Stornoway lands $944M financing for Renard
Stornoway Diamond (TSX: SWY) announced in April that it had lined up a $944-million financing to build its Renard diamond mine in north-central Quebec. The binding agreement with several different…
Articles by Alisha Hiyate
The state of global rough diamond supply in 2014
Global production of rough diamonds in 2014 is expected to reach roughly 135 million carats valued at US$17.8 billion, an increase of 3% over last year. The world’s 50 largest…
Gahcho Kué takes shape
If you ask Patrick Evans, chief executive of Mountain Province Diamonds (TSX:MPV; NYSE: MDM), what surprised him most about the results of an updated feasibility study released in April for…
Diamonds shining once again
In our last issue, I asked whether there had been a shift in sentiment toward the diamond sector, which survived 2013 in much better shape than the rest of the…
Diamonds look ‘relatively good’
We are now more than two years into a mining industry downturn that has punished miners, developers and explorers of all commodities. But many of the Toronto-listed diamond stocks that…
Renard ready to build
For diamond junior Stornoway Diamond (TSX: SWY), going it alone at its Renard development project in Quebec has come with its challenges. Having to contend with terrible equity markets while…
Pangolin explores Botswana
Botswana is the jurisdiction of choice for Pangolin Diamonds (TSXV: PAN) founder and chairman Leon Daniels. “Botswana is a great country — the geology is very good,” Daniels said in…
De Beers eyes Victor expansion
De Beers Canada is studying an expansion of its Victor diamond mine in northern Ontario. A second open pit at the operation, 6.5 km northwest of the current pit, would…
Mountain Province, Kennady, find ray of sunshine in gloomy market
In a market that has brought juniors and miners of every commodity to their knees, Patrick Evans is president and CEO of not one, but two high-flying diamond juniors. “There…
De Beers walks away from Peregrine’s Chidliak
Peregrine Diamonds (PGD-T) announced in October that diamond giant De Beers has decided not to exercise an option to earn 50.1% of the Chidliak diamond project, in Nunavut. De Beers…
Dominion looks to add life to Ekati
After taking control of the Ekati diamond mine in the Northwest Territories earlier this year, Dominion Diamond (TSX: DDC; NYSE: DDC) is working to extend the life of Canada’s first…
Big stones from Lucara, Diamcor and Rockwell
September was a big month for big stones from Lucara Diamond (TSX: LUC), Diamcor Mining (TSXV: DMI) and Rockwell Diamonds’ (TSX: RDI) respective operations in Africa. In September, Lucara reported…