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Canada Site Shows High-Value Potential
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Star Diamond Corporation has noted a large quantity of high-valueand large rough stones at its two exploration sites in Canada, sending itsstock price shooting upward. Nearly 27% of diamonds at its Star project are type IIa,...
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Mining
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Mar 04, 2019
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Rapaport News
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Alrosa Exits Botswana Exploration Project
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Alrosa has sold its 50% stake in the Sunland Mineralsexploration project in Botswana, according to its former joint-venture partner. Botswana Diamonds bought the Russian miner out for a“nominal sum” and now owns the...
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Mining
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Nov 18, 2018
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Rapaport News
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Diamond Resources Might Not Be Forever
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While it’s true that value comes from rarity, no naturalresource lasts forever, and the rare is becoming even rarer. Diamond productionis set to peak in 2019, after which it will begin a steady decline. De Beersestimates global...
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Mining
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Aug 14, 2018
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Leah Meirovich
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De Beers Buys Peregrine Diamonds for $81M
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De Beers’ Canada business has agreed to acquire explorationcompany Peregrine Diamonds, which owns the promising Chidliak resource, thecompanies said Thursday. De Beers will buy 100% of Peregrine for about $80.6 million(CAD 107 million) in cash,...
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Mining
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Jul 19, 2018
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Rapaport News
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Mob Invades Gemfields Site in Ethiopia
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A mob of 300 to 500 people overran Gemfields Group’semerald-exploration operations in Ethiopia on Friday, forcing staff members toflee. Employees, contractors and service providers at Web GemstoneMining (WGM) were safely evacuated to a town a two-hour drive away, the...
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Mining
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Jul 03, 2018
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Rapaport News
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Rio Tinto Opts into Canada Diamond Project
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Rio Tinto has partnered with mineral exploration group ShoreGold to develop a diamond mine in Canada.The option agreement will potentially grant Rio Tinto up to60% of the proceeds from the Star-Orion South Diamond Project in Saskatchewan....
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Mining
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Jun 26, 2017
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Rapaport News
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Stellar to Sell Guinea Mining Projects
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Stellar Diamonds has agreed to sell its operations in theRepublic of Guinea to BDG Capital for $2 million, after calling off a previousdeal with Citigate Commodities Trading.Stellar’s Guinea projects, which are not core to its overallbusiness, consist...
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Mining
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Jun 07, 2017
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Rapaport News
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Alrosa, Angola Sign Deal on New $35B Mine
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Alrosa has partnered with Angolan national diamond companyEndiama to develop the African nation’s largest kimberlite deposit, claimingthe project could be worth more than $35 billion.Alrosadiscovered the Luele mine during exploration work it carried...
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Mining
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May 24, 2017
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Rapaport News
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Lucara Sample Yields 4.56ct. Diamond
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Lucara Diamond Corporation has recovered rough diamondsweighing more than 1 carat apiece – including one weighing 4.56 carats – from anore sample that came from its BK02 exploration project in Botswana.That largest stone was...
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Mining
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Mar 07, 2017
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Rapaport News
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Botswana Diamonds Funds South Africa Project
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Botswana Diamonds has agreed to fund an exploration projectin South Africa in return for a 72 percent stake in mine developer Vutomi.As part of the deal, Botswana Diamonds will pay Vutomi atotal of $1.2 million (GBP 942,000) in cash,...
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Mining
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Feb 06, 2017
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Rapaport News
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De Beers to Flood Snap Lake Mine
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De Beers said it will start flooding its Snap Lake mine inCanada and cease its involvement in an exploration quest in Saskatchewan.The miner will begin flooding the site in Canada’sNorthwest Territories in January after receiving regulatory approval...
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Mining
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Dec 27, 2016
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Rapaport News
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Lucapa Secures Angola Exploration Permit
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Lucapa Diamond Company said it received a license to exploreat the Lulo Diamond Project in Angola for another five years.Angola’s Minister of Mines andGeology FranciscoManuel Monteiro de Queirozsigned off the approval, which applies to the entire 3,000...
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Mining
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Nov 28, 2016
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Rapaport News
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Stellar, Octea to Merge Sierra Leone Diamond Mines
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Stellar Diamonds and Octea Mining agreed to combine theirSierra Leone projects to create the second largest diamond-mining operation inWest Africa.Under the proposed deal, Stellar plans to amalgamate itsTongo kimberlite project with Octea’s adjacent...
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Mining
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Aug 22, 2016
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Rapaport News
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Ex-De Beers CEO Joins Pangolin Diamonds
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Former De Beers chief executive officer Gareth Penny hasjoined diamond exploration company Pangolin Diamonds Corp. as non-executivechairman.Penny (pictured) left De Beersin 2010, after having steered the companyduring his final 5 years out of 22 he spent at the...
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Mining
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Aug 18, 2016
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Rapaport News
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De Beers Moves Ahead with Canada Exploration
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De Beers will test specimens of kimberlite indicatormaterial from a project in an underdeveloped part of Canada after completingsampling at the site in the Northwestern Athabasca basin.The miner investedup to $15.6 million (CAD 20.4 million) in the joint venture withToronto-listed...
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Mining
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Jun 28, 2016
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Rapaport News
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De Beers to Invest in Canada Exploration
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De Beers said it will spend up to $15.6 million (CAD 20.4million) on hunting for diamonds in an underexplored part of the Canadianprovince of Saskatchewan.The miner entered into an agreement wih CanAlaska, a companythat has staked claims to kimberlite-style targets in the NorthwesternAthabasca...
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Polished Markets
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May 22, 2016
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Rapaport News
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Lucapa Unveils $7M Investment in Lulo Mine
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Lucapa Diamond Company announced a $7 million upgrade and developmentplan for its Lulo program in Angola.The commitment includes new Caterpillar earth-movingequipment, vehicles for alluvial diamond mining and kimberlite explorationprograms and camp upgrades. The...
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Mining
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May 16, 2016
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Rapaport News
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Botswana Diamonds to Start Drilling at PL 186
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BotswanaDiamonds will begin drilling in an area within the Gope mine that holds a highpotential for diamond discoveries.The programwill start “shortly” at PL 186, part of the Maibwe (Brightstone) block oflicences in the Gope region of Botswana. The...
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Mining
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May 11, 2016
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Rapaport News
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Botswana Diamonds Raises $722K for Orapa Project
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BotswanaDiamonds sold shares for $721,500 (GBP 500,000) to fund ongoing diamond exploration at its jointproject withALROSA and for additional working capital.The companyplaced 33.3 million ordinary shares, or 9.9 percent of its share capital, withnew...
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Mining
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May 08, 2016
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Rapaport News
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Mining
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Apr 20, 2016
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Rapaport News
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