September 19, 2012

Greenland – The next mining destination

Greenland could become the next global mining frontier, as global warming uncovers precious metals from glacial surroundings, states new research by natural resources experts GlobalData, a UK-based global business intelligence…

September 18, 2012

Russia says it’s flush with ‘trillions of carats’ in extraterrestrial gems

Russia claims it has uncovered a diamond field of record dimensions in eastern Siberia which is the product of a prehistoric asteroid collision.

September 17, 2012

Lucara Diamond Corp.: Mothae diamond sale results and project update

Lucara Diamond Corp. (TSX:LUC) reports the completion of the Mothae Diamond sale

September 15, 2012

Couple forge their own wedding rings

Raw material mark up can range between 300% to 1,000%

September 14, 2012

ALROSA sees FY 2012 sales at $4.5 billion

With due consideration of the requisite sales dip in March-August aimed at preserving the price stability on the market, ALROSA forecasts consolidated sales by ALROSA Group to reach USD 4.5…

September 14, 2012

Liberia tells the UN it lacks funds to fight blood diamonds

Liberia's questioned commitment to the diamond industry’s efforts to prevent blood gems trade has driven the US Agency for International Development (USAID) to threaten with cutting the program, but authorities…

September 14, 2012

Alrosa sells 51% in Timir iron ore project to Evraz

Russia’s state-owned diamond company Alrosa said its board approved the sale of 51% of its Timir iron-ore unit in Siberia to Evraz Plc (EVR), the steelmaker part-owned by mining billionaire…

September 13, 2012

Botswana diamonds: Additional diamonds discovered in Libongo, Cameroon

Botswana Diamonds said two additional diamonds have been recovered from the ongoing sampling program on the Libongo palaeoplacer project in Cameroon.

September 13, 2012

Quebec’s first diamond mine may see delays

Canadian Stornoway’s Renard diamond project might not be ready by 2015 due to delays in the construction of the Route 167 extension from Chibougamau to the Otish Mountains.

September 13, 2012

Mining outlook for Canada’s North less promising than projected

Sinking global commodity prices have negatively impacted Canada’s North near-future mining outlook, but longer-term prospects for the industry in the three territories remain strong.