Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?
Diamond Mining News
New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."
Proceeds from the placing will fund ongoing diamond exploration in South Africa and Botswana, and will also provide the company with additional working capital, the company said.
Diamond traceability back to the mine of origin – vital to the international due diligence movement for precious gems and minerals – just took a giant step forward. SCS Global Services, an internationally recognized certification body and standards developer, is pleased to announce that its diamond provenance certification program now incorporates advanced laser testing that can identify the source of any rough, cut, or polished diamond, anywhere in the chain of custody.
As part of Gemfields' philosophy of “total transparency”, the company revealed is facing claims of human rights abuses in Mozambique, where it mines rubies.
The largest diamond recovered in the first test run was 6.6 carats.
Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.
Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.
Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.
The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.
Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.
Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.
The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo.
Diamond market sentiment improved in January, with firm prices after retailers reported a better-than-expected holiday season.
Anglo raised the possibility it could start buying assets in SA, the latest sign of how much has changed in two years, when the miner was focused on selling.
With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about $87 million a day.
The sale of 4,170 carats of Lulo diamonds achieved gross proceeds of US$9.14 million (A$11.43 million), representing an average price per carat of US$2,192.
Rio Tinto and The Perth Mint are delighted to unveil the first pavé set Argyle pink diamond gold coin.
Mining and metal companies are rediscovering the downside of rallying prices: higher costs.
The company, which last month found the world’s fifth-biggest diamond in history at its flagship Letšeng mine in Lesotho, sold 21% more rocks in last quarter of 2017.
The 119 diamonds recovered from the Little Spring Creek lamproite drill core samples included seven macro diamonds and 112 micro-diamonds.
In January 2018, ALROSA recovered two gem-quality stones weighing 97.92 carats and 85.62 carats.
ALROSA and GfK research company conducted an extensive research of diamond consumers in the US and China. What they discovered was interesting.
Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.
The Cullinan Mine is owned 74% by Petra Diamonds Limited and is renowned as the source of very rare blue diamonds and large, high quality gem diamonds.