Category: Mining

Ekati Owner Asks Canada Govt. for Help in Challenging Market

Without aid, Burgundy Diamond Mines will be forced to reconsider deposit, it says.

Miner’s sales up 13% year on year in 12 months ending June 30.

Move is an effort to manage costs in challenging market in lead-up to deposit’s closure.

Competition from another producer’s sale also affected revenue.

Development at Misery region likely to last “much longer than previously expected,” according to Burgundy Diamond Mines.

Lucara CEO William Lamb reacts to the company’s biggest discovery yet.

Miner recovered eight rough specimens over 100 carats in first half, compared to two during the same period a year ago.

Miner assesses options for selling world’s second-largest rough.

Diamond was originally part of 515-carat stone that broke into three pieces.

Continued slowdown led miner to $1.3 million deficit and 26% drop in average price.

The September issue looks at the spending trends, gemstones, and styles shaping retail shopping this festive season.