Here’s what Canada needs to regain leadership in mineral exploration and mining

With Japan the third biggest buyer of global jewellery, Tuesday was a tough day for London-listed Gem Diamonds to announce results.

Metalex Ventures (TSX:MTX) recovered a 0.72 carat white diamond from its James Bay lowlands project in Quebec — a joint venture between Metalex and Arctic Star Diamond Corp. (TSX:ADD). The B.C.-based company made the announcement on Friday among its latest drill results from the 9.3-hectare U2 kimberlite pipe. The discovery was made on the third of 11 drill holes, and Metalex indicated another 0.72-carat stone has been recovered from the fourth hole.

Stornoway Diamond Corporation and Hunter Exploration Group have provided new microdiamond results from the AV9 kimberlite and the related Eastern Sheet Complex […]

Diamond Fields International Ltd. has been advised by Spirit Resources Sarl that it intends to acquire additional shares of the Company through an ordinary course purchase program for up to additional 5% share of DFI from time to time, over the next twelve months

Peregrine Diamonds completed a non-brokered private placement of 3,000,000 common shares at a price of $2.80 per share for proceeds of $8.4 million. Proceeds will be used for mineral exploration projects in Canada.

Rio Tinto’s Zimbabwe diamond unit  is showing a 43 percent increase in output, Reuters Africa is reporting: Diamond output from global miner […]

CBC News is reporting that a huge diamond from the Ekati mine in northern Canada was auctioned off in Belgium for $6 […]

Edmonton-based Shear Diamonds Ltd. has signed a mutual cooperation agreement with Nunavut Resources Corp. for development of the Jericho Diamond Mine in […]

Diamond mining giant De Beers may spend up to US$1.4 billion to extend the life of South Africa’s biggest diamond mine, Bloomberg […]