Alrosa’s anemic April sales underscore market distress
Russia’s Alrosa, the world’s top diamond producer by output, saw sales for rough and polished diamonds fall to US$15.6 million in April, as the coronavirus pandemic continues to hit demand….
Diamonds
The Northern Miner Podcast – episode 184: Diamond troubles as the mining industry adjusts to COVID-19, ft Alisha Hiyate
This week’s episode features Canadian Mining Journal editor-in-chief Alisha Hiyate, who discusses her experience at the Prospectors and Developers Association of Canada (PDAC) conference, as well as how the mining…
Coronavirus curbs Mountain Province revenue
Unlike many other mines in Canada and around the world that have been put on care and maintenance because of the global COVID-19 pandemic, the Gahcho Kué mine in the…
Alrosa steps up efforts to brighten up fluorescent diamond sales
Alrosa, the world’s top diamond miner by volume, is betting on a new strategy to boost its sales amid an industry-wide slowdown that has hit small companies the hardest. The…
Lucara recovers 549 carat white diamond
Lucara Diamond (TSX: LUC) has recovered a 549 carat diamond from its Karowe mine in Botswana. The mine — one of the world’s most prolific producers of large and high-value…
Rio Tinto to close world’s biggest diamond mine
Rio Tinto’s (NYSE: RIO) iconic Argyle mine in remote Western Australia, the world’s biggest and the main global source of high-quality pink diamonds, will close in the fourth quarter of…
Lucara Diamond’s sales beat expectations
Lucara Diamond (TSX: LUC) is the latest miner to inject some optimism into a depressed market that was hit this year by an unforeseen oversupply and increasing demand for lab-made…
Anglo American cuts output targets for coal, iron ore and diamonds
Anglo American (LON: AAL) has cut its production forecasts for coal, iron ore and diamonds for the next two years, but is bullish on the outlook for copper and palladium,…
Buried treasure: An overview of news from active diamond companies
An overview of the latest news from active diamond explorers, developers and miners in Canada, and Canadian-listed companies working abroad. Adia Resources This spring, Adia Resources completed an initial diamond…
Tres-Or drills Guigues kimberlite in Quebec
The Guigues kimberlite pipe in northern Quebec, 10 km from Notre- Dame-du-Nord, was discovered by De Beers in 1983. But despite its long history, it has never seen modern microdiamond…
Rio Tinto unveils new tech for bulk sample at Star
Rio Tinto (NYSE: RIO; LSE: RIO) has completed its 2019 bulk sampling program at Star Diamond’s (TSX: DIAM) Star-Orion South diamond project, 60 km east of Prince Albert, in central…
Stornoway’s creditors step in to save Renard
Stornoway Diamond (TSX: SWY) and its creditors reached a deal that will see the Renard diamond mine operate during corporate restructuring, after the company’s failure to generate positive free cash…