RBC: Sergey Ivanov will step down as head of ALROSA

Sergey Ivanov, who has headed the world's largest diamond mining company ALROSA since March 2017, has decided to resign before the expiration of his employment contract. RBC was told this by a source close to the top manager and the news was confirmed...

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ALROSA presented to analysts the vision of the investment diamonds market of the Russian Federation

ALROSA presented to analysts of investment banks and financial companies its vision of the prospects of the Russian diamond investment market and the annual issue of a report on this topic.

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Mountain Province Diamonds completed phase one drilling for the Hearne Northwest extension discovery at Gahcho Kué Mine

Mountain Province Diamonds Inc. has provided phase one drilling results for the discovery of the Hearne Northwest Extension at Gahcho Kué Mine. The Hearne kimberlite is one of four kimberlites being mined at Gahcho Kué Mine, which is presently ranked...

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Petra sees a low risk of further breaches at the Williamson mine

There is a low risk of further breaches of the tailings storage facility (TSF) or a breach of the New Alamasi water dam at the Williamson Mine in Tanzania, a Petra Diamonds assessment team has concluded. The wall breach took place on 7 November...

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Rio Tinto’s rare yellow and pink diamonds showcased in symbolic ring

A yellow and pink diamond ring showcasing the finest gems from Rio Tinto’s diamond mines has been unveiled in Sydney.

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And Then There Was None: Canada Sells its Gold

22 november 2022

(bmg-group.com) - Canada, bucking an international trend that has seen central banks become net buyers of gold since 2010, has sold off all its official gold holdings. Canada’s official international reserves last released by the Bank of Canada (BofC) on February 23, 2016 showed gold reserves at zero (0). This is unprecedented. Canada now stands as the only G7 nation that does not hold at least 100 tonnes of gold in its official reserves. According to statistics from the World Gold Council (WGC), Canada’s current holdings would now rank it dead last out of 100 central banks, behind Albania at number 99. A footnote says that the BofC still holds 77 ounces of gold, primarily in gold coins.