MINING.COM

Rio’s Zimbabwe spin-off to acquire Murowa diamond mine

Zimbabwean miner RioZim Limited is negotiating with global giant Rio Tinto in an attempt to acquire the now jointly own Murowa diamond mine in the in south central region of the country.

Cecilia Jamasmie | May 24, 2012 | 6:05 pm

Stornoway splashing $28.4 million for Renard engineering

Stornoway Diamond Corp will spend $28.4 million to advance its Renard diamond project in northern Quebec, the Vancouver-based company (TSX:SWY) announced yesterday.

MINING.com Editor | May 24, 2012 | 5:32 pm

De Beers leading efforts to rescue illegal miners at abandoned mine

De Beers on Wednesday launched rescue efforts for diggers who have been trapped after an illegally excavated tunnel collapsed in the diamond giant's abandoned Namaqualand mining area.

MINING.com Editor | May 23, 2012 | 5:15 pm

The right cut: Dreams made of diamonds

The Montreal Gazette interviews Gevorg Mkhitaryan, owner of a small diamond polishing operation, who was part of a group of about 60 Armenian diamond cutters and polishers brought to the Northwest Territories to work in Canada's Yellowknife’s nascent diamond processing industry.

Montreal Gazette | May 22, 2012 | 4:51 pm

DiamondCorp agrees on a $33.6 million loan deal with South Africa’s IDC

African DiamondCorp (LON:DCP) said its 74% owned Lace Diamond Mines, the company's primary asset in South Africa, has entered into a loan funding term sheet with the Industrial Development Corporation of South Africa Limited (IDC), the company announced Monday.

Cecilia Jamasmie | May 22, 2012 | 4:21 pm

Rio Tinto donates $12 million biggest pink diamond to a museum

London-based diversified miner Rio Tinto (LON & NYSE:RIO) is donating the biggest pink rough diamond ever discovered, found earlier this year at its Argyle mine, to an Australian museum in Melbourne, reports The West.

Cecilia Jamasmie | May 22, 2012 | 1:17 pm

Is post-Taylor diamond mining in Sierra Leone clean?

Charles Taylor, was convicted in April of war crimes for arming Sierra Leone's rebels in return for blood diamonds. Taylor is now awaiting sentencing and the BBC tries to find out if mining in the country is now “clean”.

MINING.com Editor | May 21, 2012 | 9:50 pm

Junior resource investment in a financial meltdown – the Good, the Bad and the Ugly

Rick Rule's presentation at the New York Hard Assets Conference earlier this week sees some light for the informed junior resource investor despite current patterns which have mostly been Bad or Ugly!

Mineweb | May 19, 2012 | 8:53 am

Graff Diamonds IPO should catapult the diamond king up the billionaires list

Laurence Graff, the undisputed king of uber-expensive diamonds, will earn a tidy $290 million windfall when he restructures his Mayfair-based company and will vastly boost his paper wealth when Graff Diamonds lists in Hong Kong for as much as $4 billion.

Frik Els | May 18, 2012 | 8:58 pm

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Last

India’s biggest holiday boosts De Beers rough diamond sales

Scientists find evidence for the formation of thinnest possible diamond

Rio Tinto unveils its largest red diamond

Caterpillar earnings beat estimates, shares hit five-year high

South Africa labour disputes weigh on Petra Diamonds results

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