Mining News

JNA looks at the outbreak’s impact on the international gem and jewellery industry

From 34 million carats to 28-31 million carats - a 17% reduction

Endiama has revised its output to 2 million, instead of the 10 million it had originally forecast

In April, the miner has remained “committed to its price over volume strategy”

Almost all mining and cutting has been suspended until the end of summer

De Beers responds to a fall in mining operations, wholesale trading activity and consumer traffic

AGD credits its "environmentally friendly technologies” for this latest find

Reserves at Lulo are 25% higher than previously thought, price per carat has soared 14%

Revenue for the quarter totaled in $1.4 million - a slight rise year-over year

Revenue for the year fell 21% to about $3.33 billion following a fall of 12% in sales

This is the second diamond bigger than 100 carats it has found this year

For 2019, Rio Tinto recorded a net loss of $21 million

The stone is a bright yellow gem-quality diamond weighing 17.44 carats

Lucara’s revenue exceeded its guidance for the year, estimated at $170-$180 million

Lucapa found 45 diamonds weighing 30.3 carats - some of which are Fancy and rare

Revenue decreased 24% to $4.6 billion and rough diamond sales fell 26% to $4 billion

Angola’s diamond marketing company Sodiam predicted a rise in production to 14 million carats in 2020

Despite increased production at its mines, Petra recorded a net loss in the 2nd half of 2019