Mountain Province snubs potential diamond suitors – for now

Mountain Province Diamonds, which has a joint-venture with De Beers in Canada's Northwest Territories, has received interest from companies interested in buying the TSX-listed firm out, but has decided to go it alone for now, CEO Patrick Evans...

De Beers sales surge to record on robust Asian, US demand

The world’s biggest diamond miner De Beers on Tuesday reported its highest-ever sales of rough diamonds for the first half of the year, as robust demand in the US, China and India powered price growth. Sales were 33% higher at $3.5-billion in...

Saskatchewan ready with diamond royalty regime

Canada's Saskatchewan has introduced a new royalty system for diamond production, in anticipation of future diamond mines being built in the province, Energy Resources Minister Bill Boyd announced on Wednesday. Shore Gold has completed a...

De Beers ramps up Snap Lake mine, will add 175 jobs

De Beers Canada has started increasing production levels at its Snap Lake diamond mine, in Canada's Northwest Territories, and will add 175 jobs at the operation by the end of 2010. The mine will ramp up to full production by the end of 2012, De...

De Beers sees more positive trends for diamond industry, mulls Canadian production ramp-up

Diamond giant De Beers is considering increasing production next year at its Snap Lake mine, in Canada’s Northwest Territories, and will likely make a decision early in November, spokesperson Cathie Bolstad said last week.

De Beers mulls ramping up Canadian diamond output

Diamond giant De Beers is considering increasing production next year at its Snap Lake mine, in Canada's Northwest Territories, and will likely make a decision early in November, spokesperson Cathie Bolstad said on Wednesday. De Beers Canada...

De Beers Canada meets Ontario First Nation on possible exploration activity

De Beers Canada held talks on Monday with the Kitchenuhmaykoosib Inninuwug (KI) First Nation on possible future exploration on the community's traditional lands in northern Ontario, the diamond-miner revealed in a brief statement. “Both parties...

De Beers Canada confident on outlook after lowering output, costs

The Canadian unit of diamond giant De Beers is confident that it has positioned itself to ride out current market conditions, after curtailing production levels and reducing capital spending and operating costs, external and corporate affairs...

Diamond cutting, polishing facility to open in Sudbury

Ontario's first diamond cutting and polishing facility, which will process rough stones produced at De Beers Canada's Victor mine, in the James Bay lowlands, will be built in Greater Sudbury, the province announced this week. Crossworks...

Daily podcast – February 25, 2009

In today's podcast: Australian treasury officials said that the country would look to safeguard revenues from its natural resources when evaluating a Chinese firm's plan to invest 19-billion-dollars in Anglo-Australian miner Rio Tinto; and De...

De Beers slows output, cuts jobs at Snap Lake mine

Diamond-miner De Beers Canada will lay off 128 employees and 90 contractors at its Snap Lake mine, in Canada's Northwest Territories, as it slows production to meet weakened demand for rough diamonds, the firm said on Tuesday. The company has...

Peregrine reports Canada diamond find

Canadian explorer Peregrine Diamonds has confirmed the presence of diamonds at its Chidliak property, in Canada's Nunavut Territory, the company said on Monday. The firm discovered the CH-1 kimberlite on the property in July, and two surface...