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…

August 19, 2012

Alrosa’s move may ‘rescue’ Indian diamond sector

Alrosa announced this week that it sold rough diamonds to the Russian state gem repository Gokhran for the first time in three years.

August 18, 2012

Angola’s diamond company partners up with six companies to explore concessions

Angola's state-run diamond company Endiama has partnered with six other firms in order to explore a mining concession in the regions of Lunda Norte and Sul.

August 17, 2012

Anglo American completes acquisition of De Beers

Anglo American (LON:AAL) has completed its acquisition of a 40% stake in the De Beers Group from the Oppenheimer family, which has had a major ownership stake in the diamond…

August 16, 2012

Rockfall at Diavik mine stops open pit work for a week

Five thousand tonnes of rock fell from the edge of the open pit at Diavik Diamond Mine last week but employees got out 10 hours before the rockslide started.

August 16, 2012

Weak markets force Alrosa to dump stock in state repository for the first time since 2009

Alrosa said the sales were a measure aimed at maintaining acceptable price levels as the company's clients signaled that they were experiencing financial trouble in 2H 2011.