The company said output at its diamond unit, De Beers, climbed 22% compared with the previous year to 33.5 million carats, as its Gahcho Ku?(C) mine reached full production. Gahcho Ku?(C), Canada's newest diamond mine and the world's largest in the last 13 years, is a joint venture between De Beers and
Shares in London-listed Botswana Diamonds (LON:BOD) were hit Thursday by the news that said sampling work at the company's Thorny River project in
In the fourth quarter of 2017, the GK Mine treated approximately 693,000 tonnes of ore through the process plant and recovered approximately 1,627,000 carats on a 100% basis for an average grade of approximately 2.35 carats per tonne. The Company's attributable share of fourth quarter diamond
GOVERNMENT has significantly reduced ground rental annual fees for diamonds to $225 per hectare from $3 000. The reduction is in line with Government's ease of doing business reforms to facilitate investment in the diamond sector. Mines and Mining Development Minister Winstone Chitando had
The mine has only been partially explored and it thought to hold a large amount of ore that's capable of producing emeralds. In fact, in 1998 the area contributed 77 percent of Colombia's total emerald production. The mine has even made it into the Guinness Book of World Records: the largest-ever emerald
Mnangagwa's administration has already repealed the 51% indigenization law, now only restricted to platinum and diamond mining. The so-called indigenization laws intended to increase black Zimbabweans' share of the economy, but were opaque and open to abuse. President Emmerson Mnangagwa
Russian miner Alrosa (MCX:ALRS), the world's top diamond producer by output, said Tuesday it had signed 67 long-term contracts for the sale of gem quality and industrial rough diamonds. Twelve of those agreements, said the miner, are with Russian companies and include three new clients - Aives,
VANCOUVER, British Columbia, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Mining for Miracles kicked off its 2018 Diamond Draw at the Mineral Exploration Roundup Conference in Vancouver today. Mining for Miracles, the BC mining community's longstanding fundraising campaign for BC Children's Hospital
Finland's mining authority has granted Ireland's Karelian Diamond Resources (AIM: KDR) a four-year exploration claim in the Kaavi region, located in the eastern part of the country. This license provides the holder with an exclusive right to apply for a mining permit. The 28.84-hectare property is close to
The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its prolific mine. Earlier in the month the miner discovered two type IIa diamonds that weighed 117 carats and 110 carats respectively. Only last week the company
Zimbabwe, which has the world's second-biggest platinum reserves, may lift a requirement that companies mining the metal or diamonds must be at least 51% owned by black citizens of the country, President Emmerson Mnangagwa said. Mnangagwa, who became president in November after Robert
Since it was established, it has pursued an accelerated growth strategy and aims to be one of the first producers of diamonds from kimberlite deposits in Brazil. The Company is focused on the development of sustainable kimberlite pipes and is not involved in alluvial diamond mining with its associated
Liqhobong is close to Gem's Letseng diamond mine, which is famed for producing large diamonds. However, breakages and the quality of the diamonds coming from the kimberlite Firestone first started mining meant it had not delivered the high-value diamonds its neighbour has and on which management
A 910-carat diamond, which is believed to be the world's fifth largest diamond, has been unearthed in Lesotho. The stone was discovered in Letseng mine by Gem Diamonds, a UK miner with operations in Botswana and Lesotho. Clifford Elphick, Gem Diamonds' chief executive, says the find is a "landmark
The externalities of which Payne speaks is what he terms "fake news" propagated by the mined-diamond industry that man-made diamonds are not true diamonds. "The diamond lobby has gotten ahead of this disruptive threat and successfully lobbied the FTC for very specific terms that create consumer
The Renard Property comprises more than 600 mineral claims representing about 33,600 ha of ground, and extends 10-12 km in all directions around the producing Renard Diamond Mine. In addition to the nine known kimberlite pipes in the Renard core area (five of which are in the present mine plan),
Regular finds of large, top-white diamonds at its Lulo concession suggests its drawing nearer to a major kimberlite diamond resource that will attract the majors. Lucapa is focused on finding and producing large and colored diamonds, the parts of the diamond market that have seen steady price growth in
Australia's Lucapa Diamond (ASX:LOM) has discovered more large diamonds at its prolific Lulo project in Angola, including a 43-carat yellow stone, the largest coloured gem-quality rock ever recovered at the mine. The company also found a 116-carat low-quality diamond, the tenth +100 carat stone
A global miner hoping to revive the Kimberley diamond industry has made a significant discovery, only 50km east of the old Ellendale mine that once produced half the world's rare fancy yellow diamonds. Only a few weeks after Lucapa Diamond Company began drilling for lamproite on its Brooking project,
TORONTO and NEW YORK, Jan. 17, 2018 /CNW/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces an update on the exploration program currently ongoing in the Southwest Corridor area of the Gahcho Ku?(C) mine site. The Southwest