De Beers latest sale shows stronger US and Chinese demand
De Beers, the world’s top diamond producer by value, saw improved sales in its latest auction, despite moving into the summer, which are generally considered a weaker period for roughs…
Diamond
PDAC 2022: Promising diamond, gold exploration might fill economic void after diamond mines close, says NWT industry minister
The planned closure of three producing diamond mines in the Northwest Territories in the next few years will open a gap in the territorial economy, but the N.W.T.’s industry minister…
Mountain Province discovers kimberlite in three target areas at Kennady North
Mountain Province Diamonds (TSX: MPVD; OTC: MPVD) has released interim exploration results for its 100%-held Kennady North project in the Northwest Territories, consisting of over 1,070 sq. km of claims…
Mining Indaba: Global fractures over Russia-Ukraine war trigger big policy, market shifts – Veracity Worldwide
Russia’s war on Ukraine is dividing the global order along fault lines, and Africa risks being caught in the middle, the Investing in Africa Mining Indaba heard this week. Veracity…
Q&A: SRK Consulting unpacks critical opportunities and challenges facing the African mining sector
SRK Consulting has built deep experience working in the African mining sector and has developed a firm grasp of where potential opportunities are and some of the critical challenges preventing…
Copper Mountain, Gahcho Kué receive MAC’s 2022 TSM Excellence Awards
The Mining Association of Canada’s (MAC) Community of Interest Advisory Panel has selected the Gahcho Kué mine, owned as a joint venture between De Beers Group and Mountain Province Diamonds (TSX: MPVD;…
Will the Far North be left out of the critical minerals rush?
When Rio Tinto’s Diavik diamond mine closes in 2025, it’s going to put a major dent in the finances of the Northwest Territories. The mine, now 100% owned by Rio…
Petra Diamonds mulls sale of loss-making Koffiefontein mine
South Africa’s Petra Diamonds (LSE: PDL) is exploring options to offload its loss-making Koffiefontein diamond mine in the home country, which is scheduled to reach the end of its life…
De Beers returns to Angola in search of diamonds
De Beers, the world’s largest diamond miner by market capitalization, has inked two mineral investment deals with the Angolan government granting the company exploration rights for 35 years in the…
Western Australia is world’s new top mining destination
Resource-rich Western Australia has been picked the most attractive region for mining investment in 2021, replacing the U.S. state of Nevada, which fell to the third place in the latest…
World’s top diamond miner Alrosa hit by US sanctions
Alrosa (MCX: ALRS), the world’s top diamond producer by output, has been hit by fresh sanctions imposed by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). The OFAC…
Mountain Province rises to 12-month high on diamond market recovery
The Toronto-quoted equity of Mountain Province Diamonds (TSX: MPVD) has achieved a new 12-month high on March 29 after the company overnight reported record free cash flow in 2021 and…