Tag: DMCC

Alrosa: New Mayskaya Pipe Will Produce 1 Million Carats Per Year

Russian mining giant Alrosa said that the newly developed Mayskaya pipe is expected to start yielding diamonds in 2025, and that the deposit will bring approximately 1 million carats a year, Rough & Polished reports.   Credit: Alrosa   The Mayskaya pipe was discovered in 2006.  It is located in
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Anglo American eyes 35% growth within a decade at 50% margin

Diversified miner Anglo American reports that it maintained a strong performance this year, with high demand for diamonds and overall production up 7% on the back of particularly strong production of platinum group metals (PGMs); as well as the expectation of a further improvement in 2022. Unit costs also improved
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Rio Tinto and Star Diamond bury the hatchet

Diversified major Rio Tinto and Canadian junior Star Diamonds on Thursday announced a comprehensive resolution of their disputes, ending a protracted tussle over a joint venture (JV) project east of Prince Albert, Saskatchewan. The companies have agreed to revised JV arrangements that they said best position the JV to advance
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Finland: Pink Diamonds Found at Europe’s First Diamond Mine

Karelian Diamond Resources, which is exploring the Lahtojoki deposit on Finland’s eastern coast for diamonds, has announced the discovery of pink diamonds there, IDEX Online reports.   Credit: Rio Tinto   The Lahtojoki deposit “aims to develop as Europe’s first diamond mine outside Russia,” according to the report. In its
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Diamcor focusing on resumption of operations

With the continuation of the Covid-19 global pandemic, Canada-based junior miner Diamcor’s focus for the three months ended September 30 remained on maintaining reduced costs, the resumption of operations on an appropriate basis and the finalisation of Phase 1 of the company’s announced preparations for increased processing volumes in the
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