Shear Diamonds Ltd. (CVE:SRM) announced the confirmation of a sample grade of 11.3 carats per tonne ("cpt") from an internal audit of 308.8 kg of kimberlite concentrate from the recovery reject tailings at the Jericho Diamond Mine.
The fight for control of natural resources is heating up between the two fastest growing economies. In a secret deal with Zimbabwe, the Chinese military has secured permits to mine the Marange diamond fields. India, looking to control its supply of rough stones for Surat’s cutting and polishing sector is looking to aide African Nations with medicines, and infrastructure projects.
Far West Mining Ltd. (FWM) has reported the results from its twenty diamond drill holes at Santo Domingo. After the new set of holes were drilled they found out that the mineralization extends between sixty and seventy meters further. This is higher than the first interpretation which means that it will add tonnage to a [...]
Edgewater Exploration Acquires Red Back Mining’s Enchi Gold Project, Ghana Mr. Edward Farrauto, President and CEO of Edgewater Exploration Ltd. (“Edgewater” or the “Company”)(CA:EDW 0.75, +0.14, +22.95%) announces its option agreement with Red Back Mining Inc. (“Red Back”) (CA:RBI 25.30, +0.48, +1.93%). Edgewater will then get an undivided 51% interest in Red Back’s legal and [...]
De Beers Chief Gareth Penny has been vocal about supply shortfalls, and a lack of prospects to keep up with increasing demand for diamonds. With the Chinese diamond market exploding and decreasing output from some of the largest mining operations in the world, is the market heading towards “Peak Diamond.”
Global Diamond industry is undergoing a strong transition towards growing demand for "conflict-free" or "violence-free" or ethical diamonds- guaranteed to originate from ethical and environmentally responsible sources. This transition is in response to the growing awareness among people and consumers worldwide about the so called "Blood diamonds"
Canada has become a hot bed of diamond mining activities in recent years. Not only are diamond mines in Canada finding top quality gems, Canadian diamonds are increasing in popularity due to the stigma of “conflict diamonds” attached to the gems that come from overseas.
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