EKATI Mining News

De Beers becomes sole owner of jewellery brand, buys out retail partner LVMH

It has acquired the 50% interest French luxury goods group LVMH had in De Beers Diamond Jewellers for an undisclosed amount.

Dominion Diamond stock goes gangbuster on $1.1bn takeover bid

Montana-based Washington Co is offering 36% above the closing price of the Canadian miner’s shares on Friday.

World’s largest new diamond mine begins commercial production

Gahcho Kué, owned by De Beers Canada and Mountain Province Diamonds, is expected to produce around 54 million carats of rough gems over its 12-year lifetime.

Mountain Province just found this massive diamond at Gahcho Kué

The 67.87-carat gem quality octahedron diamond, unearthed during production ramp-up, is the largest of its kind recovered to date at the remote mine.

Dominion Diamond, Ekati miners reach provisional four-year deal

More than 500 unionized workers are expected to ratify the agreement in an upcoming vote scheduled for March.

Dominion Diamond CEO to step down due to family reasons

Brendan Bell, who has also resigned to Dominion's board, has agreed to stay on as CEO until June 30 to ensure a smooth transition.

Global rough diamond production about to reach its peak

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.

De Beers facing legal action over mercury monitoring at Victor mine

Suit claims company failed to report mercury levels at five of nine water monitoring stations near Victor mine.

Canada's Diavik mine axes 51 jobs

Company says it was forced to lay off employees from across the business given "current market conditions."

Less than shiny: De Beers recent sale the lowest this year

The world’s top diamond producer by value said results were in line with expected seasonal demand patterns.

Dominion moves headquarters to Calgary in cost-cutting effort

The move comes on the heels of a similar decision by De Beers Canada, which moved its headquarters from Toronto to Calgary in July.

De Beers latest diamonds sale the lowest this year

Still, the world’s biggest diamond producer by value said the auction was better than it had expected.

One of world’s largest, newest diamond mines is now open

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.

Millennials gave a $25 billion shot in the arm to the diamond industry last year

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.

World’s largest, newest diamond mine to inject $5.2bn into Canada’s economy

Gahcho Kué, co-owned by De Beers Canada and Mountain Province Diamonds, is also expected to provide 1,200 new jobs.

Peregrine Diamonds to focus on $95 million all-weather road before moving ahead with Nunavut mine

The Chidliak mine, in Canada’s Nunavut, is expected to produce around 12 million carats during its 10-year lifespan.

De Beers Canada moves from Toronto to Calgary

The move comes as the company readies to open what it calls the world’s biggest diamond mine currently under construction.

Dominion Diamond to go ahead with Ekati mine expansion

Developing the Jay pipe will help keeping the mine in production until 2033.

Key expansions at iconic Canadian diamond mines hit by setbacks

While Dominion Diamond has pushed construction of Ekati’s new Jay pipe to 2018, Rio has said that a denial of a request to change its water licence could have an adverse impact on Diavik.

Dominion Diamond secures environmental approval for Ekati mine expansion

Project could help keep Ekati producing diamonds until 2033, or 13 years later than the expected end of its mine life.

Production at giant Arctic diamond mine just weeks away

Gahcho Kué, the world's largest new diamond mine under development, is now 94% complete with first production planned for the second half of this year.

Dominion Diamond swings to loss, names new chairman

The miner lost $11.6 million in the fiscal 2016, compared to a profit of $170.3 million in 2015.

Dominion Diamond upbeat on 'positive' pre-feasibility study for new Sable mine

The Sable kimberlite pipe, for which permitting is already in place, could see mining beginning in 2019.

Dominion Diamond can go ahead with Ekati mine expansion — watchdog

The board's recommendation still needs to be approved by Canada’s Northwest Territories authorities.

Dominion Diamond chairman steps down, replaced by De Beers veteran

Robert Gannicott's replacement as chairman will be Jim Gowans, a former DeBeers Canada CEO and most recently the co-president of Barrick Gold,.