Industry News

September 11, 2019

Stornoway Diamond Corporation’s major lenders have agreed to take over the company amid mounting debts that prompted the miner to file for protection from creditors.

The owner of the Renard mine in Quebec is seeking to restructure under the Companies’ Creditors Arrang...

July 25, 2019

De Beers is studying how to eliminate the carbon footprint of diamond mining by storing the emissions inside kimberlite, it said Wednesday. 

The miner recently received a government grant of CAD 675,000 ($514,000) to test the process at its Gahcho Kué mine in Canada,...

July 21, 2019

Production at Gahcho Kué dropped 10% year on year to 1.7 million carats in the second quarter, as mining took place in a lower-grade portion of the deposit. 

“The grade variance year over year is mainly a function of mining lower-grade-ore tonnes in [the second quarte...

July 14, 2019

Rough prices slumped for Stornoway Diamond Corporation in the second quarter, as market weakness dented demand for the miner’s range of goods. 

The average price of the company’s sales slid 18% to $76 per carat in the three months ending June 30, compared with $93 per...

June 30, 2019

The discovery of a new source-rock indicator for diamond formation has the potential to help geologists locate and identify valuable diamond deposits around the world, a study by the University of Alberta and De Beers shows. 

“The outcome of the project fundamentally...

June 12, 2019

Geologists have discovered the first new kimberlite pipe in over 20 years at the Gahcho Kué mine in Canada, shareholder Mountain Province reported Tuesday.

The find comes nearly three years after production launched at Gahcho Kué, a joint venture between Mountain Prov...

June 12, 2019

Stornoway Diamond Corporation is looking for investors to help salvage its Renard mine as the company continues to incur high financial losses. 

The miner called for offers to purchase its Canada operations after receiving $11.7 million in bridge financing – a short-t...

June 2, 2019

Diamond production at De Beers’ Victor Mine in Canada, which was opened in July 2008, has come to an end, the group has said.  


It said the last economic ore was processed through the plant last week, followed by several days of low-grade ore and limestone to help...

June 2, 2019

Junior diamond miner Mountain Province Diamonds published a forward looking report on the prospective Faraday 2 diamond mining project. The report said the future mine holds 5.45 million carats of diamonds contained in 2.07 million tonnes of kimberlite, with an overall...

May 13, 2019

Shares in Mountain Province rose 12% Friday after it increased its production guidance for the Gahcho Kué deposit. 

The Canada-based miner has made plant modifications at the site that will allow it to process between 3.2 million and 3.3 million tonnes of ore in 2019....

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