Plane crash kills 6 on way to Rio Tinto diamond mine in northern Canada
A jet crash in the Northwest Territories killed four passengers and two crew members on its way to Rio Tinto‘s (NYSE: RIO; LSE: RIO; ASX: RIO) Diavik diamond mine, officials…
Diamond
Gahcho Kué diamond sales fall on weaker demand
Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) says lower prices and demand from India and China depressed sales by 15% last year from the Gahcho Kué mine in the Northwest…
Gem Diamonds and Lucara find first big stones of 2024
Africa-focused miners Gem Diamonds (LSE: GEMD) and Lucara Diamond (TSX: LUC) have recovered big, high-quality Type IIa diamonds at their respective operations. Gem Diamonds said on Thursday it had unearthed…
De Beers to spend US$1B on Botswana mine expansion
De Beers, the world’s largest diamond producer by value, said on Wednesday it’s going ahead with a planned US$1 billion investment to extend the life of its flagship Jwaneng mine…
EU adds Alrosa and CEO to sanctions list
The European Union has added top diamond producer Alrosa as well as its CEO, Pavel Alekseevich Marinychev, to its sanctions list. The EU’s foreign policy chief Josep Borrell announced the ban…
Mystery buyer in deal with Petra Diamonds for idled Koffiefontein mine
South Africa’s Petra Diamonds (LSE:PDL) has signed a non-binding deal to sell its loss-making Koffiefontein diamond mine in its home country to an unnamed party. Terms of the potential sale…
Anglo American’s falling shares fuel takeover rumours
Speculation about Anglo American (LSE: AAL) becoming the target of a takeover by a rival or a private equity firm keeps mounting, as shares in the diversified miner continue to…
Price decline woes likely over, says Petra Diamonds
Petra Diamonds (LSE: PDL) said on Friday a decline in diamond prices experienced this year has likely bottomed as the company is already seeing improved market conditions. The South African…
Rio Tinto raises Yukon copper project stake, cuts diamond plan interest
Rio Tinto (LSE: RIO; ASX: RIO) is reshuffling its interests in two Canadian projects as it seeks to focus on green energy metals such as copper. Rio Tinto is spending…
Lucapa Diamond puts Merlin feasibility study on back burner
Australia’s Lucapa Diamond (ASX: LOM) has put a feasibility study for its Merlin project in Australia’s Northern Territory on hold due to what it called “unfavourable capital market and diamond price…
Lucapa finds Angola mine’s second-largest diamond
Australia’s Lucapa Diamond (ASX: LOM) has unearthed a 235-carat type IIa diamond from its prolific Lulo mine, the second-largest recovered at the Angola operation since it opened in 2015. The find comes barely a…
Lucapa finds Lulo mine’s third-largest diamond
The diamond is also the second 100-carat-plus stone Lucapa retrieved in October, following the recovery of a 123-carat, type IIa rough at the start of the month. The mine, which…