Diamond Mining News

Alrosa to auction "football" diamonds, the largest one to be named by fansto auction "football" diamonds, the largest one to be named by fans

ALROSA, the world's largest diamond mining company, offers fans to choose a "football" name for large rough diamond weighing 76.53 carats.

De Beers just sold 34 million rough diamonds more than last year

The $575-million figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month.

ALROSA launches football collection of diamonds on the occasion of the World Cup

The collection consists of 32 round diamonds, 0.3 carats each, named after the countries - participants of the World Cup.

Global sales of diamond jewellery have grown by 7% in Q1

In particular, sales of diamond jewelry in North America (the USA and Canada) have increased by 5% as compared to the first quarter of the previous year. The North American market has a strong lead in jewelry sales volumes - as per the results of 2017 it accounted for 53% of total global sales.

US-China trade spat wipes $57B from top mining stocks in fortnight

Copper, iron ore prices drop, mining majors punished as US threatens more tariffs on "predatory" Chinese imports and Beijing calls it "blackmail".

Rapaport says De Beers destroying transparency in the diamond industry

The Rapaport Group says the world's largest diamond miner does not allow clients to disclose the source of their gemstones, except with De Beers' prior written consent.

CAR struggling to resume diamond exports, tax revenue lags

The Central African Republic (CAR) was banned from exporting diamonds in 2013 after rebels seized power.

Lucapa gets another $2 million from Lulo diamonds sale

Lucapa has a 35-year license for Lulo, which early last year bore a 404.2-carat white diamond, considered the largest diamond ever recovered in Angola and the biggest diamond ever found by an Australian company.

S.African lobby group opposes parts of new draft mining charter

The Minerals Council South Africa said it does not support some elements in the latest draft of an industry charter.

Almost half of deadly mine accidents in South Africa happened at Sibanye-Stillwater sites: Minister

Gwede Mantashe said that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater’s mining sites.

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

RANKED: Commodities that are added to mining company names

No surprise who the winner is.

Brazil's new mining code rules rolled out

The new rules are a clear effort to improve the current legislation as seamlessly as possible, but in close attention to the international industry dynamics and to a number of other sensitive issues (such as environmental recovery and security).

Petra Diamonds secures $170 million to help lower debt

Shareholders approved the discounted rights issue at a special meeting in London held Wednesday.

Brazilian President changes decades-old mining laws to lure investment, protect environment

The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.

Botswana Diamonds to buy BCL's stake in exploration project

BCL mine group, which has been under liquidation since 2016, is selling its 51 percent stake in Maibwe Diamonds for an undisclosed amount.

Brazil’s President to change mining regulations as early as next week

Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.

ALROSA enters the Top-5 of sustainability rating «Polar Index»

"Polar Index" became the first specialized rating of companies whose geography of activities affects the Arctic zone of Russia. The results of the first rating were presented in the Public Chamber of the Russian Federation on World Environment Day held on June 5.

Botswana Diamonds grabs rights for ‘high potential’ S. African prospect

Area is close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa’s annual diamond production.

Angola eases controls over diamond sector, to double output in four years

President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue.

Diamonds Q&A with Ken Armstrong, CEO of North Arrow Minerals

James Kwantes, editor of Resource Opportunities, speaks with Ken Armstrong, the CEO of one of the more active diamond companies globally. 

ATAC Resources and Barrick Gold commence drilling on the Rackla Gold Property, Yukon

ATAC’s technical team is operating two diamond drill rigs on the Conrad Zone at the wholly-owned Osiris Project.

Metal prices, financing, exploration and assays are all up

No longer under water.

Online auction sees Botswana gem mine sold for $8.1m

The mine has probable reserves of 5 million tons at a grade of 31 carats per 100 tons and inferred resources of 10.3 million tons at 31 carats per 100 tons.