Alrosa discovers 22 new diamond deposits in Zimbabwe

Mining News Pro - Russian miner Alrosa PSJC has discovered 22 new diamond deposits in Zimbabwe, according to the southern African nation’s president, Emmerson Mnangagwa.

Petra Diamonds to pay dividends after three-year turnaround

Mining News Pro - Petra Diamonds said on Tuesday it would resume paying a dividend and launch a $150 million debt-cutting plan after stronger prices fuelled by sanctions on Russia’s Alrosa, the world’s top diamond miner by output, boosted its full-year profit.

Diamond-formation process inside earth’s core unveiled

Mining News Pro - Researchers at Arizona State University conducted a series of experiments where they compressed an iron-carbon alloy and water together to the pressure and temperature expected at the earth’s core-mantle boundary, melting the iron-carbon alloy.

South Africa mine dam wall collapses, killing one and injuring 40

Mining News Pro - Flooding caused by the collapse of a mine dam wall in South Africa’s Free State province swept away houses and cars on Sunday, the provincial government said, killing one person and injuring another 40.

Russian diamonds are quietly flowing again after sanctions chaos

Mining News Pro - The panic that gripped the diamond world this year is starting to unwind as sanctioned Russian mining giant Alrosa PJSC has quietly revived exports to near pre-war levels.

Lucara Diamond starts shaft-sinking at $547m Karowe mine expansion

Mining News Pro - Canada’s Lucara Diamond is moving towards the main shaft sinking phase at the underground expansion project of its Karowe mine in Botswana, which will extend the operation’s life until 2040.

The Australian diamonds that no one can see

Mining News Pro - Researchers working at the Clarke River Fault, west of Paluma in north Queensland, found the first metamorphic diamonds in rocks in Australia.

Botswana president sees progress on diamond pact with De Beers

Mining News Pro - Botswana and De Beers Plc are working out the “finer” details of a new diamond-sales pact and the southern African nation’s government is confident a deal will be struck, President Mokgweetsi Masisi said.

Botswana president sees progress on diamond pact with De Beers

Mining News Pro - Botswana and De Beers Plc are working out the “finer” details of a new diamond-sales pact and the southern African nation’s government is confident a deal will be struck, President Mokgweetsi Masisi said.

Pangolin Diamonds to buy Amulet’s assets in Botswana

Mining News Pro - Canada’s Pangolin Diamonds (TSX-V: PAN) has unveiled an agreement with Amulet Diamond Corp to buy all issued and outstanding shares of the company’s subsidiary in Botswana for a nominal figure.

Fifty-thousand-year-old diamonds may be used to design ultra-hard yet malleable electronics

Mining News Pro - An international team of scientists discovered that diamonds formed during a high-energy shock wave from an asteroid collision around 50,000 years ago have unique and exceptional properties, caused by short-term high temperatures and extreme pressure.

Hundreds of hectares of pristine rainforest destroyed by illegal mining in Venezuela

Mining News Pro - Over 1,200 hectares of pristine rainforest in Venezuela’s southern Bolívar state have been destroyed by unregulated mining operations and other illegal activities taking place within the so-called Orinoco Mining Arc.

China backs Russia in opposing bid to redefine conflict diamonds

Mining News Pro - China has joined Russia in opposing an effort to redefine conflict diamonds to include those sold by individual nations, as a rift between Western and pro-Russia nations jeopardizes the process for certifying rough diamonds as conflict-free.

Russia eyes new rules on state’s gold, gem sales amid war

Mining News Pro - Russia’s government and parliament are seeking to change rules on the sales and management of the state’s precious metal and gem stockpiles amid the war with Ukraine.

Alrosa nixes dividend as economic sanctions bite

Mining News Pro - The board of Russian diamond major Alrosa (MCX: ALRS) has suggested shareholders vote to receive no dividend for 2021 during the upcoming general meeting.

De Beers rises small diamonds price amid shortage

Mining News Pro - De Beers, the world’s top diamond producer by value, has once again increased the price of its smaller stones as sanctions on Alrosa (MCX: ALRS), its Russian rival, have worsened a global shortage caused by two years of covid-related shutdowns.

Mountain Province discovers kimberlite in three target areas at Kennady North

Mining News Pro - Mountain Province Diamonds has released interim exploration results for its 100%-held Kennady North project in Northwest Territories, consisting of over 107,000 ha of claims and leases that completely surround the Gahcho Kué diamond mine.

Global diamond trade fractures under the weight of Russia sanctions

Mining News Pro - Russia’s invasion of Ukraine is fracturing a billion-dollar trade that spans the permafrost-laden diamond mines of Siberia, secretive trade houses in Antwerp, dusty polishing powerhouses in India and New York’s glittering designer jewelry stores.

Diamond prices are spiking and even De Beers can’t fill the gap

Mining News Pro - Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time.

Record price tipped for largest white diamond

Mining News Pro - The largest white diamond ever auctioned will go under the hammer in Geneva this week, part of a sale by Christie’s that features two stones weighing more than 200 carats each.

Diamond prices are spiking and even De Beers can’t fill the gap

Mining News Pro - Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time.

Star Diamond confirms Type IIa high value diamonds at Orion North

Mining News Pro - Star Diamond has completed a study into the abundance of Type IIa diamonds in parcels recovered from the Early Joli Fou (EJF) geological units at the Orion North (K120, K147 and K148) and Taurus kimberlites (K118, K122 and K150).

Russia says it may buy diamonds from sanctions-hit Alrosa

Mining News Pro - Russia may buy an as yet undetermined amount of rough diamonds from sanctions-hit producer Alrosa through its state precious metals and gems repository Gokhran, the country’s Finance Minister Anton Siluanov said on Wednesday.

The diamond world is scrambling to keep buying Russian gems

Mining News Pro - US sanctions on Russia’s giant diamond miner are causing chaos through the industry, leaving traders and manufacturers hunting for workarounds to keep tapping one of the world’s main sources of precious gems.

De Beers back to search for diamonds in Angola

Mining News Pro - De Beers, the world’s largest diamond miner by value, has inked two mineral investment deals with the Angolan government granting the company exploration rights for 35 years in the country’s northeast.

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