For decades, shopping for uncut diamonds was a tightly scripted affair: First, persuade De Beers to add you to its list of handpicked customers. Then, 10 times a year, attend a week-long sale to buy exactly the amount De Beers offers you at whatever price it chooses. The system, which
Mining & Exploration
Canadian diamond miner Mountain Province Diamonds has provided a new guidance for 2020, as CEO Stuart Brown says that demand for rough diamonds are starting to show signs of interest. The Toronto-headquartered company lowered the production forecast for Gahcho Kue, in Kennady Lake on the Canadian tundra on the edge
London-listed Gem Diamonds, which operates the Letšeng mine, in Lesotho, sold 15 diamonds for more than $1-million each in the first half of this year. This includes one diamond that was sold for more than $5-million.
Mining Weekly Editor Martin Creamer unpacks Alexkor’s need for a panel of experts, the Tshipi Borwa manganese mine remaining profitable and the three Acacia Mining employees who were released from a Tanzanian jail.
A panel of experts should be formed to properly oversee the future of the struggling State-owned diamond mining company Alexkor, and to unlock the greater long-term potential of northern Namaqualand. That is the view of Sable Metals & Minerals CEO James Allan, following the briefing of the Parliamentary the Portfolio
Global miner Rio Tinto has no plans to take full control of its Canadian Arctic diamond mine, which faces closure and will cost hundreds of millions of dollars to clean up, court documents show. Rio, which owns 60% of the Diavik mine in Canada’s Northwest Territories, said in a May