Diamond Mining News

SGS launches FAST solutions for the mineral industry

Field Analytical Services and Testing (FAST), is launching in North America and Australia.

Zimbabwe to scrap platinum and diamond mine ownership rules

Zimbabwe holds the world’s second-largest known reserves of platinum-group metals after South Africa, plus substantial deposits of gold, diamonds, lithium, iron ore, coal, chrome and nickel.

Canada’s Northwest Territories gets big resource development boost

The Government of Canada is investing in projects that will support resource development in an area where the territory's three operating diamond mines are located.

Star Diamond shares soar as study reveals ‘unusually high’ amount of high-value stones

About 27% of the diamonds at the company’s Orion South and Star exploration sites are type IIa, a category that represents less than 2% of all rough stones mined from kimberlites.

Botswana's president denies report of $600 million diamond-backed loan to Zimbabwe

Zimbabwe's secretary in the ministry of foreign affairs was quoted as saying Botswana had offered to lend Zimbabwe $500 million to support its diamond industry.

Canada’s mining sector at a crossroads — report

Canada's mining sector is going through dramatic change, but the industry remains bullish on growth, and miners increasingly believe innovation and advances in technology will reshape the industry.

QMC confirms spodumene in first holes at Irgon

Quantum Minerals is currently amid phase one of a two phase drill program at Irgon designed to confirm and expand the project’s historical resource that Lithium Corporation of Canada tabled in 1956.

Mountain Province begins Kennady North winter drilling

The Kennady North property includes the Faraday and Kelvin kimberlites.

Rio Tinto investors partying like it’s 2014

Miner will pay a special dividend worth $4 billion, or $2.43 cent a share, as it recorded its highest annual underlying earnings in the last five years.

Alrosa unearths 99 carat gem-quality diamond

The rock, a unique transparent one with a visible yellow shade and of gem-quality, is the second major find since the launch of the Verkhne-Munskoye diamond deposit.

Botswana offers Zimbabwe $600m in loans — report

Zimbabwe's diamond sector has struggled since the government kicked out private companies from the eastern Marange fields.

De Beers consolidates Canadian, South African assets

De Beers announced the change as its mining footprint in both countries is shrinking.

Diamond Producers Association launches ‘For Me, From Me’ campaign

Latest ‘Real is Rare’ campaign celebrates self-purchase women at all life stages.

De Beers says lab-grown diamond wholesale prices fall by up to 60%

De Beers has invested in a synthetic diamond factory in the U.S. state of Oregon, which should produce more than half a million rough carats a year in 2020.

Canadian miners had a tough 2018, but optimism remains — EY

Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.

Mining stocks rally as copper price hits 7-month high

BHP, Anglo American touch one-year highs.

Mining companies operating in Sub-Saharan Africa should invest in renewable energy — report

According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region's favourable climate conditions.

Petra Diamonds appoints new CEO, share price rises

Analysts said appointing Richard Duffy, who has held finance posts in his 27 years in mining, would benefit the company as it sought to cut debt.

Famed Cullinan mine banks on big diamonds to drive down debt

It could take 'between five and 10 years' to clear the debts related to the mine.

Heart-shaped diamond found in time for Valentine’s Day

The unusual gem found by Alrosa weighs 65.7 carats.

Alrosa exhibits largest pink diamond ever found in Russia

The Russian miner sees encouraging prospects from colourful diamonds, market in which it aims to become the world’s leader.

Alrosa sales fell in January

Diamond sales dropped by 44% year-on-year in the first month of 2019.

Firestone shares on fire after finding 70-carat diamond in Lesotho

The white, makeable diamond is the largest found so far this year and follows the recovery of a 46-carat, gem quality white rock in December.

Minerals Council of Australia calls for tax, workplace law reform

According to the industry group, such reform would encourage additional investment in capital and technology.

Nanosized diamond used to create super strong aluminum alloy

The resulting material is expected to be used in the maritime industry.