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Diavik Mine
Diavik Mine

Dominion Diamonds swings to Q4 net loss

Canadian precious gem miner Dominion Diamond Corp on Wednesday reported its third consecutive loss-making quarter for 2013, booking a net loss attributable to shareholders of $7.8-million, or $0.09 a share, for the three months ended January 31....
3rd April 2014

Dominion Diamonds updates Diavik and Ekati mine plans

Canadian precious gem producer Dominion Diamond Corp on Monday afternoon said that in 2014, it planned to produce about 7% fewer carats from the Diavik mine, in Canada’s Northwest Territories, while operating costs were expected to drop 16% as...
4th February 2014

Rio Tinto cuts 78 jobs at WA diamond mine

Mining giant Rio Tinto has confirmed that it would cut some 78 contractors from the workforce at its Argyle diamond mine to lower its costs. A spokesperson told Mining Weekly Online that the contractors were part of a temporary construction...
22nd July 2013

Rio Tinto opts to keep diamond businesses

Diversified giant Rio Tinto has decided to hold fast to its diamonds business, with the miner saying on Monday that a strategic review had concluded that this was the best option. Rio diamonds and minerals CEO Alan Davies said that it had...
24th June 2013

Dominion Diamond Corp records bumper Q1 net profit

Precious gems producer Dominion Diamond Corp has reported a bumper net profit for the first fiscal quarter of 2014, buoyed by the sale of its luxury brand segment. For the quarter ended April 30, Dominion recorded a consolidated net profit...
6th June 2013

Dominion Diamond raises expected 2013 gem production

Canadian miner Dominion Diamond on Friday raised the expected precious gem output on a 100% basis from its 40%-owned Diavik mine, for this year, by 11% to 6.6-million carats, as it planned to process more of the stockpiled ore. Dominion said the...
10th May 2013

Dominion Diamond reports significantly higher production at Diavik

TSX- and NYSE-listed Dominion Diamond says total production from its 40% owned Diavik diamond mine rose by a fifth during the first three months of the year, mainly as a result of improved grades in each of the kimberlite pipes. Production at the...
16th April 2013

Dominion Diamond lifts Q4 sales as global demand improves

Canadian miner Dominion Diamond late on Wednesday reported increased diamond sales during the fourth quarter ended January 31, as global demand increased and prices were also higher. The company, which recently changed its name from Harry Winston...
4th April 2013

Harry Winston lifts 2012 diamond production on higher grades

Canadian diamond miner and luxury goods manufacturer Harry Winston on Tuesday said it had lifted its 2012 full-year diamond production from its part-owned Diavik diamond mine by nearly 7.5% year-on-year to 7.2-million carats on higher grades, but...
15th January 2013

Diavik Q3 production flat, mining for higher-value carats

Diamond enterprise and luxury goods manufacturer Harry Winston Diamond reported flat third-quarter diamond production of 1.93-million carats from its 40%-owned Diavik mine, although it processed 19% less ore. The decline in ore processed in the...
16th October 2012

Gold producers, Indian cutters might fund Canada’s newest diamond mines

With positive feasibility studies in hand, companies aim to start building at least three new diamond mines in Canada by the third-quarter of next year, at a combined cost of around $3.4-billion. First the hopefuls, including Mountain Province,...
30th May 2012

Harry Winston says Diavik production up 19%

TSX-listed miner Harry Winston Diamond on Tuesday said diamond production increased by 19% at the Diavik mine in Canada’s Northwest Territories. The mine, which Harry Winston owns with Rio Tinto, produced 1.6-million carats from 500 000 t of...
17th April 2012
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