Category: Mining

Weak Rough Prices Hit Ekati Sales

Lower volume also affected revenue.

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

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

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

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

94% of lots offered at Dubai sale found buyers.

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

Miner paused production after workers died in plane crash.

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

Miner has been sampling kimberlites closer to Cacuilo River in hopes of locating major rough source.

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