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DEF
DEF Invests in Education on Three Continents
The Diamond Empowerment Fund (DEF) has grantedits largest-ever award, to be shared among nine beneficiaries across three continents.The $470,000 training and education grant,released early last week, is designed to support girls’ education,entrepreneurship and youth...
Financial-Legal Oct 15, 2019 Rapaport News
DEF
DEF Debuts Scholarships for Canadian Industry
The Diamond Empowerment Fund (DEF) has launched its firsteducational grants for young people in Canada’s Northwest Territories (NWT). “Creating education and employment opportunities for youthwho live in areas where natural diamonds are...
Mining Apr 14, 2019 Rapaport News
TCWR 150
Canada’s Ice Road Opens for Milestone Year
February is a crucial time for Canada’s diamond mines.Located in the most remote region of the country’s frozen Northwest Territories(NWT), Rio Tinto, Dominion Diamond Mines and De Beers have a two-month windowto connect their mining operations...
Mining Feb 07, 2019 Leah Meirovich
NWT Framework
Canada’s NWT Lifts Polishers’ Export Ban
Canada’s Northwest Territories (NWT) has abolished its banon diamond manufacturers sending rough to other locations for processing,potentially enabling significant cost savings for the industry. Rules in place since 1999 have required the...
Rough Markets Dec 09, 2018 Rapaport News
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
De Beers 600
De Beers Buys Peregrine Diamonds for $81M
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,...
Mining Jul 19, 2018 Rapaport News
De Beers Victor Mine
De Beers to Shut Victor Mine in 2019
De Beers will cease production at the Victor mine in Canadain the first quarter of 2019, the company said Wednesday. The asset in Ontario, where production started in July 2008,will continue to operate at full capacity until the...
Mining Nov 02, 2017 Rapaport News
Gahcho Kue processing plant
Gahcho Kué Production Exceeds Forecasts
Mountain Province Diamonds could surpassits diamond output target for 2017 from the Gahcho Kué mine in Canada’sNorthwest Territories due to stronger-than-expected production in the thirdquarter.Mountain Province is a 49% partnerwith De Beers Canada in the mine, which...
Mining Oct 25, 2017 Rapaport News
Argyle mine rio Tinto
Rio Tinto Tightens Rough Output Projection
Rio Tinto tightened its diamond-production outlookfor the year to between 19 million and 22 million carats, despite reporting a year-on-yearincrease in output.The miner’s previous guidance for 2017 was19 million to 24 million carats, it said in a review of its third-quarteroperations....
Mining Oct 18, 2017 Rapaport News
Gahcho Kue
Average Price Drops at Mountain Province Sale
Mountain Province Diamonds saw the average price of rough atits September sale fall to the lowest level yet, as the tender included anunusually large proportion of small stones and fewer high-end goods.The company sold...
Mining Sep 18, 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
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
Gahcho Kue 67.87 ct. rough diamond
Mountain Province Turns a Profit in 2016
Mountain Province Diamonds recorded a profit last year,benefiting from the Canadian dollar’s improvement against its U.S. counterpart.The miner’s net income stood at $3.6 million (CAD 4.8million) compared with a net loss of $32.4 million...
Mining Mar 30, 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
De Beers Gahcho Kue
Gahcho Kué Mine Reaches Commercial Production
The Gahcho Kué mine in Canada achieved commercial productionon Thursday, joint owners De Beers and Mountain Province Diamonds reported.This means the mine is capable of operating in the manner itsmanagement intended, the companies said in a joint...
Mining Mar 02, 2017 Rapaport News
Brendan Bell Dominion
Dominion CEO Quits Before Move to Calgary
Dominion Diamond Corporation’s chief executive officerBrendan Bell will stand down in the wake of the miner’s prospective move to Calgary.A process to find a new CEO is underway with Bell committing to the role until June 30 to facilitate...
Mining Jan 30, 2017 Rapaport News
small ice road
Diavik Mine to Escalate Diamond Production
Dominion Diamond Corporation forecast production at theDiavik mine in Canada will increase by up to 14 percent this year after outputrose in 2016.The miner projected rough-diamond recovery of 7.1 million to7.6 million carats in 2017, with all mining taking...
Mining Jan 17, 2017 Rapaport News
Snap Lake De Beers mine
De Beers to Flood Snap Lake Mine
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...
Mining Dec 27, 2016 Rapaport News
Almod Diamonds
Almod Diamonds to Open Canada Cutting Factory
New York-based Almod Diamonds will expand production of its patented 'Crown of Light' cut by opening a new cutting andpolishing facility in Canada’s Northwest Territories next year.Almod, an affiliate of retailer Diamonds International, saidit will set up a factory...
Manufacturing Dec 21, 2016 Rapaport News
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