(IDEX Online) - Markets remain depressed, with further widespread losses among rounds, as the prospect of possible G7 sanctions on Russian diamonds looms, combined with a lull before the Vegas storm and disappointment that China's post-lockdown bounce-back hasn't happened. Fancies fared better, as has been the case in recent mon...

(IDEX Online) - Petra Diamonds has sold half its stake in the Williamson mine, in Tanzania, for $15m.The UK-based miner said the sale to Taifa Mining, the country's largest mining contractor, would place the mine on "a stronger basis for the future".Williamson has been closed since the breach of a tailings dam last October, which rel...

(IDEX Online) - Signet remains by far the biggest-grossing jeweler in North America, according to National Jeweler magazine's annual State of the Majors report on $100m supersellers published yesterday.Total sales of watches and jewelry at its 2,854 outlets and online were $7.29bn during 2022 - more than double the revenue of second-...

Calgary, Alberta--(Newsfile Corp. - May 25, 2023) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2023. All dollar figures are Canadian dollars unless otherwise noted.Financial and operational results below present the ca...

TORONTO, ON / ACCESSWIRE / May 24, 2023 / Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) is pleased to announce that it has been accepted for membership in the ResponsibleSteel™ organization.About ResponsibleSteel™ResponsibleSteel is a global not-for-profit...

VANCOUVER, BC, May 24, 2023 /CNW/ - TSX VENTURE COMPANIES INTEGRA RESOURCES CORP. ("ITR")MILLENNIAL PRECIOUS METALS CORP. ("MPM.WT")                                               BULLETIN TYPE: Cons...

Children head to diamond mines in pandemic-hit Central African ...

Dec 1, 2020 ... Since the coronavirus forced his school to close in March, Papin has been working six days a week at a diamond mine in the Central African ...

De Beers orders $142 million Namibian diamond mining ship ...

Nov 21, 2017 ... Anglo American's diamond unit De Beers has ordered a new $142 million diamond mining ship as part of its strategy to grow its offshore ...

S. Leone halts mining after 2 die in diamond riots | Reuters

Dec 14, 2007 ... Sierra Leone ordered the country's biggest diamond mine to suspend operations on Friday pending an investigation into riots in which two ...

The upside to the downturn: extraordinary value' for selective investors

There's no doubt that the past few years have been tough on junior miners and those who invest in them. So tough in fact that the World Resource Conference put together each June in Vancouver by Cambridge House has been rebranded as the Canadian Investor Conference, with small-cap tech and "diversified" companies - including those juniors that have recently migrated to the burgeoning medical marijuana sector - invited in to shore up the exhibitors' list and bring in more investors. But while it's easy to dwell on the hardships exploration companies and those who invest in them have had to endure for the past three years, there is an upside to the junior mining industry's current malaise. A panel at the conference, which took place June 1-2, laid out several positives for investors wh...

Peregrine shares pop on 7.5M-carat maiden resource for Chidliak

Peregrine Diamonds (TSX: PGD) has unveiled a maiden resource for the CH-6 kimberlite at its Chidliak diamond project in Nunavut.CH-6 contains an inferred resource of 7.47 million carats in 2.89 million tonnes of kimberlite grading 2.58 carats per tonne. The resource extends to 250 metres depth and CH-6 is open at depth.A valuation of CH-6 diamonds conducted in February revealed an average diamond price of US$213 per carat.Beside and beneath the CH-6 resource, the company has defined a target for further exploration of 2.6 to 3.5 million additional tonnes. About half of that estimated tonnage (1.5 million tonnes) lies at shallow depths of between 105 and 250 metres depth, while the rest is between 250 and 380 metres depth. Peregrine is planning a core drilling program to convert the ta...

An adapt-or-die moment for junior miners

Newsletter writer and mining analyst John Kaiser sounds a little dejected as he describes the utterly bleak state of the mining industry today."The phones are completely dead, nobody cares," says the editor of Kaiser Research Online. "Companies can't raise money, it's like a complete dying sector."Kaiser made a now-famous prediction last year that around 500 juniors were bound for "extinction" because of an inability to raise capital, low share prices and negative sentiment on commodities.As of mid-May, that number has grown: Of the roughly 1,800 publicly listed TSX and TSXV companies involved in mining or exploration and listed in the KRO database, 694 had less than $200,000 in working capital - basically the amount needed annually to maintain a listing.Kaiser adds that about 70% of all...