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Argyle 150
Diamond Resources Might Not Be Forever
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...
Mining Aug 14, 2018 Leah Meirovich
Diamond Names to Get DEF Awards
DEF Reveals Diamonds Do Good Honorees
The Diamond Empowerment Fund (DEF) will honor De Beers CEOBruce Cleaver, as well as Rolex and a Canadian regional government, at itsDiamonds Do Good awards event in Las Vegas in May. Cleaver, who has headed De Beers since July...
Mining Jan 17, 2018 Rapaport News
Ghaghoo mine Gem Diamonds
Gem Diamonds Ends Talks over Mine Sale
Gem Diamonds has terminated discussions with a potentialbuyer for its Ghaghoo mine in Botswana. The London-based company announced in August that it wasconsidering an offer from an unidentified party. However, those talks did notresult in an agreement, and...
Mining Dec 12, 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
Mothae mine Lucapa
Lucapa on Track to Develop Mothae Mine
Lucapa Diamond Company has secured $14.2 million (AUD 19million) in funding to acquire and develop the high-value Mothae mine inLesotho, the company said Friday.The package puts Lucapa on track to start commissioningMothae in the first...
Mining May 28, 2017 Rapaport News
Diamond Breakage Dents Renard Prices
Prices at Stornoway Diamond Corporation’s Renard mine inCanada lagged during the first quarter due to a high rate of diamond breakage,the company said.Sales since the mine’s launch yielded an average price of$83 per carat, Stornoway...
Mining May 10, 2017 Rapaport News
De Beers Venetia mine
De Beers Aims for Carbon-Neutral Mining
De Beers is looking to make some of its mines carbon-neutralwithin half a decade by storing carbon dioxide inside kimberlite rocks.The rough producer is investigating ways to acceleratethe naturally occurring process by which kimberlite reacts with carbon toremove carbon...
Mining May 07, 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
Lucapa Pegs Lulo Resources at $1,246/ct.
The Lulo mine in Angola contains diamonds that are 54% morevaluable than previously estimated, despite more than a year of resourcedepletion, according to the asset’s owner.The estimated price of the diamonds in the mine grew to$1,246...
Mining Mar 27, 2017 Rapaport News
Riot Tinto Red Diamond Argyle
Resource Estimate Drops for Argyle Mine
Rio Tinto has lowered its estimate of the mineral resourcesavailable at its Argyle diamond mine in Australia, as the company reconsiders itsplans to extend the project.Estimated mineral resources fell 66 percent to 15 milliontonnes in 2016, compared with the...
Mining Mar 05, 2017 Rapaport News
Lace Diamond Mine DiamondCorp
DiamondCorp Agrees to Loan Deal
DiamondCorp has reached an agreement with one of its lenders,enabling the embattled company to secure a loan against its Lace mine in SouthAfrica as part of its business recovery efforts. Last month, the company attempted a sale of shares...
Mining Feb 28, 2017 Rapaport News
Stornoway Renard
Stornoway Upbeat on Revenue After 2016 Profit
Stornoway Diamond Corporation recorded a profit in 2016 dueto a tax refund, and received a performance boost from the launch of the Renardmine in October.The company reported a net income of $15 million (CAD 19.6million) for the year,...
Mining Feb 26, 2017 Rapaport News
Gem Diamonds Puts Ghaghoo Mine on Hold
Gem Diamonds will stop production at the Ghaghoo mine inBotswana, effective immediately, due to a slump in prices, the company saidThursday.The miner has decided to place the asset on “care andmaintenance,” meaning it will put diamond recovery...
Mining Feb 16, 2017 Rapaport News
Global Weakness Hits Antwerp Diamond Trade
Belgium’s polished diamond trade slumped last year due to an economic slowdown in India and China, the Antwerp World Diamond Centre(AWDC) reported.Polished exports slid 10 percent to $11.8 billion, whileimports fell by the same margin to $11.39...
Polished Markets Feb 01, 2017 Rapaport News
Alrosa sorter
ALROSA’s Diamond Resources Decline
ALROSA’s rough diamond resources fell 4 percent to 1.03billion carats as at July 1, 2016, the Russia-based miner reported.Back on January 1, 2015, the resources stood at 1.08billion carats. Both assessments were carried out in accordance with a codeoutlined by the...
Mining Jan 15, 2017 Rapaport News
Diamond Mine Sale Ushers in ‘New Rockwell’
Rockwell Diamonds has agreed to sell certain non-core assetsto Nelesco 318 Proprietary for $3.2 million (ZAR 45 million) as part of astrategic overhaul by new chief executive officer Tjaart Willemse.Rockwell did not say which assets...
Mining Dec 25, 2016 Rapaport News
Letlhakane mine Debswana De Beers Botswana
De Beers to Add 25 Years to Botswana Mine
Debswana, De Beers mining joint venture in Botswana, is close tocompleting a tailings project that will extend the Letlhakane mine’s lifespanby 25 years.The Letlhakane Mine Tailings Resource Treatment Project willenable Debswana to continue producing rough diamonds...
Mining Dec 06, 2016 Rapaport News
Grib mine Lukoil
Grib Diamond Mine Sold for $1.5B
Lukoil has agreed to sell its Grib diamond project toRussian investment group Otkritie Holding. The $1.45 billion cash deal is expected to close in the firstquarter of 2017 following government approval, the companies announced Friday.“Spinning...
Mining Dec 04, 2016 Rapaport News
Lace Diamond Mine DiamondCorp
DiamondCorp Battles to Save Lace Mine
A business rescue practitioner has begun talks with stakeholders in the Lace Diamond Mine (LDM) as parent company DiamondCorp continues to assess the financial viability of the troubled South African operation. Daniel Terblanche, the appointed...
Mining Nov 30, 2016 Rapaport News
Matt Manson
Indian Liquidity Stress Impacts First Renard Sale
The first sale of roughdiamonds from the Renard mine in Canada garnered $7.6 million, even as smallerstones were withdrawn because of a lack of liquidityin India, owner Stornoway Diamond Corporation reported.The company sold 38,913 carats for...
Mining Nov 24, 2016 Rapaport News
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