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Diavik Mine 150
Man Charged with Stealing Diamonds at Diavik Mine
The Royal Canadian Mounted Police (RCMP) has arrestedand charged a man accused of stealing diamonds at the Diavik mine, the force saidWednesday. Samson Mkhitaryan is suspected of stealing more than $3,860 (CAD 5,000) in diamonds. The...
Mining Mar 08, 2018 Rapaport News
Rio Tinto Diamond Sales Rise 150
Resurgent Rough Market Boosts Rio Tinto Revenue
Rio Tinto’s diamond revenue rose 15% to $706 million in 2017,as global rough demand increased and Indian manufacturers replenished stockfollowing demonetization. Profit in the diamond unit almost doubled over the previous year, climbing...
Mining Feb 07, 2018 Rapaport News
Mountain Province to Acquire Kennady Diamonds 150
Mountain Province Acquires Kennady Project
Mountain Province Diamonds will purchase exploration group KennadyDiamonds in an all-share deal, reuniting two Canadian companies that split fiveyears ago. For each Kennady share, its investors will receive 0.975 ofa Mountain Province...
Mining Jan 30, 2018 Rapaport News
Rio Tinto Reports Diamond Production 150
Rio Tinto Plans Lower 2018 Production
Rio Tinto expects diamond production of between 17 million and 20 million carats in 2018, representing a decrease in output compared to last year. The company did not explain the expected drop.Diamond production in 2017 grew 21% to 21.6...
Mining Jan 21, 2018 Rapaport News
Virginia Drosos Signet
2017’s Diamond Merry-Go-Round
The past year has seen a number of changes in management-levelemployees within the diamond industry. Here’s a breakdown of the new faces anddepartures for 2017: Alrosa CEO Andrey Zharkov stepped down to besucceeded by former Sberbank senior...
Polished Markets Dec 26, 2017 Rapaport News
Ekati mine
Dominion Goes Private as Takeover Deal Closes
The Washington Companies, a group of mining businesses, hascompleted its acquisition of Dominion Diamond Corporation after receiving allthe required approvals.Dominion will operate as a standalone, private company underthe leadership of new CEO Patrick Evans, who assumes...
Mining Nov 02, 2017 Rapaport News
Dominion Jay project
Washington Nears Dominion Completion
The Ontario Superior Court of Justice has approved the WashingtonCompanies’ acquisition of Dominion Diamond Corporation, the Canada-based minerreported Friday.The deal’s completion still depends on Dominion holding atleast $150 million in cash if the closing occurs...
Mining Sep 25, 2017 Rapaport News
Patrick Evans
Patrick Evans to Be New Dominion Chief
Dominion Diamond Corporation’s new owner has appointedPatrick Evans as CEO of the Canada-based miner.Evans (pictured) will take charge of Dominion once the WashingtonCompanies’ $1.2 billion acquisition of the rough producer closes later thisyear, the...
Mining Aug 10, 2017 Rapaport News
Argyle mine rio Tinto
Rain at Argyle Dampens Rio Tinto’s Diamond Offering
Rio Tinto’s rough-diamond output declined 2% to 4.3 millioncarats in the second quarter as wet weather restricted production levels at theArgyle mine.Output from the mine in Western Australia fell 8% to 3.2million carats compared to the corresponding period last...
Mining Jul 19, 2017 Rapaport News
Dominion Ekati mine
Dominion Seals $1.2B Takeover by Washington
The Washington Companies will acquire Dominion DiamondCorporation for $1.2 billion, the firms said in a joint statement Monday.Washington, a mining group founded by entrepreneur DennisWashington, has agreed to buy all shares in Dominion for $14.25 each...
Mining Jul 17, 2017 Rapaport News
Dominion Jay project
Ekati Extension Gets Crucial Water Permit
Dominion Diamond Corporation has received government approvalto use water for its Jay project in Canada’s Northwest Territories — animportant regulatory step for the miner.Robert McLeod, the region’s minister of environment andnatural resources, signed...
Mining Jul 09, 2017 Rapaport News
Dominion Ekati mine
Dominion Gains from Higher-Value Ekati Production
Dominion Diamond Corporation’s sales increased sharply inthe fiscal first quarter as the miner shifted to a higher-value section of itsEkati deposit in Canada’s Northwest Territories.Revenue jumped 18% to $211 million in the three months ending April 30,...
Mining Jun 13, 2017 Rapaport News
Ekati mine
Dominion Buys Out Section of Ekati Mine
Dominion Diamond Corporation has bought out the buffer zoneof its Ekati mine from Archon Minerals Limited, its partner in thejoint venture, the miner reported Monday.The buffer zone is a section of the Ekati project...
Mining Jun 06, 2017 Rapaport News
CanadaMark 140
James Allen Links Up with CanadaMark
James Allen has become the exclusive online retailer ofCanadaMark diamonds, following a deal between the e-commerce site’s owner andCanada-based miner Dominion Diamond Corporation.All diamonds listed on James Allen under the Dominion-owned CanadaMarkbrand...
Retail Jun 05, 2017 Rapaport News
Ekati Mine
Untapped Ekati Pipe May Hold 16M cts.
Dominion Diamond Corporation has discovered an estimated16.3 million carats of diamonds in an undeveloped section of its Ekati mine inCanada.The miner recovered a parcel of 224 carats from about 680tonnes of kimberlite at the Leslie pipe, its highest-priority area...
Mining May 22, 2017 Rapaport News
Diavik Mine
Dominion Upbeat Despite Sales Decline
Dominion Diamond Corporation saw a 21% slump in sales during the fiscal year that ended January 31, with lower-quality production at its two Canada mines leading to reduced revenue. Nonetheless, it expressed optimism Wednesday about...
Mining Apr 13, 2017 Rapaport News
Diavik Diamond Mine, Courtesy: Diavik Diamond Mine
Dominion Sees More Life in Diavik Mine
Dominion Diamond Corporation has extended the life span ofits jointly owned Diavik mine by two years and hiked its estimate of theproject’s future production.The deposit in Canada’s Northwest Territories will lastuntil 2025, compared...
Mining Apr 02, 2017 Rapaport News
Diavik mine
Rio Tinto Taps New Diavik Mine Chief
Rio Tinto has appointed Patrick Boitumelo as president andchief operating officer of its subsidiary Diavik Diamond Mines (DDM), thecompany said Tuesday.Rio Tinto owns 60% of the Diavik mine in Canada’s NorthwestTerritories and operates the...
Mining Mar 28, 2017 Rapaport News
Jim Gowans Dominion
Dominion Team to Assess Potential Sale
Dominion Diamond Corporation has set up a team of directorsto evaluate a potential sale of the company, the miner said in a statementMonday.The committee will work with Dominion’s management team andadvisors to “consider alternatives that could include the...
Mining Mar 27, 2017 Rapaport News
Ekati
Dominion, Stornoway in Merger Talks: Report
Dominion Diamond Corporation and Stornoway DiamondCorporation have held discussions over a merger, Reuters reported this week, asDominion continued to denigrate a separate takeover offer from the Washington Companies.The merger talks cover the possibility...
Mining Mar 22, 2017 Rapaport News
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