Argyle Diamond Mine Closure: What’s Next for the Sector in Australia?

The future of the Australian diamond sector is now heavily reliant on exploration, with firms vying to make another large discovery.

Click here to read part one of this article, which covers the closure of the Argyle diamond mine.

When the mining equipment permanently shut down at Western Australia's Argyle mine in November 2020, the country's diamond sector entered a transitional period.

As the world's fourth largest diamond-producing asset shuttered, domestic output of the gems instantly declined by as much as 90 percent.

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AU$4 Billion Galaxy/Orocobre Merger to Create Top 5 Lithium Company

Lithium companies have been active in M&A lately, and more may follow after the proposed deal between Galaxy Resources and Orocobre.

Australia's Orocobre (TSX:ORL,ASX:ORE) and Galaxy Resources (ASX:GXY,OTC Pink:GALXF) agreed this week to join forces in a AU$4 billion “merger of equals." The deal comes as demand for lithium for electric vehicle (EV) batteries continues to pick up pace.

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Argyle Diamond Mine Closure: The End of a Sparkling Era

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course the coveted Argyle pink and red diamonds.

Pink and red diamonds are among the most special gems in the world. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto's (ASX:RIO,LSE:RIO,NYSE:RIO) Argyle mine.

The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.

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OceanaGold Strengthens Board of Directors with New Additions

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES. OceanaGold Corporation   appoints Mr. Michael James McMullen and Mr. Paul Benson as Non-Executive Directors to the Company Board of Directors . Ian Reid Non-Executive Chairman of OceanaGold said, “On behalf of the Board of Directors, I am delighted to announce the appointment of two highly reputable and …

/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./

OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) appoints Mr. Michael (Mick) James McMullen and Mr. Paul Benson as Non-Executive Directors to the Company Board of Directors (the “Board”).

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NCM – Senior Management Announcement – Finance Director & CFO to Retire

Newcrest Mining Limited announces that Gerard Bond, the Company’s Finance Director and Chief Financial Officer, has decided to retire effective 3 January 2022 when he will mark 10 years in the role. Mr Bond said, “It has been an honour and privilege to serve as the Finance Director and CFO over the past decade and be part of the transformation of the Company”. “Today, Newcrest has a clear purpose, a clear strategy …

Newcrest Mining Limited (ASX: NCM) (TSX: NCM) announces that Gerard Bond, the Company’s Finance Director and Chief Financial Officer, has decided to retire effective 3 January 2022 when he will mark 10 years in the role.

Mr Bond said, “It has been an honour and privilege to serve as the Finance Director and CFO over the past decade and be part of the transformation of the Company”.

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