Lukas Lundin talks diamonds
Lukas Lundin is bullish on diamonds. The famed mining mogul and chairman of Lucara Diamond (TSX: LUC) sees rising demand and a lack of new discoveries as underpinning the healthy…
Diamonds in Canada
Dominion unearths plenty of upside at Ekati
It’s been nearly two years since Dominion Diamond (TSX: DDC; NYSE: DDC) picked up a majority interest in the Ekati diamond mine from BHP Billiton (NYSE: BHP; LSE: BLT) for…
Editorial: Reading the tea leaves
Lukas Lundin, the chairman of Lucara Diamond may be bullish on diamonds (see Page 5), but he doesn’t see things improving for diamond juniors in the near term. “The general…
Gahcho Kué construction nears halfway mark
By the time Gahcho Kué achieves first production in the second half of 2016, more than two decades will have passed since the discovery of the 5034 kimberlite at the…
Stornoway CEO Matt Manson’s path to Renard
Hard work and perseverance have been paying off for Stornoway Diamond (TSX: SWY) president and CEO Matt Manson. The 48-year-old executive recently saw the start of construction at the Renard…
Canada’s mini-staking rush
After going into hibernation in the wake of the Great Recession, diamond juniors are slowly rousing and getting back into the field. Inspired by Kennady Diamonds’ (TSXV: KDI) success at…
Canadian production on the rise
With Gahcho Kué and Renard now officially under construction, I think it’s fair to say that in four years’ time, Canadian diamond production will look significantly different than it does…
Digging for diamonds
A roundup of the latest news from Canadian-listed diamond explorers, developers and miners. Afri-Can Marine Minerals Afri-Can Marine Minerals (TSXV: AFA) reported in January the results of a positive prefeasibility study…
Dominion Diamond banks on Ekati
It’s been one year since Dominion Diamond (TSX: DDC) took over operations at the Ekati diamond mine in the Northwest Territories, and president and CEO Bob Gannicott says the company’s transition…
Lucara’s Karowe mine proves to be a gem
Lucara Diamond (TSX: LUC) had a very good 2013 at its Karowe mine in Botswana, reporting annual financial results in February that exceeded expectations. The company reported revenues of US$180.5…
Stornoway lands $944M financing for Renard
Stornoway Diamond (TSX: SWY) announced in April that it had lined up a $944-million financing to build its Renard diamond mine in north-central Quebec. The binding agreement with several different…
The state of global rough diamond supply in 2014
Global production of rough diamonds in 2014 is expected to reach roughly 135 million carats valued at US$17.8 billion, an increase of 3% over last year. The world’s 50 largest…