Diamonds

Optimism remains for investment in Northwest Territories 

Source: Print Archives | 2016-01-20
VANCOUVER — The Northwest Territories, which has led Canada in diamond and tungsten production, became a single-commodity producer in late 2015 after North American Tungsten (CVE: NTC) closed its Cantung Mine, 300 km from Watson Lake,...

Euromax sees a bright future for mining in Macedonia 

Source: Print Archives | 2016-01-13
It's full steam ahead for aspiring miner Euromax Resources (TSXV: EOX) in Macedonia, as the company positions its Ilovica copper-gold porphyry deposit, 15 km west of the border with Bulgaria, to become the European country’s first...

Dominion Diamond grapples with activist shareholders 

Source: Print Archives | 2016-01-13
Yellowknife-based Dominion Diamond (TSX: DDC; NYSE: DDC) is the latest Canadian miner to land in the cross hairs of activist shareholders. On Dec. 21, Toronto-based hedge fund K2 & Associates Investment Management emailed a letter...

Commentary: Thank you De Beers, for doing the unthinkable 

Source: Print Archives | 2015-12-30
De Beers deserves a huge thank you from northerners for doing what many might believe is the unthinkable. Let me be the first to say it: “Thank you De Beers for Snap Lake.”

Short-term challenges remain for diamond sector 

Source: Print Archives | 2015-12-30
The long-term outlook for the diamond market is positive — with demand expected to outpace supply starting in 2019 — but in the short-term, the outlook remains challenging, the Antwerp World Diamond Centre and Bain & Co. state...

Editorial: Top stories of 2015 

Source: Print Archives | 2015-12-30
Phew, was 2015 a tough year for miners! As we look back and tie a bow around the fourth year of the downturn in commodity prices and the mining sector, we see an industry in defensive mode, spending more time and energy reacting to harsh,...

TSX posts small gains, Dec. 18-22 

Source: Print Archives | 2015-12-30
The Toronto stock market ended in positive territory, with the S&P/TSX Composite Index gaining 0.5% to close at 13,082.86. The S&P/TSX Global Mining Index climbed 4.5% to 43.70, while the S&P/TSX Capped Diversified Metals &...

Anglo American's radical rethink 

Source: Print Archives | 2015-12-16
VANCOUVER — Anglo American (US-OTC: AAUKY; LSE: AAL) intends to shrink the number of its employees by 63%, suspend its dividend, and close, sell or mothball its cash-flow negative assets to adapt to deteriorating market conditions.

Diamond glut 'not as catastrophic' as people believe: Lucara CEO  

Source: Print Archives | 2015-12-02
After a decent 7% increase in 2014, rough diamond prices have fallen for the past year, prompting diamond equities to follow.

Lucara finds 1,111-carat diamond in Botswana

Source: Daily News | 2015-11-23
Lucara Diamond (TSX: LUC) recently made history by unearthing the world’s second-largest diamond from its flagship Karowe diamond mine in Botswana.

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