Tag Archives: mining

Gold company buys stake in Harry Winston and Diavik mine April 6, 2009 Toronto-based Kinross Gold is purchasing an indirect interest in the Diavik diamond mine, along with 19.9 per cent of Harry Winston, one of the mine’s owners. + Read More

De Beers suspends production at Botswana mines March 2, 2009 Four of the world’s most valuable diamond mines are at a temporary standstill after De Beers suspended its Botswana production due to slumping sales. + Read More

De Beers Canada shutting down Snap Lake mine for 10 weeks January 19, 2009 About 400 workers at the Snap Lake diamond mine will take a forced leave later this year as De Beers Canada shuts down operations to conserve cash. + Read More

BHP Billiton calls off bid for Rio Tinto December 1, 2008 After 18 months and $450 million US, BHP Billiton says it is no longer pursuing its hostile takeover bid for Rio Tinto. + Read More

Vancouver company announces Nunavut diamond find September 15, 2008 Coarse diamond size distribution in a sample taken from Nunavut’s Baffin Island may be the first inklings of an important new diamond find for Canada. + Read More

Diamond discovery at Doctor Lake September 2, 2008 Another diamond-bearing site has been discovered in the Northwest Territories. + Read More

De Beers and African Diamonds clash over Botswana mine August 18, 2008 A battle continues to brew between South African-based De Beers and a joint venture partner over a delayed diamond mining project in Botswana. + Read More

Platinum demand up, but not for jewellery August 5, 2008 The use of platinum in the auto sector is expected to offset shrinking demand for the precious metal in jewellery fabrication, says a commodities research firm. + Read More

De Beers cuts the red ribbon on Canadian diamond mines August 5, 2008 The Snap Lake and Victor mines are officially open for business. After several years and an investment of more than $1 billion each, De Beers launched Canada’s fourth and fifth diamond mines late last month. + Read More

25.13-carat diamond unearthed in Northwest Territories July 21, 2008 The Gahcho Kué diamond project in the Northwest Territories can now lay claim to the largest ever gem-quality diamond recovered from a Canadian exploration drill program. + Read More