Botswana Diamonds to begin production in South Africa
A test-run at Botswana Diamonds‘ (LSE: BOD) Marsfontein project in South Africa has positioned the company to begin commercial production at Thorny River later this year, it said on Thursday….
Diamond
De Beers US$2.3B Venetia mine expansion yields first diamonds
De Beers, the world’s largest diamond producer by value, announced on Tuesday it had recovered the first diamonds from its new US$2.3-billion ($3 billion) underground operations at the Venetia mine in South…
Colombia takes aim at ‘mining disorder’ with proposal limiting activity in vulnerable ecosystems
Colombia’s government made public a draft decree aimed at setting new criteria for establishing temporary natural reserves within the context of mining and environmental regulations. The decree, which can be…
Lucara underground Karowe diamond mine cost jumps 25% to US$683M
Lucara Diamond (TSX: LUC) has increased total preproduction costs for its Karowe underground diamond mine expansion to US$683 million, a 25% rise over its earlier estimate of US$547 million in…
Petra Diamonds misses production target for 2023 on lower grades
Petra Diamonds (LSE: PDL) said Tuesday it had missed its diamond production target for fiscal 2023, while sales remained low due to weak demand. The diamond miner produced 2.67 million…
Video: New discoveries needed to revive Canada’s flagging diamond sector
Canada’s natural diamond market needs a new discovery to invigorate investor interest in a flagging industry, says sector heavyweight Eira Thomas. The Lucara Diamond (TSX: LUC) CEO says several diamond…
Lucapa Diamond achieves debt-free status
Australia’s Lucapa Diamond (ASX: LOM) said on Tuesday it had fully repaid all interest-bearing loans that it borrowed from gold company Equigold and the Industrial Development Corp. of South Africa (IDC). The company,…
Petra Diamonds flags revenue hit as it defers sale to August
Petra Diamonds (LSE: PDL) has postponed the majority of what would have been its sixth sale for its 2023 fiscal year due to what it calls “a temporary slowdown” in…
Top Ten Australian juniors exploring in Canada
The following companies are the Top Ten Australian-headquartered juniors with a market capitalization of less than $1 billion, and have one or more active exploration projects in Canada, ranked according…
Petra Diamonds sells half its stake in Williamson mine
Petra Diamonds (LSE: PDL) said on Wednesday it had inked a definitive deal to sell 50% of its stake in the Williamson diamond mine in Tanzania to local technical services contractor…
De Beers merges two auctions as diamond sales disappoint
It sold $480 million worth of rough diamonds in the period between May 1 and May 16, 21% less than in the same period of 2022.
Nevada regains top spot as most attractive mining jurisdiction
The state of Nevada is once again the world’s top-ranked jurisdiction for mining and exploration after yielded the spot last year to Western Australia, the Fraser Institute’s 2022 annual survey of…