Rio Tinto to spend U$40M on Diavik diamond mine expansion
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is going ahead with a US$40-million expansion of its iconic Diavik diamond mine in the Northwest Territories, which will extend the operation’s…
Diamond
From gun searches to kimberlites, AI makes inroads in Canadian mining
An artificial intelligence (AI) executive who co-founded a company searching for concealed weapons is now fronting another firm using similar technology to hunt for hidden mineral deposits. The company, Montreal-based…
Gemfields evacuates exploration camp in Mozambique after attack
Africa-focused Gemfields (LSE: GEM; JSE: GML) said on Tuesday it had suspended operations and was evacuating personnel from its Nairoto exploration camp in Mozambique following an attack on a nearby village….
Fancy colour diamond prices up 3.9% in 2022
Average prices for fancy coloured diamonds of any size climbed by 3.9% in 2022, led by yellows and pinks, the Fancy Color Research Foundation (FCRF), a non-profit that promotes transparency and…
‘Timing is right’ for NWT to harness critical minerals boom, says minister
Canada’s Northwest Territories is positioned to capitalize on the coming critical minerals supply crunch, says the territory’s Industry, Tourism and Investment minister Caroline Wawzonek. The territory, perhaps best known for…
Mountain Province reports Gahcho Kué production miss; ups guidance
Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) has increased the 2023 production outlook for its Gahcho Kué mine in Canada’s Northwest Territories despite reporting a slight miss on the mine’s…
TSX gains 2% in year’s first trading week
Markets got off to a good start in 2023 with the S&P/TSX Composite Index rising 429.59 points or 2.2% to finish the holiday shortened Jan. 3-6 trading week at 19,814.51….
Arctic Canadian boosts gem income as it tests novel submarine miner
Arctic Canadian Diamond, operator of the Ekati mine in the Northwest Territories, is on track to expand revenue by more than half as it aims to be the only miner…
The world’s top 5 richest diamond mines
The diamond industry was one of the winners as the world economy rebounded from the effects of the pandemic. Consumer demand for diamond jewelry grew last year, while supply remained…
CMS 2022: Digital sales, blockchain tracing cement Lucara’s place in diamond market
The post-pandemic period represents “the best diamond market in the better part of a decade,” Lucara Diamond (TSX: LUC) president and CEO Eira Thomas told delegates at The Northern Miner’s…
Petra Diamonds to keep Williamson mine idled until mid-2023
Petra Diamonds (LSE: PDL) said on Wednesday its Williamson mine in Tanzania would not resume production before the middle of 2023, following the partial collapse of a tailings storage facility…
Mountain Province finds new kimberlite around Gahcho Kue mine
Mountain Province Diamonds (TSX: MPV) has found a new kimberlite on the claims and leases surrounding its Gahcho Kué joint venture operation in the Northwest Territories, about 280 km northeast…