November 6, 2020

MINING.COM MINUTE: Biggest stories of the week

China to expand ban on Australian imports to copper; Rio Tinto closes Argyle diamond mine after 37 years; Tanzania finalizing permit for its first rare earth mine

November 6, 2020

De Beers to close Damtshaa mine in Botswana

The miner produced 12.3 million carats in the first nine months of 2020, down 29% from the same period in 2019.

November 5, 2020

Mountain Province sees ‘positive momentum’ in battered diamond market

Since resuming regular diamond tenders in September, Mountain Province Diamonds has seen prices for its goods start to rise.

November 5, 2020

Russia’s top gold buyer bets on precious metals as virus rages

VTB Capital became Russia’s biggest bullion buyer after the country’s central bank stopped purchasing the metal earlier this year.

November 4, 2020

Lucara strikes new cut and polish deal with Louis Vuitton

The luxury house will turn Lucara’s 549-carat Sethunya diamond into fine jewellery.

November 4, 2020

Angola to launch diamond exchange in Luanda in 2021

The government has identified key steps it needs to take before opening the planned diamond exchange by the end of next year.

November 3, 2020

Rio Tinto closes Argyle diamond mine after 37 years

The mine was the world's largest by volume and the main global source of high-quality pink diamonds.

October 28, 2020

Gem Diamonds back in the black on higher prices

Gem Diamonds reduced its net debt by $6.6 million in the July-September quarter, ending the period with $1.1 million in cash.

October 27, 2020

Stronger diamond prices lift Petra Diamonds’ Q1 revenue

Production fell 10% year on year to 974,346 carats due to the ongoing closure of the Williamson mine in Tanzania.

October 26, 2020

Alrosa to combine all cutting, polishing facilities into single entity

The top diamond miner by output wants better rough diamond allocation and streamlined production processes.