Category: Diamond
Peregrine Announces 2012 Chidliak Program
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 23, 2012) – Peregrine Diamonds Ltd. (“Peregrine” or “the Company”) (TSX:PGD) has completed its analysis to determine the most efficient way to advance the 8,580 square kilometre Chidliak project (“Chidliak” or “the Project”), located 120 km from Iqaluit, Baffin Island, Nunavut, Canada. This review was prompted by the Company’s opportunity to increase its interest in the Project to 100% by acquiring BHP Billiton’s 51% interest, as announced on December 20, 2011.
Diamonds North Identifies IOCG Targets at Hepburn Property
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 22, 2012) – Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces that it has delineated two large scale Iron Oxide Copper Gold (IOCG) targets on the Hepburn Property located in the Northwest Territories.
Unraveling the mystery of how diamonds travel to the earth’s surface
A vulcanologist at the University of British Columbia may have cracked the riddle on how kimberlite magma, and the valuable diamonds it sometimes carries, pushes its way up from deep underground.
De Beers appoints CFO
De Beers today announced the appointment of Gareth Mostyn as the company’s CFO, effective 1 February 2012.
Africa diamond mine scam implicates Korean ministers and execs who made quick $70 million
Originally touted as a ‘model of successful resource diplomacy’ Korea’s successful 2010 bid for a diamond project in Cameroon now appears to have been an elaborate scheme that netted company insiders and senior government officials at least $70 million in stock trading profits.
Murray & Roberts establishes emergency egress for Finsch diamond mine in record time
Murray & Roberts Cementation has set a mining industry benchmark by establishing an innovative emergency egress system – from design to operation -in just 11 days at Petra Diamonds’ Finsch Mine, 160 km northwest of Kimberley.
Ekati output down 29% as it enters twilight years
IDEX News reports BHP Billiton’s Ekati diamond mine produced 481,000 carats in the last quarter of 2011, a 29% decline compared to a year ago. 80%-owner BHP Billiton wants to sell the mine, but Ekati could fetch only $300 million to $500 million a new report shows.
Oh no, world’s biggest emerald may not be so special after all
The Calagary Herald tracked down Shane McClure, a gemologist, for his opinion of the world’s largest emerald that is being auctioned in Kelowna this month, and McClure is wondering if the emerald is actually dyed beryl, a mineral that is relatively worthless.
De Beers Appoints Anglo Head of Corporate Finance as CFO
De Beers appointed Gareth Mostyn as the company’s Chief Financial Officer. Mostyn, currently head of corporate finance at Anglo American, will begin in his new role on February 1 and will be based in London.
How a diamond is like a champagne cork
Why don’t diamonds burn up in the Earth’s crust? Wired Science reports on new research revealing the secret behind the rapid ascent of diamonds as they are pushed up from deep below Earth’s surface. It’s difficult to explain how relatively …
