Category: Mining

Mountain Province Asks Shareholders for More Money to Run Business

Dunebridge will lend miner additional $10 million.

De Beers Expects First-Half Loss Following ‘Stock Rebalancing’ 

Offloading inventory at reduced margins supported sales amid difficult market conditions.

Gem Diamonds to Cut 20% of Workforce, Reduce Salaries

Letšeng mine owner has also curbed production and sales guidance for the full year.

Ekati Owner Lays Off ‘Several Hundred’ Employees, Closes Part of Deposit 

Burgundy Diamond Mines will temporarily cease operations at Point Lake open pit until market recovers.

Rio Tinto Output Spikes as Operations Normalize

Production up 76% year on year in second quarter following temporary shutdown a year ago.

Mountain Province Revenue Slides as Rough Prices Fall

Production also drops amid processing of lower-grade ore.

Alrosa Begins Mining at New Diamond Pipe

Deposit is third of six kimberlites in the area, thought to contain more than 40 million tonnes of ore bearing rough stones.

Mothae Mine Owner Furloughs 400 Workers

Employees have suffered 50% pay cut, local union says.

Liquidators Put Canada Diamond Mine Up for Sale  

Winsome Resources has declined to purchase Stornoway for its lithium project.

Rio Tinto Mine Recovers Rare Purple Diamond

Miner finds 0.45-carat “makeable” gem at Diavik.

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