June 10, 2020

Alrosa’s May sales drop 85%

Sales of rough and polished diamonds stood at $40 million in May, a 85% drop from $266 million a year ago.

June 8, 2020

The diamond glut: Miners stuck with gems worth billions

The five biggest producers are probably sitting on excess inventories worth about $3.5-billion.

June 5, 2020

Alrosa sees covid impact lingering after Q1 slide

Russian diamond producer reported an 87% slide in first-quarter net profit.

June 4, 2020

MINING.COM MINUTE: Biggest stories of the week

Fallout from Australian aboriginal cave blast widens, Novagold under short seller attack, and more...

May 31, 2020

Congo suspends board and management of state diamond miner MIBA

An audit revealed significant irregularities.

May 27, 2020

South African mines record 320 covid-19 cases

President Cyril Ramaphosa on Sunday announced a further easing of the lockdown from June 1.

May 26, 2020

Pandemic to cut S.Africa’s mining output by 8-10%

Harmony Gold CEO Peter Steenkamp said it would take a month for its mines to fully ramp up.

May 25, 2020

Russian central bank seeks to reverse diamond deal

Bank said it was seeking to reverse a $1.45 billion deal between Lukoil and Otkritie Holding.

May 22, 2020

Alrosa cuts 2020 production over falling demand

Company is cutting its output to 28-31 m carats, compared to initial guidance of 34 m carats.

May 22, 2020

Dominion Diamond unveils plan to avoid bankruptcy

It involves selling its assets for about $177 million, which could pave the way to restart its idled Ekati mine.