Shore finds potential partner in Rio Tinto
As recently as 2012, mining giant Rio Tinto (NYSE: RIO; LSE: RIO) had been publicly considering exiting the diamond space. But the company, which operates and owns 60% of the…
Diamonds
Stornoway looks to spectral sorting at Renard
It didn’t take long for Stornoway Diamond (TSX: SWY) to realize that it had a problem with diamond breakage at its newly built Renard mine, 360 km north of Chibougamau,…
Kennady delivers Faraday resource
A maiden resource for Kennady Diamond’s (TSXV: KDI) Faraday kimberlites has added 5 million carats to the diamond resource at the company’s Kennady North project in the Northwest Territories. The…
Lucara sells Lesedi La Rona diamond for US$53M
Lucara Diamond (TSX: LUC) has sold the 1,109-carat Lesedi La Rona stone recovered from its Karowe mine for US$53 million, or US$47,777 per carat. The sale, made to British jeweller…
Stornoway’s Matt Manson speaks on the struggle to build Renard at PMF
The following is a transcript of the remarks made by Stornoway Diamond president and CEO Matt Manson at the Progressive Mine Forum in Toronto on Oct. 23, where he was…
Seven questions investors should ask about geophysical anomalies
VANCOUVER — Geophysical surveys are frequently used by the mining and exploration industry to detect potential mineral deposits hidden beneath the subsurface. However, the results of geophysical surveys can be…
Washington Companies bids US$1.2B for Dominion Diamond
A privately held group with no experience in diamond mining owned by American industrialist and entrepreneur Dennis R. Washington — who got his start building roads in Alaska — is…
Top 10 Canadian-based diamond companies
Canada is the fifth-largest diamond producer in the world, according to the Mining Association of Canada. Last year two new diamond mines came into production: Gahcho Kué in the Northwest…
Africa Snapshot: Five juniors seeking gold, diamonds and REEs
While mid-tier gold and copper miners and developers in Africa have caught much of the attention of investors, there remains a vital contingent of small juniors that are active at…
Q&A: BMO’s Ed Sterck talks demonetization and diamond equities
In late 2016 and early 2017 the diamond market felt the effects of India’s demonetization, which saw 500-rupee and 1,000-rupee bills suddenly removed from the market last November. The move…
Kennady eager to build on proven potential
KELVIN CAMP, NORTHWEST TERRITORIES — Kennady Diamonds (TSXV: KDI) has already tripled early targets at Kennady North, Canada’s most advanced diamond exploration project — and there’s an eagerness to get…
Exploring for more: Diamonds in Canada’s annual junior roundup
Alto Ventures (TSXV: ATV) In February, Alto Ventures began a reverse-circulation drilling program to test several kimberlite targets at the GEFA project, in east-central Saskatchewan. The targets were identified in…