Diamonds in Canada Editorial: The next diamond boom
We’ve timed the release of our June issue to coincide with Diamonds in Canada’s first-ever event. The inaugural Diamonds in Canada Symposium, hosted by The Northern Miner, will take place…
Lucara Diamond Corp
‘We can use the power of machine learning’: PMF roundtable discusses innovation in mining
The mining industry is engaged in a multifaceted debate about innovation, and the potential impacts new technologies and systems can have on operating practices, workforce demographics, social responsibility and sustainability….
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…
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…
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…
Five reasons diamond stocks have been dragging
In the first quarter of 2017, a market-cap weighted aggregation of diamond miners in U.S. dollars including Alrosa (RTS: ALRS), Petra Diamonds (LSE: PDL), Dominion Diamond (TSX: DDC; NYSE: DDC),…
Lucara’s cash position builds
Although it pulled its 1,109-carat Lesedi La Rona Type II gem from sale in June, after it fetched a high bid of US$61 million at a Sotheby’s auction, Lucara Diamond…
Q&A: Decoding the diamond market
With a dismal 2015 in the rear-view mirror, the first half of 2016 saw surprisingly strong demand for rough diamonds. However, with new production coming online from several mines in…
Lucara sees a strong finish to 2016
Lucara Diamond’s (TSX: LUC) third-quarter earnings slumped partly due to the timing of its sales, but it expects to catch up in the fourth quarter. Lucara — the operator of…
TSX moves lower, July 18-22
A state of emergency imposed in Turkey following a failed military coup, an attack at a shopping mall in Germany that left nine people dead, and the week-long Republican National…
The Northern Miner podcast – episode 19: Brexit fallout, pipelines and retirement
Lesley and Matt reflect on Brexit and the recent run in gold prices before discussing Newmont Mining‘s (NYSE: NEM) Batu Hijau sale, Imperial Metals (TSX: III) getting the greenlight to…
A bit of excitement: Diamonds in Canada Editorial
Not long after Lucara Diamond installed a large diamond-recovery circuit at its Karowe mine in Botswana last year, the mine produced a record-breaking stone. The 1,109-carat Lesedi La Rona is…