May 29, 2012

Botswana Diamonds awarded new exploration licence

Botswana Diamonds has been awarded an additional 262.6 square kilometre prospecting license for the precious gems in the Africa country for an initial period of three years, after which it…

May 29, 2012

Diamond development: Gahcho Kué partners advance $31.3 million

Joint venture partners Mountain Province Diamonds (49%) of Toronto and De Beers Canada (51%), also based in Toronto, are spending $31.3 million over the next year at their Gahcho Kué…

May 27, 2012

Losing sparkle: Report says Ekati buyer drops bid

It raises questions about demand for such assets, just as peer Rio Tinto starts work on a potential sale of its diamond division.

May 27, 2012

Big miners playing game of chicken as marginal producers sink below break-even

Smaller miners are waiting for production cutbacks by the market leaders to prop up prices the way Saudi-Arabia comes to the rescue of oil producing nations whenever the crude price…

May 27, 2012

Bodies of 10 illegal diamond miners recovered in South Africa

The bodies of 10 illegal miners were pulled from a collapsed tunnel at a disused diamond mine in South Africa's Northern Cape province De Beers announced late on Saturday.

May 26, 2012

Military drones for mines and tailings

I can hardly wait to get my first project involving the use of a drone to monitor the performance of a mine tailings facility. These days some are so big…

May 25, 2012

Lazare Kaplan lauches social initiative to encourage education in Africa

US-based diamond manufacturing and distribution company Lazare Kaplan International Inc. (LKI) has launched a new social initiative, The Lazare Ongoma Initiative (LOI), which aims involve retailers in supporting education in…

May 25, 2012

Rio Tinto confirms strong potential for diamond jewellery demand in China

An increasing demand for diamond jewellery coming from China could help precious stone producers to boost sales in the following months, hinted diversified miner Rio Tinto (LON:RIO) in a release…

May 24, 2012

Rio’s Zimbabwe spin-off to acquire Murowa diamond mine

Zimbabwean miner RioZim Limited is negotiating with global giant Rio Tinto in an attempt to acquire the now jointly own Murowa diamond mine in the in south central region of…

May 24, 2012

Stornoway splashing $28.4 million for Renard engineering

Stornoway Diamond Corp will spend $28.4 million to advance its Renard diamond project in northern Quebec, the Vancouver-based company (TSX:SWY) announced yesterday.