Lucara unearths 692-carat diamond at Karowe mine in Botswana
Lucara Diamond (TSX: LUC) has recovered its fourth diamond weighing over 300 carats this year from its Karowe diamond mine in Botswana — a 692.3-carat stone. The diamond, measuring 46.5…
Diamond
Mining personnel leaving Yellowknife as wildfires prompt evacuation order
Explorers and miners in the Northwest Territories are shifting focus to the safety of their staff and communities after the government ordered the evacuation of Yellowknife on Wednesday evening as…
Miners in NWT hunker down as emergency-level wildfires approach Yellowknife
Miners and explorers are scaling back or modifying operations in the Northwest Territories as severe wildfires prompted the government to declare a territory-wide state of emergency on Tuesday.An evacuation order…
Lucara shares up on report of fourth diamond recovery north of 1,000 carats
Lucara Diamond (TSX: LUC; BSE: LUC) shares rose by more than 12% Wednesday after it reported pulling a 1,080 carat diamond from its Karowe diamond mine in Botswana. It’s the…
Botswana Diamonds to begin production in South Africa
A test-run at Botswana Diamonds‘ (LSE: BOD) Marsfontein project in South Africa has positioned the company to begin commercial production at Thorny River later this year, it said on Thursday….
De Beers US$2.3B Venetia mine expansion yields first diamonds
De Beers, the world’s largest diamond producer by value, announced on Tuesday it had recovered the first diamonds from its new US$2.3-billion ($3 billion) underground operations at the Venetia mine in South…
Colombia takes aim at ‘mining disorder’ with proposal limiting activity in vulnerable ecosystems
Colombia’s government made public a draft decree aimed at setting new criteria for establishing temporary natural reserves within the context of mining and environmental regulations. The decree, which can be…
Lucara underground Karowe diamond mine cost jumps 25% to US$683M
Lucara Diamond (TSX: LUC) has increased total preproduction costs for its Karowe underground diamond mine expansion to US$683 million, a 25% rise over its earlier estimate of US$547 million in…
Petra Diamonds misses production target for 2023 on lower grades
Petra Diamonds (LSE: PDL) said Tuesday it had missed its diamond production target for fiscal 2023, while sales remained low due to weak demand. The diamond miner produced 2.67 million…
Video: New discoveries needed to revive Canada’s flagging diamond sector
Canada’s natural diamond market needs a new discovery to invigorate investor interest in a flagging industry, says sector heavyweight Eira Thomas. The Lucara Diamond (TSX: LUC) CEO says several diamond…
Lucapa Diamond achieves debt-free status
Australia’s Lucapa Diamond (ASX: LOM) said on Tuesday it had fully repaid all interest-bearing loans that it borrowed from gold company Equigold and the Industrial Development Corp. of South Africa (IDC). The company,…
Petra Diamonds flags revenue hit as it defers sale to August
Petra Diamonds (LSE: PDL) has postponed the majority of what would have been its sixth sale for its 2023 fiscal year due to what it calls “a temporary slowdown” in…