Diamond miners face turning point amid weak prices: report
The diamond industry, once a symbol of timeless stability, finds itself in a state of flux as prices for natural diamonds hit multiyear lows, driven by a mix of evolving…
Diamond
Gahcho Kué diamond mine earnings fall in ‘disappointing’ market for De Beers JV
Mountain Province Diamonds (TSX: MPVD) says its third-quarter earnings fell and mine operations swung into a loss as costs rose and grades dropped at the Gahcho Kué joint venture with Anglo…
Anglo American sells Australian coal JV stake for $1.5B
Anglo American (LSE: AAL) has agreed to sell its minority stake in an Australian coal mining joint venture for A$1.6 billion ($1.5 billion), marking a significant step in its strategy…
‘We’ve moved on,’ BHP says of failed Anglo bid, before walking back comments
BHP’s (ASX: BHP) leadership gave its clearest indication yet that it won’t make another bid for smaller rival Anglo American (LSE: AAL), but later walked back some comments about “moving…
Diamond miners’ results spark market recovery hopes
Lucapa Diamond (ASX: LOM) and Petra Diamonds (LSE: PDL) provided a glimmer of hope for the precious gemstones market on Tuesday by posting stronger revenues and production figures, signalling a…
How resource ‘classification debt’ chips away at miners’ growth and investor trust
Over the past decade, resource misclassification has saddled the mining industry with a costly problem. It’s one Guy Desharnais, Osisko Gold Royalties’ (TSX: OR; NYSE: OR) vice-president for project evaluation,…
Diamond sector’s latest marketing campaign aims to sell youth on mined gems
De Beers Group and Signet Jewelers are putting a modern twist on tradition with their new campaign, “Worth the Wait,” aimed at reigniting demand for mined diamonds amid increasing competition…
Lucara sells Clara diamond sales platform to HRA and former CEO Eira Thomas
Lucara Diamond (TSX: LUC) is selling its Clara rough diamond sales platform to its original founders, a group led by the HRA Group of companies and Lucara founder and former…
Rio Tinto starts underground production at A21 pipe at Diavik diamond mine
Rio Tinto (ASX: RIO) says it’s begun commercial production from a new underground development at its Diavik diamond mine, in the Northwest Territories, after completing the first phase of development…
Burgundy Diamond halts Sable expansion plans at Ekati in Northwest Territories
Burgundy Diamond Mines (ASX: BDM), owner of the Ekati diamond mine in the Northwest Territories, says it has pulled plans for underground mining at the Sable open pit following feedback…
Rio Tinto offers early termination to Diavik diamond workers in Northwest Territories: report
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is offering early termination for employees at its Diavik diamond mine, Canada’s largest gem producer, as part of cost savings ahead of…
Gem Diamonds’ Letšeng mine yields 212.9-carat stone
Africa-focused miner Gem Diamonds (LSE: GEMD) has found yet another big precious stone at its prolific Letšeng mine in Lesotho, the third greater than 100-carat diamond mined in September. The…