DIAMONDS Mining News

West Africa — an emerging gold exploration investment hotspot

Data shows West Africa has the biggest growth rate in the yellow metal’s resources in the world.

Rio Tinto to remain strong despite difficulties—report

A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.

Petra slumps as it digs up too many cheap South African diamonds

Petra has been seeking to turn around its fortunes after piling up debt to expand its flagship Cullinan mine in South Africa.

Angola to hold first diamond auction

Angola has vowed to increase diamond production and per carat value, aiming to become a top 3 producer by 2021.

Star Diamond begins work on Star-Orion bulk sample

The sonic drilling will provide a detailed look at the overburden stratigraphy, and the core drilling will examine the geology of the kimberlite itself.

Regional states back Congo opposition leader's vote dispute

"It’s obviously really important for Tshisekedi to have SADC’s approval and endorsement for his presidency”

Congo's Gecamines to boost stake in Boss Mining JV to 49%

The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country.

Zimbabwe sees no radical change for platinum, diamond ownership

Minister of Mines and Mining Development, Winston Chitando told Reuters there would be "no change" for diamonds and platinum when asked about industry speculation the indigenisation rules could be relaxed further.

Anglo will dig more platinum and diamonds than expected

While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.

Rio Tinto unearths 177 carat diamond in the rough at Diavik mine

Rio Tinto and JV partner Dominion Diamond Mines have revealed three of the finest large rough diamonds from their Canadian diamond mine.

How to build a mine

There are three key components to building a mine, starting with a competent, experienced management team.

Making the grade: understanding exploration results

The most exciting news from a mining exploration stock is a high-grade drilling result.

Designer wants to move diamonds off your finger and onto your nose

"Add a little punkiness to it."

Lukas Lundin “very encouraged” by North Arrow bulk sample

A tight community of stock brokers, promoters and Canadian diamond investors saw some excitement today as North Arrow Minerals (NAR.V), a diamond explorer with active projects in Nunavut, Saskatchewan and elsewhere in Canada, halted its stock pending news.

The top diamond mines in the world

The ten largest diamond mines in the world by measurable reserves contain more than one billion carats of recoverable diamonds.

Are you ready for the January effect?

As far back as 1942, economists have noted that small-cap companies in particular tend to surge at the beginning of the year in a cycle known as the January Effect.

Zimbabwe miners to shut down after diamond resource exhausted

Two of the seven miners at Marange, Anjin and Jinan, will be shutting down.

Australian mining company sues Botswana

Mount Burgess sues after Botswana denies license renewal.

Diamond financing key theme at Dubai Diamond Conference

Diamond financing will take centre stage at the Dubai Diamond Conference 2013 (DDC 2013), the Dubai Multi Commodities Centre (DMCC) confirmed today.

BHP Billiton promotes Andrew Mackenzie to CEO

Australian miner plans transition to start in May as Marius Kloppers retires.

Russian diamonds exempt from WTO regulations under Kimberly Process

The Kimberley Process, ensuring good origins of diamonds, imposes restrictions prohibited by the WTO, but the latter agreed in 2003 to grant exemptions to the process' members.

Scio Diamond to raise shipments on record output

Artificial diamond-maker Scio Diamond Technology (OTC_BB:SCIO) has announced plans to dramatically raise shipments on the back of record production levels.

Australia pushes for expansion into African mining

Australia's political and business leaders signaled their emphatic support for the country's increased involvement in the African mining sector at a conference in Perth on Thursday.

Funeral company brings fresh meaning to the phrase 'diamonds are forever'

A US company is providing a novel new service to the recently bereaved by converting the remains of deceased loved ones into one of the world's most imperishable substances - genuine diamonds.

Zimbabwe strike cripples diamond operations of military-backed Chinese firm

A strike by over a thousand employees of Anjin Investments has crippled the Chinese company's Zimbabwe-based diamond mine.