Rio Tinto now the sole owner of the Diavik diamond mine
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is now the sole owner of the iconic Diavik diamond mine in Canada’s Northwest Territories after buying the 40% share held by Dominion Diamond…
Diamonds
Alrosa says global diamond sector “fully recovered” from pandemic hit
Alrosa, the world’s top diamond miner by output, says the industry has “fully recovered” from the Covid-19 pandemic as a structural production decline paired with growing end-user demand are pushing…
Bluerock shares jump on biggest diamond found at Kareevlei
BlueRock Diamonds (LSE: BRD) jumped more than 16% today after the miner announced it had found a 58.6-carat diamond at its Kareevlei mine, in Kimberley, South Africa. The stone is the largest diamond found…
Sandfire granted licence for copper mine in Botswana
Australia’s Sandfire Resources (ASX: SFR) has been granted a mining licence for its Motheo copper project in Botswana’s Kalahari Copper Belt. The Perth-based miner said the milestone was one of…
Canada’s Top Ten diamond companies
Canada is home to many diamond companies and some of the world’s best diamond mines. Here’s a list of the top ten diamond companies with headquarters in Canada, based on…
Diamonds Snapshot: Eight Canadian companies ready for discovery
After a difficult 2020 that saw a near shutdown of the diamond market for half the year as a result of pandemic-related travel restrictions, diamond prices have bounced back in…
Rough diamond pricing: Learn the lessons of history or history will repeat itself
Suddenly, diamonds are looking interesting again. The cutbacks in diamond production last year, allied to the substantial fall in manufacturing capacity in India (the major diamond cutting centre) as a…
Ekati to produce 4M carats in 2021 under new owners, Arctic Canadian Diamond
After a roller coaster of a year that almost forced an early end to the Ekati diamond mine, the operation’s new owners, Arctic Canadian Diamond Company, are hoping that the…
Global Mining Symposium: Manitoba’s vast under-explored mineral wealth has much to offer, panel says
Manitoba has ranked in the top 20 of the Fraser Institute’s annual list of the most attractive mining jurisdictions for 21 of the last 23 years, and has an exceptional…
Pent-up weddings and stimulus could mean ‘generational consumer boom’ for diamonds
Global diamond production in 2020 fell by more than 20% to about 113 million carats due to planned production declines by the major producers and pandemic-related suspensions and curtailments. The…
Botswana extends Lucara’s licence for Karowe to 2046
Lucara Diamond (TSX: LUC) said Botswana has renewed the company’s mining licence for its Karowe mine for another 25 years, paving the way to fully move the mine’s underground expansion to…
Lucapa kicks off 2021 with 113-carat diamond find at Lulo
It’s the seventeenth rock over 100 carats found at the Angolan mine.