Commentary: Thank you De Beers, for doing the unthinkable
De Beers deserves a huge thank you from northerners for doing what many might believe is the unthinkable. Let me be the first to say it: “Thank you De Beers for Snap Lake.”
Diamonds
Anglo American’s radical rethink
VANCOUVER — Anglo American (US-OTC: AAUKY; LSE: AAL) intends to shrink the number of its employees by 63%, suspend its dividend, and close, sell or mothball its cash-flow negative assets to adapt to deteriorating market conditions.
Diamond glut ‘not as catastrophic’ as people believe: Lucara CEO
After a decent 7% increase in 2014, rough diamond prices have fallen for the past year, prompting diamond equities to follow.
Lucara finds 1,111-carat diamond in Botswana
Lucara Diamond (TSX: LUC) recently made history by unearthing the world’s second-largest diamond from its flagship Karowe diamond mine in Botswana.
Rough year creates opportunity in diamonds: Q&A
Diamond equities have had a rough ride in 2015, but what about next year? In an interview in early November, Matthew O’Keefe, vice-president and senior analyst at Dundee Capital Markets,…
Stornoway’s ‘good timing’ at Renard
Since it raised $946 million last July to build its Renard diamond mine in Quebec, Stornoway Diamond (TSX: SWY) has kept construction and engineering at the project on time and…
Diamond explorers flock to Botswana
Botswana is the world’s largest diamond producer by value and home to the incredibly rich and long-lived Tier 1 Orapa and Jwaneng mines, both owned by Debswana, a 50/50 joint…
Sable PEA sweetens Ekati
Looking to extend the mine life at its Ekati operation beyond 2020, when it’s now slated for closure, Dominion Diamond (TSX: DDC; NYSE: DDC) has been busy this year proving…
Kennady North diamond project ‘coming together’: Site visit
YELLOWKNIFE — There’s a frosty glow across the rugged northern tundra at the Kennady North diamond project, 280 km east of Yellowknife, but the icy shimmer still doesn’t compare to…
Editorial: Diamond market in wait-and-see mode
The response of diamond miners to the decline in rough prices over the past year — they’ve fallen around 16%, according to the WWW rough diamond index — has been…
Big changes at De Beers Canada
In a plan that is expected to be complete by the end of next June, De Beers Canada is moving its headquarters to Calgary from Toronto as part of a…
Stornoway’s resource rises at Renard
Stornoway Diamond (TSX: SWY; US-OTC: SWYDF) is halfway through building its Renard diamond mine in Quebec — the first diamond mine in the province, and one of only two currently being built in Canada — but already the project is…