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De Beers Identifies New Kimberlite Indicator
The discovery of a new source-rock indicator for diamondformation has the potential to help geologists locate and identify valuablediamond deposits around the world, a study by the University of Alberta and DeBeers shows. “The outcome of the...
Mining Jun 27, 2019 Leah Meirovich
De Beers
De Beers Merges South Africa, Canada Assets
De Beers will combine its mining ventures in South Africaand Canada to streamline operational management and increase sustainability, itsaid Monday. The new business, De Beers Group Managed Operations, willoversee the Venetia and Gahcho Kué...
Mining Feb 26, 2019 Rapaport News
De Beers Earnings Fall 150
De Beers Production to Peak in 2018
De Beers expects its production to hit a high point in 2018 as anumber of its mines approach the end of their life span, CEO BruceCleaver told Rapaport News. The company is planning production of 34 million to 36million carats in 2018,...
Mining Feb 22, 2018 Joshua Freedman
Damtshaa mine De Beers
De Beers to Resurrect Damtshaa Mine
De Beers will bring the Damtshaa mine in Botswana back intooperation, two years after the company ceased production at the asset.The company has scheduled a re-commissioning and ramp-up of thedeposit during the fourth quarter, with...
Mining Oct 30, 2017 Rapaport News
De Beers Orapa mine
Weaker Product Mix Dents De Beers Sales
De Beers’ revenue fell in the first half of 2017 asrestocking by Indian manufacturers resulted in the miner selling a greaterproportion of lower-value goods than a year ago.Total revenue declined 4% to $3.13 billion, withrough-diamond sales down 6.5% to $2.9 billion,...
Mining Jul 27, 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
small ice road
De Beers Selling Unprofitable Snap Lake Mine
De Beers has put the Snap Lake diamond mine in Canada up for sale after operations were suspended in December, Reuters reported.The miner has hired Bank of Montreal to market the mine inthe Northwest Territories, the...
Mining Jul 24, 2016 Rapaport News
De Beers Logo
De Beers to Cease Mining at Canada’s Snap Lake, Lays Off 434
De Beers is to immediately cease mining at its Snap Lakemine in Canada. The move comes following a review of its operations,particularly in light of current market conditions.The company has put themine on “care and maintenance” and expects this status...
Mining Dec 06, 2015 Rapaport News
small ice road
Heavy Traffic Expected on Canada's Diamond Ice Road
The winter ice road leading to the diamond mines in Canada’s Northwest Territories is expected to experience near-record levels of traffic this year due to activity at the Gahcho Kué project.The seasonal road opened this Sunday and...
Mining Feb 03, 2015 Ronen Shnidman
Jwaneng Mine, Botswana
De Beers 1Q Production +18%
De Beers production rose 18 percent year on year to 7.532 million carats in the first quarter of 2014, Anglo American reported. The increase was largely due to easy annual comparisons since one year ago, production was...
Mining Apr 24, 2014 Deena Taylor
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