There are a limited number of commercially viable diamondmines currently operating in the world, with the 50 largest mines accounting for approximately 90% of global supply. Diamonds are also mined alluvially over disperse areas, where diamonds have been eroded out of the ground, deposited, and concentrated by water or weather action. There is also at least one example of a heritage diamond mine (Crater of Diamonds State Park).
has started diamond drilling at its high-priority Aida target on the 100%-owned Paubacken project, located in Vasterbotten county, northern Sweden... Several top-of-bedrock rigs have been turning, and diamond drills are now getting going as well.
11 (Xinhua) -- With the diamond industry facing an uncertain future, Botswana is seeking to develop industries such as agriculture, copper mining, and tourism to diversify its economy, the country's vice president said on Monday.
He was deliberating at last week’s Mining Indaba in South Africa, under the topic, “For the people and prosperity-making beneficiation work for all” ... Mining, especially diamond mining, is an expensive undertaking.
Since their discovery, the Kimberly diamond mines are estimated to have produced hundreds of billions of dollars of diamonds, which makes the 1963Great Train Robbery seem like pocket change.
“This growth outlook is premised on recovery of the diamond industry, which is expected in the latter part of 2025, and continued positive sentiment in the nondiamond mining sectors,” finance minister Ndaba Gaolathe said in a budget speech.
PetraDiamonds’ prospects for free cash flow ... Petra Diamonds issued retrenchment notices to employees at its Cullinan and Finsch mines, east of Pretoria and in the Northern Cape respectively, last year.
‘You mine them, we sell them’. Despite having no diamond mines, Israel hosts the world's largest diamond exchange and ranks among the top five diamond exporters. Based in Tel Aviv's DiamondExchange District, it trades billions in gems globally ....
The range of the Aga Khan’s business interests, run from his headquarters in Switzerland, encompassed diamonds and marble, tyres and saucepans, real estate and mines and top of the range hotels ...
How The Blockchain Could Transform Mining In Africa... the efficiency of the mining sector ... Mining is a strong sector in South Africa, and the country is the world’s largest producer of gold and diamonds.
Blood diamonds (also called conflict diamonds, brown diamonds, hot diamonds, or red diamonds) are diamonds mined in a war zone and sold to finance an insurgency, an invading army's war efforts, terrorism, or a warlord's activity.
This project, in the cards since 2010, aims to preserve the mine’s status as the richest in the world by diamond value ... the extension of mining licenses for their joint venture, Debswana, until 2054.
These terms include the renewal of Debswana mining licences from 2029 to 2052 as well as the state-owned diamond trader, the OkavangoDiamondCompany, being entitled to purchase and independently ...
He stated that in 2022, PMO and its business partners; DreamChoice, Lightreal Investments, Gear Mining, Feddar Supplies, Tlou Drilling, JumCorp, and DiamondSpectrum built a garden in Rakops that ...