August 28, 2012

Rio Tinto unveils its first Indian diamonds

Mining giant Rio Tinto (LSE:/NYSE:/ASX:RIO) has unveiled its inaugural set of jewelry made using diamonds from its Bunder mine project in India's Madhya Pradesh.

August 27, 2012

Nobody knows where the $334 million Zimbabwe sold in diamonds last year ended up

The boom in Zimbabwe ‘s diamond industry has not translated into improved living standards for ordinary citizens, as proceeds from gems’ sales benefit a few politically connected individuals and finance…

August 27, 2012

Methane blamed for Alrosa diamond mine blast

Methane gas is thought to have been responsible for an explosion that killed two workers digging a mine in Yakutia last week.

August 24, 2012

Conflict Minerals: How the SEC requirements will affect mining companies

The SEC won’t require mining companies to disclose whether they mined tin and gold in African conflict countries, in a long-awaited ruling released this week. However, manufacturers will have to…

August 24, 2012

Analyst downgrades Harry Winston on lower production forecasts at diamond mine

A revised life-of-mine plan at Harry Winston Diamond Corp’s Northern Diavik diamond mine has taken some of the shine off the company’s stock.

August 23, 2012

Canada shrinks National Park plans to leave room for mining

Canada’s federal government opened a can of worms Wednesday after announcing that a national park, to be created in the North of the country, will be smaller to make room…

August 22, 2012

Meet the Israeli middleman said to have ‘stripped and flipped’ First Quantum’s DRC mine

Gertler, 38, used his relationship with DRC president  Joseph Kabila and Kabila's now late adviser Augustin Katumba Mwanke to bag mining projects "by stripping from others if necessary, only to sell…

August 21, 2012

Two massive diamonds in Angola dazzle investors and brighten up local industry

The Australian diamond company Lonrho Mining dazzled investors Tuesday as the company confirmed the finding of two huge diamonds from the Lulo project, in northeastern Angola.

August 20, 2012

Ghana’s diamond output falls 33% losing $2.7m revenue in 2012 half-year

Production of diamond in Ghana fell by a significant 33% during the first-half year of 2012, according to a report by the Ghana Chamber of Mines released August 17, 2012.

August 20, 2012

Harry Winston sets Diavik mine’s value at $2.6 billion

Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to…