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Tag: Mining

Climate Crisis – and Opportunity: Greeneland is the Site of A Massive Treasure Hunt

The actual melting of Greenland is creating an opportunity for investors and mining companies “who are searching for a trove of critical minerals capable of powering the green energy transition,” according to a piece in CNN quoted by Rough & Polished.   Jeff Bezos, Michael Bloomberg, Bill Gates and other
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Lucapa’s 170-Carat Pink Gem – The Largest Found in 300 Years

Lucapa Diamond has found a rare 170-carat pink Type IIa diamond at its 40%-owned Lulo mine in Angola. According to Rough & Polished, the rare gem, dubbed “The Lulo Rose”, is “believed to be the largest pink diamond recovered in the last 300 years.”   The stone is the fifth
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Gem Diamonds Finds 114-Carat White Gem at Letšeng

Letšeng does it again: Gem Diamonds has announced the recovery of a high-quality 114-carat white Type I diamond from its 70%-owned Letšeng mine in Lesotho, IDEX Online reports.   This is the fourth diamond of 100+ carats recovered from the Letšeng mine in recent weeks. On June 11, Gem Diamonds
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De Beers’ Production Down in Q2, But Demand for Rough Remains Strong

De Beers’ rough diamond production fell 4% to 7.9-million carats in the second quarter of the year, “primarily owing to the treatment of lower-grade ore at operations in both Canada and Botswana,” Mining Weekly reports. Production guidance for 2022 increased to 32-34 million carats, from 30-million to 33-million carats.  
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Australia: Fancy Yellow Diamonds Found at Ellendale Mine

India Bore Diamond Holdings (IBDH) and Burgundy Diamond Mines, the new owners of the Ellendale mine, have unearthed “good quality diamonds,” including fancy yellow diamonds up to 0.663 carats, in the Australian mine. The average size, according to the report quoted by IDEX Online, was 0.41 carats,   The diamonds
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Alrosa Sticks to 2022 Production Forecast

Russian mining giant Alrosa is sticking to its forecast production of 34-35 million carats for 2022 despite sanctions and banking restrictions imposed on it by the US and the EU, IDEX Online reports.   According to the independent Russian news agency Interfax, Alrosa’s CEO Sergei Ivanov said: “I think we are
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