The Gahcho Kué mine. De Beers, the company whose name has been synonymous with the diamond trade since its founding in South Africa by Cecil Rhodes in the 1880s, is opening the world’s largest ...

Cheap man-made diamonds are making life harder for miners, flooding the market with gems nearly indistinguishable from ...

Cape Town - Anglo American on Thursday announced the commissioning of De Beers’ Gahcho Kué, the world’s largest new diamond mine, in the Northwest Territories of Canada.

The suspension of operations at the Point Lake site will see several hundred employees and contractors laid off.

The proposed spin off of Anglo American's De Beers diamond unit will take 'some time' and the miner is not rushing to complete the split, Mark Wall, CEO of Mountain Province Diamonds , the ...

De Beers has made a rare acquisition, buying a Canadian company, as the world’s biggest diamond producer seeks to replace closing mines in the country. The unit of Anglo American Plc agreed to ...

World’s biggest diamond miner De Beers has a lucrative niche, wading through waste rock to squeeze the remaining diamonds out of a South African deposit that started the company in 1888.

In the Northwest Territories last year, De Beers Canada suspended its unprofitable Snap Lake mine and opened Gahcho Kue, where it is 51 per cent owner, with partner Mountain Province. Article content ...

Anglo American Plc's De Beers has put its Snap Lake diamond mine in Canada up for sale after suspending operations at the unprofitable mine last December, a spokesman said on Friday.

Anglo American Plc's <AAL.L> De Beers said on Thursday it failed to find a buyer for its money-losing Snap Lake mine in Canada's Arctic and would start flooding the underground operation in early ...

The mine, in which De Beers is a 51 percent partner, is eventually expected to produce 4.6 million carats a year of rough diamonds. The bulk of De Beers’s diamond output still comes from mines ...

De Beers owns two other diamond mines in Canada. “I have had many discussions (with De Beers Canada). What I am getting is no one is rushing into anything.