Diamond Mining News

Peregrine completes Can$8.4 million private placement

Peregrine Diamonds completed a non-brokered private placement of 3,000,000 common shares at a price of $2.80 per share for proceeds of $8.4 million. Proceeds will be used for mineral exploration projects in Canada.

Rio's Zimbabwe diamond unit output up 43% in 2010

Rio Tinto's Zimbabwe diamond unit  is showing a 43 percent increase in output, Reuters Africa is reporting: Diamond output from global miner Rio Tinto's Zimbabwe subsidiary rose by 43 percent in 2010, and the firm […]

Ekati diamond fetches record price

CBC News is reporting that a huge diamond from the Ekati mine in northern Canada was auctioned off in Belgium for $6 million: The 78-carat diamond from BHP Billiton's Ekati mine in the Northwest Territories […]

Shear Diamonds signs agreement with Nunavut Resources Corp.

Edmonton-based Shear Diamonds Ltd. has signed a mutual cooperation agreement with Nunavut Resources Corp. for development of the Jericho Diamond Mine in Nunavut, northern Canada. Shear Diamonds, formerly Shear Minerals,  acquired Jericho — Nunavut's first […]

De Beers could spend US$1.4 billion to go underground at Venetia

Diamond mining giant De Beers may spend up to US$1.4 billion to extend the life of South Africa's biggest diamond mine, Bloomberg Businessweek is reporting. The article says the company has approved a feasibility study […]

BRC forms JV with Rio Tinto to explore for diamonds in DRC

Mining Weekly reports: TSX- and JSE-listed BRC DiamondCore has formed a joint venture (JV) with diversified mining group Rio Tinto to resume diamond exploration in the Democratic Republic of Congo (DRC).

Stellar Diamonds: encouraging initial diamond results from Droujba Kimberlite pipe in Guinea

Stellar Diamonds plc, the London listed (AIM:STEL) diamond mining and exploration company focused on West Africa, is pleased to report encouraging initial diamond recoveries from drill core samples of the Company's 100% owned Droujba kimberlite pipe in

Diamond Deficit To Fuel Global Market Within Three Years

The whole issue of blood diamonds refuses to go away, even though Zimbabwe’s deputy mines minister, gift Chimanikire, rather wishes it would. He told Diamond Investing News this week that the country will hold two auctions, after getting written permission from the Kimberley Process, the international body set up to monitor the distribution of conflict diamonds.

Rockwell Diamonds provides an update on flooding in the Northern Cape and North West Provinces

Rockwell Diamonds Inc. provides an operational update following heavy rainfall and subsequent flooding in the Northern Cape and North West

De Beers set to restart Gahcho Kue diamond mine project

A new diamond mine in Canada’s North is again in front of regulators after a recovery in international markets for the sparkly objects of desire, according to a CTV News report.

Petra buys South Africa's second largest diamond mine from De Beers

Petra Diamonds is to buy De Beers' major Finsch Diamond Mine as a going concern for a consideration of R1.425 billion (approximately US$ 210 million) in cash.

Rockwell to restart Ventersdorp diamond operation

Loss-making alluvial diamond junior Rockwell will recommission its impressive rebuilt Tirisano diamond plant near Ventersdorp in March, which will boost crucial volumes and help to smooth out the company’s currently variable cash flow cycle. Mining […]

From Gem Diamonds to Petra Diamonds: Why are Diamond Miners so unloved by investors?

News that Sotheby’s, Geneva, this week set a world auction record for any diamond and any jewel raises questions over why diamond miners seem so unloved by investors. The answer, in a nutshell, is that they’re yet to fully recover from the cataclysmic market events of 2008. The signs are there, but it seems that investors need more convincing.

De Beers set to restart Gahcho Kue diamond mine project

A new diamond mine in Canada’s North is again in front of regulators after a recovery in international markets for the sparkly objects of desire,  according to a CTV News report.

Nunavut diamond mine gets new management team

Vancouver Sun reports: Shear Diamonds Ltd. (TSXV: SRM), which owns the mothballed Jericho diamond mine, is beefing up its senior management team as it prepares to reopen Nunavut’s only diamond mine in 2012.

Illegal diamond trafficking in Antwerp

Antwerp judicial authorities have uncovered a fraud involving forged diamond certificates. Diamonds worth 22 million euros were transported to Antwerp illegally using forged Kimberley certificates.

On Diamonds, Mining and Incident Management

The diamond sparkled in the soft light of a restaurant candle, its allure accentuated by the heady aroma of deep red wine. Yet it looked incongruous in her nose: more a symbol of defiance than of […]

Gold Settles $4.30 Lower… ($1222.60)

Today’s Globex Gold market traded in a very technical $13.90 range as the market continued to have a Holiday week feel. I believe the Jobless claims data (tomorrow) may also have some traders side-lined. The […]

AK6 kimberlite diamond development moving ahead

After delays due to the collapse of the diamond market in 2008, and differences of opinion between owners, the new AK6 diamond mine near Orapa in Botswana is now targeting production in late 2011

Precious Metals Continue To Hang Tough…

This week in the precious metals continues to provide evidence that savvy investors are choosing hard assets as an alternative to fiat currencies.  As Greece's debt crisis negotiations continues to   keep the Euro Dollar under […]

New Mine Development on SupplyMine – Star-Orion

The Star, Star West and Orion properties are located in Saskatchewan, Canada some 65 km east of Prince Albert. The Star kimberlite is 100% owned by Shore Gold Inc, which also owns 60% of the […]

ZINC miner Perilya has reported further copper mineralisation at depth below its main Mount Oxide copper project near Queensland’s Mt Isa with intercepts the miner called “spectacular”.

Diamond drilling hit 22m at 6.3% copper and 0.3% cobalt from 258m, 19m at 3.7% copper from 315m, 31m at 6.2% copper from 346m and 23m at 8.9% copper from 395m….more at MiningNews.net

RBC Capital Markets forecasts positive diamond fundamentals despite credit crunch

RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, has published a research report that concludes that despite the worsening global economic climate, the fundamentals for diamonds remain positive. Des Kilalea, Analyst, Global Mining Research at RBC Capital Markets commented: “While the world economy lumbers through one of its worst [...]

Diamond-treatment Plant for De Beers’ Marine Vessel

In a R150 million (US$21 million) contract, Bateman Engineering designed the 250 t/h diamond-processing plant installed on board De Beers Marine (Pty) Ltd’s vessel mv Peace in Africa. The objective of the project was to […]