Lucara Diamond lowers output target for the year, but pays divvy

A deal between Rio Tinto and Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of the Diavik Mine, might be around the corner.

Botswana Diamonds has recovered a 2-carat, low value, near gem quality stone, which confirms the diamondiferous potential of the deposit.

A strike by over a thousand employees of Anjin Investments has crippled the Chinese company's Zimbabwe-based diamond mine.

The Zimbabwe government has announced plans to implement total nationalization of the country's diamond industry.

Chinese producer of bauxite Bosai Minerals Group halted its operations in Guyana on Friday due to violent protests against the miner that left at least three deaths on Wednesday, said the President Donald Ramotar.

There is no end on sight to the mining boom in Australia, a country which mineral resources sector value is expected to reach $122.6 billion by 2016, growing at an annual average rate of 4.3%, reveals a study published Saturday.

The Democratic Republic of the Congo's new prime minister has ordered an investigation into the nation's mining industry after a damning report by an international watchdog found tens of millions of dollars a year in tax revenues were being lost in the system.

Profit for De Beers, the world's number two diamond producer after Russia's Alrosa, is down 53% for the first half of 2012 affected by worries over consumer demand and shortage of financing for cutters and polishers.

Kennady Diamonds Inc. (TSX-V: KDI) added 7% on Thursday after announcing the first new kimberlite discovery at the its 100%-owned Kennady North diamond project in Canada's Northwest Territories.