Gemfields’ sparkle dims, profit falls 86% on nixed sale
Coloured gemstones miner Gemfields (LSE: GEM) posted on Monday a 86% drop in pre-tax profit for 2023 due partly to the cancellation of a high-quality emerald auction in November, a lower…
Diamond
Lucapa finds Lulo mine’s fifth-largest diamond
Australia’s Lucapa Diamond (ASX: LOM) has recovered a 203-carat diamond at its prolific Lulo mine in Angola, the fifth-largest ever found at the operation. The diamond is also the third 100-carat-plus stone found at Lulo this…
Lucapa Diamond ups resources at Angola mine by 48%
Shares in Lucapa Diamond (ASX: LOM) jumped almost 5% on Monday after the Australian miner announced that inferred resources at its Lulo mine in Angola rose 48% last year. The Lulo mine, in…
Covert forms of sexual harassment persist in Western Australia mining – study
Female mining workers in Western Australia report it’s common to experience condescending attitudes because of their gender, and to be subject to offensive sexist remarks, the Mental Awareness, Respect and…
Diamond producers warn of pitfalls in G7’s Russia gem ban
The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes of…
What to expect in 2024 after diamond sector’s price plunge
It’s been a tough ride for the diamonds sector since rough prices hit an all-time high in the first quarter of 2022. Last year rough prices fell 15-20% according to…
Video: Northwest Territories Premier Simpson outlines new mining code
The Northwest Territories has a new government preparing to enact regulations on mineral resources, Premier R.J. Simpson says in a new video. The Far North Canadian region is getting ready…
De Beers expands presence in Angola after 2012 retreat
De Beers has inked a series of agreements with Angola, including one with state-owned diamond miner Endiama, covering processing and exploration prospects. The pacts between the parties build on exploration…
Diavik crash survivor is electrician with baby
The lone survivor of a plane crash that killed six people on their way to Rio Tinto‘s (NYSE: RIO; LSE: RIO; ASX: RIO) Diavik diamond mine has been identified as…
Plane crash kills 6 on way to Rio Tinto diamond mine in northern Canada
A jet crash in the Northwest Territories killed four passengers and two crew members on its way to Rio Tinto‘s (NYSE: RIO; LSE: RIO; ASX: RIO) Diavik diamond mine, officials…
Gahcho Kué diamond sales fall on weaker demand
Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) says lower prices and demand from India and China depressed sales by 15% last year from the Gahcho Kué mine in the Northwest…
Gem Diamonds and Lucara find first big stones of 2024
Africa-focused miners Gem Diamonds (LSE: GEMD) and Lucara Diamond (TSX: LUC) have recovered big, high-quality Type IIa diamonds at their respective operations. Gem Diamonds said on Thursday it had unearthed…