Category: Mining

Lucapa Unearths 176ct. Rough from Lulo Mine

Stone is fifth over 100 carats this year, and eighth-largest from deposit.

Weak Rough Prices Hit Ekati Sales

Lower volume also affected revenue.

Weak Demand Drives Down Mountain Province Revenue

Average price falls 39% to $74 per carat in second quarter.

De Beers Slashes Production Outlook

First-half sales and profit drop amid weak diamond market.

De Beers Sells Iron-Ore Royalty for Up to $150M

Offloading of Australian deposit is part of effort to streamline business.

De Beers Ponders Production Cut Amid Inventory Glut

Move will help miner better manage working capital and preserve cash in weak market, it said.

Grizzly Banks $32.5M from Latest Emerald Auction

94% of lots offered at Dubai sale found buyers.

Petra’s Sales Improve Amid Increase in Rough Offered

Ramp-up at Williamson mine and postponement of earlier tender boosted availability of goods.

Temporary Shutdown Dents Rio Tinto Output

Miner paused production after workers died in plane crash.

Star Diamond Buys Buffalo Hills Diamond Project

Miner pays $804,000 in stock to acquire 50% share it didn't already own.

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