De Beers‘ Victor and Snap Lake mines in Canada, which began their closure in 2019 and 2022, respectively, are reaching the end of their “active closure” processes, Rough & polished reports. Most of the infrastructure at the Victor mine has already been removed, and all of the Snap Lake
Tag: Israeli Diamonds
Arctic Canadian Diamond Company (ACDC) , the current owner of the Ekati Diamond Mine in Canada, has announced that it sold the mine to Burgundy Diamond Mines for $136 million, according to IDEX Online. ACDC acquired the mine, located 200 km south of the Arctic Circle, from Dominion Diamonds
Diamcor Mining has recovered a 45.15-carat rough diamond at its Krone-Endora at Venetia project in South Africa, according to a report in Mining Weekly. In mid-February, Diamcor unearthed a 72.53 carat gem-quality stone at the same mine. According to Diamcor, the recovery of the two large stones, “along with
Botswana Diamonds has announced that it expects “the first recoveries of diamonds” at its Marsfontein mine in South Africa this month, Rough & Polished reports. The alluvial and dump mine, which was initially expected to produce diamonds in February, has seen the excavation of about 1,500 tonnes of alluvial
A senior policy advisor in Botswana’s Finance Ministry has stated that his country expects its diamond production to remain flat in 2023 “due to a contraction in consumer spending and weaker demand for diamond jewelry,” Mining Weekly reports. While overall mining output rose by 8.2% in 2022, gains in
Majhgawan-Panna, India’s only diamond mine which was shot down at the end of 2020, will resume production in July 2023 “with a forecast output of up to 84,000 carats a year,” IDEX Online reports. Majhgawan-Panna, located near the town of Panna in Madhya Pradesh, was closed after environmental clearances