Industry News

July 28, 2019

Rio Tinto's planned closure of the Argyle mine in 2021 is set to reduce Australia's rough diamond output by 99 percent, GlobalData anticipates. The mining output will decline to just 137,000 carats from the current level of 14.2 million carats.

GlobalData reported...

July 17, 2019

Diamond production at Rio Tinto dropped 10% year on year in the first half of 2019, as the miner recovered lower-grade ore at its Argyle mine in Australia. 

The company’s share of production at the Argyle and Diavik mines came to 8.3 million carats for the six months...

June 9, 2019

Lithoquest Diamonds has commenced the 2019 field programme on its wholly-owned North Kimberley Diamond Project in Western Australia. 

The budget for the 2019 programme will vary depending on the amount of drilling conducted but is expected to total approximately A$2 mi...

February 19, 2019

Lucapa Diamond Company has failed to recover rough stones with sufficient commercial value from the Little Spring Creek exploration site at its Brooking lamproite mine in Western Australia, it said Monday. 

The miner launched its Brooking project in October, and has s...

January 22, 2019

Recovery of lower-grade ore at Rio Tinto’s Argyle and Diavik mines led to a 15% drop in the company’s diamond production to 18.4 million carats in 2018. 

Output at the Argyle asset in Australia slid 18% to 14.1 million carats for the full year, Rio Tinto reported Frid...

October 16, 2018

Recovery of lower-grade ore at Rio Tinto’s Argyle and Diavik mines led to a 17% drop in production in the third quarter.

Output came to 4.9 million carats for the three months ending September 30, the company said Tuesday. The Argyle asset in Australia yielded 3.8 mill...

August 27, 2018

The Western Australian government is looking for experienced companies to operate the Ellendale mine, famous for its fancy-yellow diamonds. 

On offer are Ellendale’s E4 and E9 pits, storage facilities and infrastructure, which belonged to Kimberley Diamond Company bef...

August 2, 2018

Diamond sales at Rio Tinto fell 5% to $323 million in the first half of the year, the miner reported Wednesday. 

Net profit for the division nearly tripled to $55 million from $19 million a year ago. Production increased 9% to 9.2 million carats primarily due to highe...

July 19, 2018

Rio Tinto reports rough diamond output at its Argyle Mine in Australia nearly hit 3.5 million carats for the second straight quarter in 2018 (3.48 million carats in Q2, 3.5 million carats in Q1), marking an 8% increase over output in the second quarter of 2017 and cont...

April 10, 2018

Lucapa Diamond Company has raised $12.7 million (AUD 16.5 million) to proceed with an aggressive drilling and exploration program at its Brooking project in Western Australia. 

The funding — which came from a major new investor, as well as current shareholders — will...

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