Diamonds
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Lucara Diamond to borrow for Karowe underground expansion
Lucara Diamond (TSX:LUC) anticipates incurring debt of between US$150 million and US$200 million towards the US$514-million underground expansion of the Karowe diamond mine in Botswana. The Vancouver company has already initiated discussions with potential lenders, and hopes to secure funding…
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Tomra opens access to technical information on new diamond site
Tomra Sorting Mining has developed a new diamond microsite that offers access to comprehensive technical information and allows diamond producers to understand the possibilities offered by Tomra’s recovery solutions and how they would add value. “We want to allow our…
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Anglo American Q4 production back up to 95% of 2019 rates
Anglo American copper production increased by 6% to 167,800 tonnes in the fourth quarter of 2020, compared to 158,800 tonnes for the same period in 2019, largely due to secured access to industrial water at Los Bronces copper mine in…
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Mountain Province’s first diamond sale of 2021 shows 8% price rise
After a devastating 2020 which saw a near collapse in the global diamond trade, Mountain Province Diamonds‘ latest sales figures show the sparkle may be starting to return to the diamond sector. The 49%-owner of the Gahcho Kué mine in…
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Emesent technology helps Petra Diamonds save on ore pass remediation
Highly accurate point cloud datasets from a Hovermap scan allowed Petra Diamonds’ mine engineers to visualize the condition of orepasses for the first time and avoid spending five months, and US$350,000, on remediation. Hovermap, Emesent’s flagship product, is a smart…
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De Beers sales rise 12% as diamond demand recovers
De Beers Group announced on Wednesday that sales of rough diamonds rose more than 12% in the latest sales cycle, as demand improves on the back of easing COVID-19 restrictions and ahead of the holiday season. Sales of US$450 million…
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Mountain Province sees ‘positive momentum’ in battered diamond market
Since resuming regular diamond tenders in September, Mountain Province Diamonds has seen prices for its goods start to rise. In fact, the diamond junior, which owns a 49% stake in the Gahcho Kué mine in the Northwest Territories, says…
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Diamond market shows signs of revival
After being virtually shut down since March, the diamond market has slowly come back to life. This fall, De Beers, the world’s largest diamond producer by value, has reported a growing momentum in sales. Several small producers also reported their…
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Dominion Diamond Mines sale of Ekati falls through
The future of the Ekati diamond mine in Canada’s Northwest Territories remains uncertain after Dominion Diamond Mines announced that a deal to sell it to a subsidiary owned by its parent company, The Washington Companies, has fallen apart. Dominion Diamond…
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Canadian “flawless” diamond sets online record of US$15.7M at auction
A rare, flawless 102-carat white diamond found at the now closed Victor mine in Canada, has sold for US$15.7 million (HK$122 million), a record price in an online auction. The small egg-size diamond was cut from a larger 271-carat rough,…
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Mountain Province resumes diamonds sales in Antwerp
Mountain Province Diamonds held its first traditional diamond sale since the pandemic began on Sept. 19 in Antwerp. And while the sales figures are modest, the resumption of diamond sales is a major positive development for the diamond sector, which…
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Restart of Renard diamond mine planned for September
Operations at the Renard diamond mine in Quebec will be restarted this month, after a six-month suspension, Osisko Gold Royalties has announced. The September restart follows a thorough review of operations and the approval of a plan to reduce costs…
