More headaches for Anglo American
Skyrocketing costs are eating into the pocketbooks of miners across the industry, and Anglo American (AAL-L, AAUKY-Q) is no exception.
Diamonds
Harry Winston to buy Ekati for US$500M
One year after BHP Billiton (BHP-N, BLT-L) announced it was looking at selling its diamond business, the company has found a buyer in Harry Winston Diamond (HW-T, HWD-N).
Harry Winston to buy Ekati for US$500M
One year after BHP Billiton (BHP-BLT-L) announced it was looking at selling its diamond business, the company has found a buyer in Harry Winston Diamonds (HW-T, HWD-T).
More headaches for Anglo at Minas-Rio
Skyrocketing costs are eating into the pocketbooks of miners across the industry and Anglo American (AAL-L, AAUK-Q) is no exception.
Stornoway expects delays at Renard
Stornoway Diamond (SWY-T) recently provided an update on the construction of the Route 167 extension that would give it full-year road access to its fly-in Renard diamond project in Quebec, confirming earlier media reports that the project…
Peregrine attracts big-name financiers
Financing opportunities are hard to come by, particularly for junior companies far from production, which could explain why Peregrine Diamonds’ (PGD-T) shares have been climbing since the firm announced a $10-million financing on Oct. 25.
Pierre Lassonde: The gold guru sounds off on diamonds
In a frank discussion with Diamonds in Canada in late September, the cofounder and now chairman of Franco-Nevada (FNV-T, FNV-N) and ex-Newmont Mining (NMC-T, NEM-N) CEO explains why he believes…
Stornoway’s road to Renard just got longer
Stornoway Diamond (SWY-T) delivered the good news in mid-October that it had received the mining lease for its Renard diamond project, in Quebec. The final permit required, the certificate of authorization,…
Diamcor Mining closes in on first diamond sale
Diamond junior Diamcor Mining (DMI-V) is flying high: The junior’s share price has gone from a low of 26¢ late last year to a 52-week high of $1.41 in late…
Unable to go big, BHP and Rio Tinto go home
In the space of just a few months, both BHP Billiton (BHP-N, BLT-L) and Rio Tinto (RTP-N, RIO-L) announced they were reviewing their diamond businesses. BHP, the 80% owner of…
India to the rescue?
China’s rising appetite for diamonds is often the focus of attention for diamond-watchers, but there’s another Asian giant that plays a pivotal role in the market. Like China, India has…
This industry’s ‘ripe for consolidation’
Pierre Lassonde built his remarkably successful career on gold, as cofounder and chairman of gold royalty powerhouse Franco-Nevada, a former CEO of Newmont Mining, a past chairman of the World…