Rio Tinto and Star Diamond make peace
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Canadian junior Star Diamond (TSX: DIAM) have reached an agreement to end a long drawn out dispute over the development of…
Diamond
India factory closures weigh on De Beers diamond revenues
Anglo American‘s (LON: AAL) diamonds unit De Beers has reported another decline in sales revenue for the ninth sales cycle this year, as cutting factory closures in India weighed on…
The Top 10 diamond stories of 2021
The diamond sector may be a volatile industry, as its dramatic ups and downs during the pandemic have demonstrated. But readers have remained interested in diamond news this year —…
TSX rises, Nov. 8-12
The S&P/TSX Composite index rose 312.70 points or 1.46% to finish the November 8-12 trading week at 21,768.50. The S&P/TSX Global Mining Index gained 5.97 points or 6.12% to 103.55…
The diamond market ‘is the strongest it’s been in ten years,’ diamond expert says
After a brutal 2020 that saw diamond production and sales curbed globally, with production declining more than 20% to around 107 million carats, the diamond market has bounced back strongly…
Guinea junta names AngloGold executive as mines minister
Guinea’s junta has appointed Moussa Magassouba, the director general of AngloGold Ashanti’s (NYSE: AU; JSE: ANG) local subsidiary as the country’s mines and geology minister, two months after the elite…
Anglo American strategy boss replaces Cutifani as CEO
Duncan Wanblad, 54, will be the first South African to run the company since Tony Trahar stepped down in 2007.
Alrosa says global stock of rough diamonds “minimal”
Alrosa (MCX: ALRS), the world’s top diamond miner by output, warned that global stocks of roughs are nearing multi-year lows, as demand continues to increase with not meaningful supply response from…
De Beers sells first traceable diamonds under GemFair
Anglo American’s De Beers, the world’s largest rough diamond producer by value, has sold the first roughs produced under the GemFair program, aimed at removing conflict diamonds from the market…
Gemfields swings to profit as it reopened mines
Precious gemstones miner Gemfields (LSE: GEM; JSE: GML) has swung to a first-half net profit after it reopened mines and demand for its emeralds and rubies surged. The company, which returned to the London Stock Exchange’s…
Petra Diamonds mulls selling Tanzania’s Williamson mine
South Africa’s Petra Diamonds (LSE: PDL) is considering selling its Williamson mine in Tanzania, even as it continues to work on bringing the operation back online in the second half…
Lucara approves $514M Karowe mine expansion
Lucara Diamond (TSX: LUC) has announced that its board has formally accepted a planned underground expansion of the Karowe mine in Botswana, which is expected to extend the operation’s life for 20 years — until 2040. The Vancouver-based…