Petra Diamonds sees positive cash flow in H2

Petra Diamonds is expected to be cash flow positive in the second half of the year, which will help the company start working on future developments.

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Cluev to create a yellow diamond ring weighing 30 carats mined by ALROSA

Jewelry Maison Cluev purchased a yellow diamond weighing 30.19 carats mined and cut by the Russian diamond mining company ALROSA to create a diamond ring.

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ALROSA launches new diamond deposit in Yakutia

ALROSA, the world’s largest diamond mining company, launched diamond production at Zarya pipe, Aikhal Mining and Processing Division.

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No plans to mine diamonds in CAR – De Beers

De Beers has no plans to mine diamonds in the Central African Republic (CAR), a company spokesperson has said.

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Rio Tinto’s diamond production down 18% in Q1

Rio Tinto’s diamond production for the first quarter of 2019 ended March 31, 2019, dropped by 18% to 3.8 mln carats as against 4.6 mn cts registered in Q1 2018.

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Mining firms must reveal waste dump safety records, say investors

08 april 2019
(The Guardian) - A group of investors controlling more than $10tn in assets has written to the world’s largest mining companies demanding they reveal the safety records of their waste dumps after the collapse of the Brumadinho dam in Brazil in January, which killed hundreds of people. The dam, owned by the Brazilian mining firm Vale, was used to store tailings, the unwanted byproducts of an iron ore mine. It failed, releasing 11.7m cubic metres of mud that swamped nearby buildings. It is believed the collapse killed about 300 people. FTSE 100 mining companies Anglo American, Antofagasta, BHP Group, Glencore and Rio Tinto have all received the letters, which give them 45 days to publicly disclose their dams’ size, construction methods and safety records.