" Despite the uncertainty around global metal prices, Quebec Premier Philippe Couillard has thrown his support behind a project that has the potential to be transformational for the north of his province."
Diamond Mining News
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
The company said its proposed Tongo-Tonguma mine economic evaluation demonstrates robust financial returns for a modest capital requirement.
Still, the world’s biggest diamond producer by value said the auction was better than it had expected.
KP Chair Ahmed Bin Sulayem opened the second rough diamond valuation forum with a call for a unified approach
Rio Tinto’s 2016 Argyle Pink Diamonds Tender collection has provided the inspiration for a US$20 million showcase of iconic pink and blue diamond jewellery pieces and limited edition collections of exquisite jewellery in New York.
Cash optimization, capital access and productivity top EY’s 2016-17 business risks.
Despite continued investment in copper assets on the continent from China and India hunting for coal mines.
A credit upgrade, a rocketing share price and rally in coal and iron ore call into question downsizing strategy of world's number five miner.
Large-carat diamonds just keep coming.
The explore-develop-produce model cannot be eliminated, but there are plenty of models that work within it or alongside it. Two are worth mentioning.
Rough-diamond prices fell 18% in 2015 and some miners, such as Alrosa, believe synthetic gems were partly responsible for it.
Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), is expected to inject $5.2bn into Canada’s economy.
As part of his Africa Initiative, ahead of D.R. Congo general elections, the UAE KP Chair, Ahmed Bin Sulayem, meets Government Ministers to discuss Kimberley Process.
The Russian miner, the world's top diamond producer by output, said it has become imperative for the industry to find effective ways to defend the market from illegal substitutions by synthetic gems.
The miner is confident in the long term outlook for the diamond industry and it expects is to be cash flow positive in the second half of the current financial year.
With supply gluts persisting from corn to oil, traders are already gearing up for declines.
De Beers, the world's biggest diamond producer, warns that many of the challenges affecting the industry last year are likely to continue over the next decade.
The 2016 Tender, named the “Chroma Collection” because of its potency of colour, comprises 57 pink diamonds, two violet diamonds and four red diamonds and weighs a total of 58.24 carats.
Value of South Africa's mining industry forecast to contract 11.4% in 2016, followed by years of close to zero growth according to new report.
Two companies have partnered to use near field communication (NFC) — best known for enabling mobile payments— for tacking a diamond's history.
Tango Mining couldn't raise $8 million to acquire Firestone's past producing diamond mine in time.
The world's most expensive rough diamond is now in the hands of De Grisogono, a Swiss luxury jeweller and watch maker.
Twelve miles off Namibia’s arid southern coastline, 150 metres below rolling ocean waves, diamond miners are hard at work securing a future for the practice of romancing by stone.