Latest Diamond Mining News

Lucapa Diamond Company is grappling with a blockade at its Lulo Alluvial Diamond Mine in Angola, disrupting mining operations and risking first-quarter production. Ongoing talks aim to resolve the standoff amid community demands deemed unreasonable by the company.

Newfield Resources Limited reports a strategic pivot for its Tongo Diamond Mine, engaging a joint development partner to reduce costs and delay bulk sampling amid a depressed diamond market.

Gibb River Diamonds secures key agreements to progress gold mining at Edjudina and gains international exposure for its Ellendale Diamond Project, positioning itself for growth across multiple mineral fronts.

Newfield Resources clarifies its $10 million loan facility status, postpones key sampling work, and updates on ongoing dispute with Octea Limited, signaling cautious navigation through financial and operational challenges.

Burgundy Diamond Mines reported a dip in Q4-2024 production and revenue amid operational transitions but maintains a bullish outlook for 2025 driven by strategic mine development and market recovery.

Burgundy Diamond Mines met most operational and revenue targets in 2024 but missed EBITDA guidance by 6%, while preparing the Point Lake open pit for ore production in early 2025.