May 11, 2011

Sotheby’s Q1 sales rise 23%

Sotheby’s reported a net income of $2.4 million in the first quarter ended March 31. Traditionally the auction house posts a loss […]

May 11, 2011

Helped by strong growth abroad, Blue Nile Q1 sales at record $80m

Blue Nile’s first quarter net sales increased 8.3% to $80.2 million, a record first quarter sales level. Net income totaled $2.4 million, inching up from last year.

May 11, 2011

BHP Billiton appoints new president of diamonds unit, announces Ekati expansion

BHP Billiton is moving forward with the Misery open pit project at its Ekati diamond mine in Canada, expecting to start producing […]

May 10, 2011

Mountain Province Diamonds announces results of independent valuation of Gahcho Kué diamonds

Mountain Province Diamonds Inc. (TSX: MPV, NY-AMEX: MDM) today announced the results of an updated independent valuation of the diamonds recovered from the Gahcho Kué Project. The valuation was conducted…

May 10, 2011

The Contango Report: silver contango balloons, sugar backwardation disappears

Has oil moved into backwardation yet? What does corn’s roll yield look like? How do you know when it’s time to buy—or […]

May 10, 2011

Globe and Mail: BHP to mine Ekati diamonds a year longer

Canada's Globe and Mail newspaper reports that BHP Billiton, 80%-owner of the Ekati mine in the Northwest Territories, will make a $400 million investment to expand the mine. The Australian…

May 8, 2011

De Beers to sell Namaqualand to Trans Hex for $33.5M

De Beers announced that it will sell the Namaqualand diamond mine in South Africa to Trans Hex for 225 million Rand ($33.5 million). The sale joins a number of low…

May 6, 2011

De Beers announces sale of NM Mines

De Beers Consolidated Mines ("DBCM") today announced that it has entered into an agreement to sell Namaqualand Mines to Trans Hex in a transaction valued at R225 million. The agreement…

May 6, 2011

Mountain Province Diamonds announces results of independent valuation of Gahcho Kué Diamonds

Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NY-AMEX: MDM) today announced the results of an updated independent valuation of the diamonds recovered from the Gahcho Kué Project.…

May 5, 2011

Vaaldiam Investment Flemish Gold Corp. raises $10 million for gold exploration in Africa

Vaaldiam Mining Inc. (TSX:VAA) is pleased to report that Flemish Gold Corp. has closed a private placement of $10 million through BMO Capital Markets on May 3, 2011. Vaaldiam owns…