Dominion Diamond Mines has announced the discovery of a 552-carat diamond from one of its Canadian mines, claiming it to be the largest gem-quality stone ever found in North America. The yellowish stone, found at the Diavik Mine in Canada´s Northwest Territories near the Arctic Circle,...
Botswana’s Debswana Diamond Mining is seeking permission to extend the lifespan of its Jwaneng mine and increase its production by 50 million carats. The joint venture (JV) between De Beers and the Southern African country’s government wants to deepen the pit to 830 metres which...
The world’s 50 largest listed mining firms have added US$141 billion in combined market capitalisation this year to date, in a further sign of the industry’s recovery from the recent commodities price crash. The mining sector’s top 50 are now worth a collective $896 billion, with...
A countdown has begun for Lucara Diamond Corp (TSE:LUC) to find a buyer for the world’s second largest diamond, before it will be compelled to form a partnership in order to sell the giant stone. Chief executive William Lamb said the Vancouver-based miner is considering one...
Canada’s Dominion Diamond Corporation (NYSE:DDC) has accepted a sweetened takeover offer of US$1.2 billion from privately-owned corporate group Washington Companies. The world’s third largest diamond miner by market value has been offered a price of US$14.25 per share, up from an initial offer of $13.50 a...
Anglo American (LSE:AAL) has reported a 9% rise in its overall output for the first quarter of 2017, compared with the same quarter last year, but a 3% fall in copper output. The drop in copper production has been attributed to poorer quality ore in Chile,...
Canada’s largest diamond producer Dominion Diamond Corp (TSX:DDC) has launched a formal evaluation process which will prelude the potential sale of the company. Dominion was subject of a recent US$1.1 billion unsolicited takeover bid by Montana-based Washington Companies, which was swiftly rejected by the Canadian mining...
Anglo-American (LSE:AAL) subsidiary company De Beers Group has announced that production has commenced at its Gahcho Kué site, the world’s largest new diamond mine in the last 13 years. The mine, located on the Canadian tundra in the Northwest Territories is a joint venture between De...
Australian mining firm Lucapa Diamond (ASX:LOM) has unearthed a 227-carat diamond at the Lulo Diamond Project mine in Angola. The newly-discovered diamond is the second largest to be uncovered to date at the Lulo mine, situated east of the capital Luanda, only after a 404-carat stone...
Following a comprehensive review, Rio Tinto (ASX:RIO) will complete the transaction of its Bunder diamond project in India to the government of Madhya Pradesh. Government officials of Madhya Pradesh, the second largest state in India by area, will resume control of the mine which was first...