TSX-V-listed Diamcor Mining has achieved a 121% quarter-on-quarter increase in total carats sold to more than 8 300 ct, for revenues exceeding $2-million, in the third quarter. This, says CEO Dean Taylor, demonstrates the company’s ability to generate significant revenues without the added benefit of any significant larger high-value rough diamonds.
Mining & Exploration
A threatening letter, a derailed train, blocked roads, burned vehicles, workers locked up. That’s what some of the world’s biggest mining companies say they’re battling in South Africa: Extortion. Covid plunged Africa’s most-industrialized country – home to the biggest deposits of metals ranging from platinum to chrome and manganese – into the
Aim-listed Botswana Diamonds (BOD) believes there are big opportunities for diamond exploration and development in South Africa and the company is focusing on what it considers the best opportunities available to the company. The company on December 8 reported its results for the financial year ended June 30, 2022, highlighting
Russian diamond mining giant Alrosa will build a new mine on the site of flooded Mir in Yakutia, with investments in the project expected to amount to 126 billion rubles (more than $2 billion), according to Rough & Polished. Head of Yakutia Republic Aisen Nikolaev said at a recent
Diamond miner Lucapa Diamond Company has announced significant recoveries from a bulk sample from its Lulo kimberlite operation, in Angola. The company said that some 20 diamonds had been recovered from the initial processing of around 20% of the kimberlite bulk sample, with five diamonds greater than 1 ct recovered,
LSE-listed diamond producer Petra Diamonds’ assessment team has concluded that there is a low risk of further breaches of the tailings storage facility (TSF) at the Williamson mine, in Tanzania, or a breach of the New Alamasi water dam. This follows the November 7 breach of the eastern wall of
