Zimbabwe diamond miner expects demand bounce after virus turmoil
Mining News Pro - Zimbabwe’s second-largest diamond miner sees demand picking up, after the coronavirus pandemic forced RioZim to halt sales in March amid slumping gem prices.
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Coronavirus pushes Q2 net profit of Russian diamond miner Alrosa down 98%
Mining News Pro - Russian State-controlled diamond producer Alrosa said on Friday that its second-quarter net profit fell by 98% year on year to 300-million roubles ($4-million) as the novel coronavirus outbreak hit demand for precious stones.
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Canadian diamond miner issues new 2020 guidance
Mining News Pro - Canadian diamond miner Mountain Province Diamonds has provided a new guidance for 2020, as CEO Stuart Brown says that demand for rough diamonds is starting to show signs of interest.
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Congo suspends board and management of State diamond miner MIBA
Mining News Pro - The Democratic Republic of Congo has suspended the board of directors and management of state-controlled diamond mining company MIBA, after an audit revealed significant irregularities, the government said in a statement.
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Sierra Leone community’s suit against diamond miner shows activist trend
Mining News Pro - At the foot of a slag heap some 40 metres high, Adi Kalie Bangura showed the black welts that dot his arms and legs that he says are the result of drinking and bathing in water contaminated by Sierra Leone’s largest diamond mine.
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Russian and Zimbabwe state-owned diamond miners form JV
Mining News Pro - The world’s top diamond producer by output, Alrosa (MCX:ALRS), and the Zimbabwe Consolidated Diamond Company have signed a joint venture agreement to develop diamond deposits in Zimbabwe.
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Quebec diamond miner ends 2018 in the red
Mining News Pro - The low price environment in which the Renard diamond mine began its operations two years ago is continuing to affect the company operating the Quebec-based mine, with Stornoway Diamonds ending 2018 in the red.
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Zimbabwe’s government to give mining claims to artisanal diamond miners
Mining News Pro - The president of Zimbabwe Miners Federation, Henrietta Rushwaya, announced that villagers living around the Marange diamond fields in the eastern Manicaland province will be allocated claims to extract gems as part of government plans to empower the communities through mining.
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