Editorial: Voyage from the bottom of ice station zebra
The closure in July of the Point Lake part of the Ekati complex in the Northwest Territories is the latest blow to Canada’s Far North diamond industry. Owner Burgundy Diamond…
Diamonds
Botswana seeks control of De Beers
Botswana is pushing to take control of De Beers as Anglo American (LSE: AAL) prepares to sell the diamond company. Duma Boko, president of Botswana, is determined to increase the…
Decarbonization out of sync with diesel dependence
In Canada’s Far North, where the effects of climate change are readily apparent, decarbonization goals are stunted by a lack of infrastructure and diesel dependence. Agnico Eagle Mines (TSX, NYSE:…
Infographic: Major mining infrastructure across Canada
Rich mineral deposits must be accessible before they can be properly developed. In some cases that means building large-scale and expensive road and power networks across the vastness of Canada….
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…
How the natural diamond industry could have taken down its lab-grown competition
Years ago, I noticed a plaque hanging on the wall in a private equity group in London’s Mayfair that read: “The Roman Empire wasn’t built by holding committee meetings; it…
Kodak never saw it coming either. How lab-grown diamonds rocked the industry
Since early 2022, the price of polished natural diamonds has fallen roughly 40%. The industry is being buffeted by negative economic headwinds, an excess of mine supply and too much…
Winsome buys more time to assess Renard deal
Australia’s Winsome Resources (ASX: WR1) has bought itself an extra three months to decide whether it will acquire the Renard diamond mine and plant in northern Quebec, paying $2 million…
Lucapa recovers 176-carat diamond in Angola
Lucapa Diamond (ASX: LOM) announced Monday the recovery of the fifth stone larger than 100 carats found this year, a 176-carat Type IIa diamond from the Lulo alluvial mine in…
Star Diamond boosts Star-Orion resource, eyes 2026 feasibility
Star Diamond (TSE: DIAM) has upped resources at its Star-Orion South diamond project in Saskatchewan, after former joint venture partner Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) returned its…
BHP offers to buy Anglo American for US$39B
BHP (LSE: BHP; NYSE: BHP; ASX: BHP) has made a tentative all-share offer valued at £31.1 billion (US$38.8 billion) to take over Anglo American (LSE: AAL) and become the world’s…
Dundee’s Goodman on how to avoid mining’s investment pitfalls
Jonathan Goodman has had it with rosy economic studies from junior miners that fail to live up to expectations. “Have you ever seen a feasibility study or a pre-feasibility study…