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Zimbabwe's parliament orders Mugabe to answer questions over diamonds

Zimbabwe's parliament has ordered former leader Robert Mugabe to answer questions next month about whether the state was deprived of $15 billion in diamond revenue, a legislator said on Friday.It will be Mugabe's first public appearance since last November when the army deposed him in a de facto coup after nearly four decades in power and...

World's top diamond producer first-quarter output hit by mine accident

Alrosa (MCX:ALRS), the world's top diamond producer by output, saw its total production fall by 17% in the first three months of the year mainly due to the halt of its Mir underground mine and lower-grade ores processed from the Jubilee pipe.The Russian miner produced 7.4 million carats in the quarter, compared with 8.9 million carats in...

Trans Hex to dispose of Lower Orange River operations

JOHANNESBURG (miningweekly.com) – JSE-listed diamond mining company Trans Hex’s subsidiary Trans Hex Operations (THO) has entered into an agreement to sell its Lower Orange River (LOR) operations – the Bloeddrif and Baken mines – to black women-owned LOR Diamonds for R72-million.The agreement includes the disposal...

Company Press Releases

Lucara 2018 First Quarter Results to Be Released Tuesday, May 8, 2018

VANCOUVER, British Columbia, April 19, 2018 (GLOBE NEWSWIRE) -- Lucara Diamond Corp. ("Lucara" or the "Company") (TSX:LUC) (BOTSWANA:LUC) (NASDAQ OMX Stockholm:LUC) announces that it will be publishing its 2018 First Quarter results on Tuesday, May 8, 2018, after the market close in North America. The...

Mountain Province Diamonds Results of Third Diamond Sale of 2018

TSX and NASDAQ: MPVD TORONTO and NEW YORK, April 18, 2018 /CNW/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces the results of its recently completed third diamond sale of 2018. The results of the third tender sale, with preceding sale results for comp...

Mountain Province Diamonds Results of Third Diamond Sale of 2018

TORONTO and NEW YORK, April 18, 2018 /PRNewswire/ -- TSX and NASDAQ: MPVD  Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces the results of its recently completed third diamond sale of 2018. The results of the third tender sale, with preceding sale res...

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Diamond mining news

Newfield acquires Stellar Diamonds for $23.6 million

Newfield's acquisition allows for mining the combined and contiguous Tongo and Tonguma concessions, which is expected to create one of the largest diamond mines in West Africa, with an estimate resource of 4.5 million carats. The boards of both companies believe the combination would create an

Government not exporting diamonds to Botswana, says ZCDC

The Zimbabwe Consolidated Diamond Company (ZCDC) has disputed reports that it is exporting diamonds to Botswana, but says it is drawing lessons from a neighbouring country's mining and processing of the gems. ZCDC CEO, Morris Mpofu, said the government had facilitated engagement with entities

Diamcor Mining Announces Private Placement

Diamcor Mining Inc. is a fully reporting publically traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa

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North Arrow Confirms Yellow Diamond Population in Q1-4 Kimberlite is Real'

After a trading halt midway through the day on Thursday, North Arrow Minerals (TSXV:NAR) released an update on the processing of a bulk sample from its Nunavut-based Qilalugaq diamond project. The bulk sample, which was collected in July and August of last year from the Q1-4 kimberlite, weighs about 1,500 tonnes, and so far initial diamond recovery data has been gathered for about 46 percent of it. From that amount, 5,366 diamonds greater than +1 DTC and weighing 189.97 carats have been recovered.Of that number, 17 diamonds are larger than 0.6 carats, while eight are larger than 1 carat. To date, the largest three diamonds are a 4.42-carat greenish-yellow cubic aggregate, a 4.16-carat intense yellow cubic aggregate and a 3.53-carat pale yellow cubic aggregate. By stone count, yellow diamon...

Kennady Boosts Tonnage Estimate for Kelvin-Faraday Kimberlite Corridor

At Cambridge House International's recent Vancouver Resource Investment Conference (VRIC), John Kaiser of Kaiser Research spoke to Resource Investing News about the positive price outlook for diamonds, but noted that it's been tough for juniors in the space to get exploration funding. That said, he also identified a number of companies that have been successful in that regard, pointing to Peregrine Diamonds (TSX:PGD), Mountain Province Diamonds (NASDAQ:MDM) Stornoway Diamond (TSX:SWY), Shore Gold (TSX:SGF) and Kennady Diamonds (TSXV:KDI) as a few examples.Thursday, investors got a look at what that last company has been up to with the cash it's been able to bring in. Kennady announced that day that it's been able to increase the tonnage estimate for its Kelvin-Faraday kimberlite corridor t...

The upside to the downturn: extraordinary value' for selective investors

There's no doubt that the past few years have been tough on junior miners and those who invest in them. So tough in fact that the World Resource Conference put together each June in Vancouver by Cambridge House has been rebranded as the Canadian Investor Conference, with small-cap tech and "diversified" companies - including those juniors that have recently migrated to the burgeoning medical marijuana sector - invited in to shore up the exhibitors' list and bring in more investors. But while it's easy to dwell on the hardships exploration companies and those who invest in them have had to endure for the past three years, there is an upside to the junior mining industry's current malaise. A panel at the conference, which took place June 1-2, laid out several positives for investors who are...

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