A diamantaire/miner’s view of the diamond market
Whither the diamond? It’s a good question. Ask the man on the street about the diamond industry, and he’ll insist that it couldn’t be going better — hell, diamonds are…
De Beers Consolidated Mines Limited
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…
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…
Lucara Diamond CEO just getting started
“I don’t ever believe in using the word try,” says William Lamb, the current driving force behind Lucara Diamond (LUC-T). “If you try, you are setting yourself up for failure….
Tough conditions for rough diamonds
Anglo American (AAL-L) reported diamond production fell in the second quarter ended June 30 by 11% to 7.2 million carats largely due to market conditions and a focus on planned maintenance and waste stripping while De Beers, in which Anglo…
Roughing it: A roundup of diamond juniors
Afri-Can Marine Minerals (AFA-V) completed a sampling program last April at the EPL 3403 seabed diamond project off the coast of Namibia. The company recovered 84 diamonds, 15 of which…
Anglo takes the reins at De Beers
As global diversified miners BHP Billiton (BHP-N, BLT-L) and Rio Tinto (RTP-N, RIO-L) look to step out of the diamond business, a third, Anglo American (AAL-L), is diving in deeper….
Questions, but no answers (yet)
These are interesting times for an industry that is still recovering from the Great Recession. BHP Billiton and Rio Tinto announced in recent months that they’re looking to leave the…
Peregrine ready to dance with a new partner at Chidliak
When Peregrine Diamonds (PGD-T) lost BHP Billiton (BHP-N, BLT-L) as a 51% partner at Chidliak late last year, it didn’t look good for the junior. BHP’s withdrawal from the project…
New NWT Premier looking to revive mineral investments
Two recent news items have underscored the divergent futures of the Northwest Territories (NWT) and Canada’s other two territories. On one side, BHP Billiton (BHP-N) announced possibly selling its Ekati diamond mine in the Northwest Territories…
De Beers sale to shake up industry
Anglo American’s (AAL-L) agreement to pay $5.1 billion in cash for the Oppenheimer family’s 40% stake in De Beers will have a profound impact on the diamond industry, executives and analysts say.
Editorial: Oppenheimer out
The decisive, US$5-billion exit of the storied Oppenheimer family from its 40% controlling interest in De Beers brings to a close a century of history in the global diamond trade.