IMDH to auction Namibian marine rough diamonds in Antwerp

The International Mining and Dredging Holdings (IMDH) is set to tender its Namibian marine-mined rough diamonds in Antwerp, according to Bonas-Couzyn NV.

18 january 2019

ABN AMRO predicts uncertain future for diamond industry

The global diamond industry has moved from a relatively stable environment to a highly uncertain environment due to lab-grown diamonds, according to The Diamond Insights report published by ABN AMRO Bank recently.

18 january 2019

Signet registers drop in its sales during the holiday season

Signet Jewelers Limited, the world's largest retailer of diamond jewelry, has announced its sales results for the holiday season, that ended January 5, 2019.

18 january 2019

ALROSA earns $463 mln at international auctions in 2018

In 2018, ALROSA, the largest diamond mining company in the world, held 32 international auctions for special size (over 10.8 carats) rough diamonds, receiving a total revenue of $463 million for the year.

18 january 2019

Lucapa produces 3,089 cts at Mothae as ramp-up phase ‘progresses well’

Lucapa Diamond said it produced 3,089 carats between November and December 2018 at its 70 percent-owned Mothae mine in Lesotho.

18 january 2019

The 4th Industrial Revolution: How Mining Companies Are Using AI, Machine Learning And Robots

14 september 2018

(forbes.com) - In an industry such as mining where improving efficiency and productivity is crucial to profitability, even small improvements in yields, speed and efficiency can make an extraordinary impact. Mining companies basically produce interchangeable commodities. The mining industry employs a modest amount of individuals—just 670,000 Americans are employed in the quarrying, mining and extraction sector—but it indirectly impacts nearly every other industry since it provides the raw materials for virtually every other aspect of the economy. It's already been 10 years since the British/Australian mining company Rio Tinto began to use fully autonomous haul trucks, but they haven’t stopped there. Here are just a few ways Rio Tinto and other mining companies are preparing for the 4th industrial revolutions by creating intelligent mining operations.