Kennady plans mini-bulk sample
Spun off from Mountain Province Diamonds (TSX: MPV; MDM: NYSE-MKT) in 2012, Kennady Diamonds (TSXV: KDI) has delivered well above expectations at its Kennady North…
Mountain Province Diamonds Inc
U.S. markets, June 3-7
Markets rallied mainly on statistics from the U.S. Labor Department showing 175,000 jobs were added in May, up from 149,000 in April. The Dow Jones Industrial Average inched up 0.88% to 15,248.12, while the S&P 500 Index rose 0.78% to…
Treasure Hunters: The latest from Canadian-listed diamond explorers, developers and miners
The markets continue to be tough for diamond companies at nearly every stage, with diamond prices having taken a tumble in 2012. Here’s a look…
Partners move Gahcho Kué forward
Mountain Province Diamonds (MPV-T, MDM-X) and De Beers completed ice road deliveries to the Gahcho Kué diamond joint venture, 300 km northeast of Yellowknife in…
U.S. Markets, April 1 – 5
The S&P 500 Index hit an all-time closing high early in the trading week at 1,570.25 points, but disappointing jobs data released on April 5 sent the index down 1% for the week to 1,553.28. The Dow Jones Industrial Average closed down 0.10%…
Unable to go big, BHP and Rio Tinto go home
In the space of just a few months, both BHP Billiton (BHP-N, BLT-L) and Rio Tinto (RTP-N, RIO-L) announced they were reviewing their diamond businesses….
Roughing it: A roundup of diamond juniors
Afri-Can Marine Minerals (AFA-V) completed a sampling program last April at the EPL 3403 seabed diamond project off the coast of Namibia. The company recovered…
Anglo takes the reins at De Beers
As global diversified miners BHP Billiton (BHP-N, BLT-L) and Rio Tinto (RTP-N, RIO-L) look to step out of the diamond business, a third, Anglo American…
Mountain Province Diamonds raising $47M for Gahcho Kué
To pay its share of initial capital costs at the $550-million Gahcho Kué diamond project, in the Northwest Territories, Mountain Province Diamonds (MPV-T, MDM-X) is…
New NWT Premier looking to revive mineral investments
Two recent news items have underscored the divergent futures of the Northwest Territories (NWT) and Canada’s other two territories. On one side, BHP Billiton (BHP-N) announced possibly selling its Ekati diamond mine in the Northwest Territories…
De Beers sale to shake up industry
Anglo American’s (AAL-L) agreement to pay $5.1 billion in cash for the Oppenheimer family’s 40% stake in De Beers will have a profound impact on the diamond industry, executives and analysts say.
Anglo American to buy Oppenheimer’s stake in De Beers
Anglo American’s (AAUK-Q, AAL-L) agreement to pay $5.1 billion in cash for the Oppenheimer family’s 40% stake in De Beers will have a profound impact on the diamond industry, executives and analysts say.