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Stornoway Adds Large Diamond Recovery Capacity to Plant Design
Stornoway Diamond Corporation optimized its plant design for the Renard diamond project in order to add large diamond recovery capacity early in the project. In January 2013, the plant's optimized feasibility study contemplated a diamond...
Mining Oct 20, 2014 Jeff Miller
GIA Researchers Visit Emerald Mines in Zambia
Press Release: In September 2014, a team of field researchers from the Gemological Institute of America (GIA) traveled to Zambia to collect emerald samples for the Institute’s gem identification database and to document the current state of Kagem,...
Research Oct 20, 2014 GIA
ALROSA's Udachniy mine
ALROSA's 3Q Production -2%
ALROSA sold approximately $1 billion worth of diamonds during the third quarter that ended on September 30, according to the company's preliminary estimate. ALROSA sold 5.3 million carats of gem-quality goods with an average price of $182...
Mining Oct 20, 2014 Jeff Miller
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
The following lists diamond-industry public companies and their share price changes for the week ending October 15 at 4 p.m. Oct. 15 Oct. 8 Chng. $1 = Euro 0.780 0.786 -0.006 $1 = Rupee 61.56 61.06 0.5...
Financial-Legal Oct 15, 2014 Rapaport News
Diavik Diamond Mine, Courtesy: Diavik Diamond Mine
Diavik Diamond Mine Production Flat in 3Q
Dominion Diamond Corporation reported that Diavik's rough production was flat year on year in the third quarter at 1.67 million carats. However, production for the first nine months of the year was up 10 percent to 5.69...
Mining Oct 15, 2014 Jeff Miller
Peregrine Diamonds
Peregrine Diamonds Closes $15M Rights Offering
Peregrine Diamonds Ltd. announced that its rights offering of $15,103,535, which was announced on August 25, has been completed in full. An aggregate of 71,921,597 units, each unit comprised of one common share and one warrant,...
Financial-Legal Oct 08, 2014 Jeff Miller
Duas Barras Diamond Recovery Plant
Brazil Minerals Completes Purchase of Mineração Duas Barras
Brazil Minerals Inc. purchased and formally received title to the remainder of Mineração Duas Barras Ltda., an alluvial diamond and gold concession. Marc Fogassa, the chairman and CEO of Brazil Minerals, said, "Our original...
Mining Oct 07, 2014 Jeff Miller
Duas Barras Diamond Recovery Plant
Brazil Minerals Anticipates 14% Increase in 3Q Revenue
Brazil Minerals Inc. anticipates that revenue will increase 14 percent year on year to $303,000 during the third quarter, according to a preliminary filing statement. Revenue was derived from the sale of rough diamonds, gold and...
Mining Oct 01, 2014 Jeff Miller
gahcho kue
Mountain Province Arranges $89M in Private Placements
Mountain Province Diamonds Inc. entered into an agreement with a syndicate of underwriters, led jointly by BMO Capital Markets, RBC Capital Markets and Scotia Capital Inc., under which the underwriters agreed to buy, on a bought-deal basis...
Mining Sep 30, 2014 Jeff Miller
true north gems
True North Inaugurates Construction on Aappaluttoq Ruby Mine
True North Gems Inc. has mobilized equipment to inaugurate construction of the Aappaluttoq ruby and pink sapphire project located in southwestern Greenland. "This exciting announcement marks the continuation of a very successful transition year for...
Mining Sep 23, 2014 Jeff Miller
Bristol Bay Gold Mine Boycott
Public Comments Flood Into the EPA to Protect Bristol Bay From Pebble Mine
Press Release: The U.S. Environmental Protection Agency (EPA) received approximately 700,000 comments in support of its plan to use its Clean Water Act authority to restrict mine waste disposal from the Pebble mine proposed...
Marketing Sep 22, 2014 Earthworks
Gemfields Records $16M Profit
Gemfields plc. reported that revenue rose to $160.1 million for the fiscal year that ended on June 30, far surpassing revenue of $48.4 million one year earlier. The integrated gemstone mining company's profit...
Gemstones Sep 22, 2014 Jeff Miller
Rockwell Diamonds
Rockwell's 2Q Production +36%, Sales +55%
Rockwell Diamonds' production rose 36 percent year on year to 9,581 carats in the second fiscal quarter that ended on August 31, while the value of its diamond sales rose 55 percent to $13.2 million. The company sold...
Rough Markets Sep 22, 2014 Jeff Miller
Petra's Two Finsch Diamonds
Petra Diamonds' Profit Jumps to $68M
Petra Diamonds' revenue increased 20.2 percent year on year to $471.8 million for the fiscal year that ended on June 30. Group profit jumped to $67.5 million compared with $27.9 million one year earlier....
Mining Sep 18, 2014 Jeff Miller
Stornoway Reports Progress on Renard Construction, 1Q Loss of $12M
Stornoway Diamond Corporation reported a loss of $11.5 million during the first quarter that ended on July 31, and the company held cash and cash equivalents of $438.3 million. The junior mining company completed...
Mining Sep 16, 2014 Jeff Miller
Kennady Diamonds to Raise $5M From Private Placement
Kennady Diamonds Inc. is arranging a non-brokered private placement to raise approximately $5 million through the issuance of common shares at a price of $6.50 each. The placement is expected to close on or about September 30 and is subject to regulatory approval.Kennady Diamonds' major...
Financial-Legal Sep 16, 2014 Jeff Miller
De Beers Diamond Sorting
De Beers: Global Diamond Jewelry Demand Reaches $79B in 2013
Press Release: Global demand for diamond jewelry reached a record high of $79 billion in 2013, according to the inaugural "Diamond Insight Report," published today by the De Beers Group of Companies. (View the interactive report.)Demand is expected...
Research Sep 16, 2014 De Beers
Diamcor Receives Mining Right for Krone-Endora at Venetia
Diamcor Mining Inc. received a 30-year term mining right for the Krone-Endora at Venetia project this week from the South African Department of Mineral Resources. The deal also grants Diamcor the exclusive right...
Mining Sep 12, 2014 Jeff Miller
Gem Diamonds Opens Its Underground Ghaghoo Mine
Gem Diamonds Limited opened the Ghaghoo diamond mine in Botswana, the first underground diamond mine in the country and the company's second major producing diamond mine -- the first of which is Letšeng in Lesotho. Gem...
Mining Sep 05, 2014 Jeff Miller
Botswana to Inaugurate Diamond Mine on Bushmen Ancestral Land
Survival International condemned Botswana for opening a diamond mine on Bushmen ancestral land, nearly a decade after the government stated there were no plans to mine the Central Kalahari Game Reserve. The Ghaghoo diamond mine,...
Mining Sep 04, 2014 Jeff Miller
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