted in the year-ago quarter.

2017 global natural diamond production forecasted at 142M carats worth $15.6B

The top 10 largest mines in the world by value produced are estimated to represent 58% of global production.

Mining no longer top sector attracting investors to Africa — report

Industrial and precious metals, coal, oil, as well as natural gas, collectively accounted for just 6.2% of foreign direct investment into the continent last year.

North Arrow announces non-brokered C$5 million private placement financing

The net proceeds of the private placement will be used for general working capital and to fund the continued evaluation of North Arrow’s Canadian diamond exploration properties.

Stellar Diamonds jumps on Tongo-Tonguma tribute mining agreement

Deal creates one of the largest diamond mines in West Africa.

Firestone Diamonds almost done with ramp-up at flagship mine in Lesotho

The Africa-focused diamond producer aims to recover 300,000 carats from its Liqhobong mine by the end of the financial year.

Caterpillar soars as first quarter sales jump for first time in over two years

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

More iron ore comes to the market as Anglo’s output soars in Q1

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

Harrogate company helps discover diamonds

A family-run Yorkshire firm has just dispatched its largest order – nearly three miles of hoses to a diamond mine in Angola.

India’s Supreme Court won’t try forcing UK to return Kohinoor diamond

The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

$10 Million blue diamond arrives in Canada

Kashif Khan wants Canadian investors to get acquainted with some unusual diamonds

Dominion says no contact with Washington Corp after $1.1bn takeover bid

The company has repeatedly offered to engage with Washington Corp on "customary terms," according to Chairman Jim Gowans, but that has not happened.

Iron ore, copper price plunge brings carnage to mining stocks

Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.

Western Canadian mining shines with gems and precious metals

Much of the world’s uranium comes from Saskatchewan, while Alberta is known for its bitumen and various forms of coal. But the West is earning a reputation as a major source of gems and precious metals, especially those high in demand in Asia-Pacific markets.

Diamond giant Alrosa offices raided – report

Russia's Federal Security Service is investigating the world's top diamond producer in relation to assets sales dating back years.

Rio Tinto to fight $447 million Australian tax bill

The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.

‘Conflict minerals’ entering tech supply chains from countries beyond Africa — report

Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.

Firestone soars after finding massive diamond at new Lesotho mine

The stock shot up 13% in London Wednesday after Firestone announced it had unearthed an 110-carat yellow diamond, it’s biggest find so far at its Liqhobong mine.