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Location | |
---|---|
Location | Borroloola |
Territory | Northern Territory |
Country | Australia |
Coordinates | 16°51′S136°20′E / 16.85°S 136.34°E |
Production | |
Products | Diamonds |
History | |
Opened | 2000 |
Closed | 2003 |
Owner | |
Company | North Australian Diamonds Limited |
Website | http://www.nadl.com.au/ |
The Merlin diamond mine is one of only three diamond mines in Australia. The mine is located in the Northern Territory of Australia, about 80 kilometres south of Borroloola. The mine operated for a period of about three years from 2000 to mid-2003, during which time it produced about 500,000 carats (100 kg) of high quality diamonds.
The Merlin mine has an unusually high proportion of gem-quality diamonds: 65% of production is gem-quality, and only 35% is classified as near-gem or industrial quality. This compares to a worldwide average of just 20% gem-quality diamond production at diamond mines worldwide, and a mere 5% gem-quality production at Australia's largest diamond mine, Argyle diamond mine. The high ratio of gem-quality diamonds is responsible for a relatively high value of $108 USD per carat (540 $/g). The known ore grade at Merlin is about 0.2 carats (40 mg) per tonne, although exploration continues under the mine's new owner. The largest diamond produced at the Merlin mine measured 104.73 carats (20.946 g), the largest ever found in Australia, and has been valued at over US$525,000 .
The mine and mining rights were sold by Rio Tinto Group, to Striker Resources, which explored the possibility of reopening it . Striker has since become North Australian Diamonds , a company which operated the mine for a short period in 2006. Rio Tinto originally acquired the mining lease after a takeover of Ashton mining (November 2000) in which it also gained full control of the Argyle diamond mine. Ashton mining initially developed and operated the mine.
Diamond is a solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic. Another solid form of carbon known as graphite is the chemically stable form of carbon at room temperature and pressure, but diamond is metastable and converts to it at a negligible rate under those conditions. Diamond has the highest hardness and thermal conductivity of any natural material, properties that are used in major industrial applications such as cutting and polishing tools. They are also the reason that diamond anvil cells can subject materials to pressures found deep in the Earth.
The Argyle Diamond Mine was a diamond mine located in the East Kimberley region in the remote north of Western Australia. Argyle was at times the largest diamond producer in the world by volume, although the proportion of gem-quality diamonds was low. It was the only known significant source of pink and red diamonds, and additionally provided a large proportion of other naturally coloured diamonds, including champagne, cognac and rare blue diamonds.
Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation. It was founded in 1873 when a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions. Although primarily focused on extraction of minerals, it also has significant operations in refining, particularly the refining of bauxite and iron ore. It has joint head offices in London, England and Melbourne, Australia.
The Diavik Diamond Mine is a diamond mine in the North Slave Region of the Northwest Territories, Canada, about 300 km (190 mi) northeast of Yellowknife.
Debswana Diamond Company Limited, or simply Debswana, is a mining company located in Botswana, and is the world's leading producer of diamonds by value. Debswana operates four diamond mines in the eastern and central parts of Botswana, as well as a coal mine. Debswana is a joint venture between the government of Botswana and the South African diamond company De Beers; each party owns 50 percent of the company.
The Murowa diamond mine is a diamond mine located in Mazvihwa, south central Zimbabwe, about 40 kilometres from the asbestos mining town of Zvishavane in the Midlands province. The mine is owned and operated by RZM Murowa (Private) Limited, a member of RioZim. The mine is a combination of open pit and underground construction; current estimates put construction costs at $61 million USD and mine reserves are 19 million tonnes of ore, with an ore grade of 0.9 carats (180 mg) per tonne.
The Premier Mine is an underground diamond mine owned by Petra Diamonds in the town of Cullinan, 40 kilometres (25 mi) east of Pretoria, Gauteng Province, South Africa. Established in 1902, it was renamed the Cullinan Diamond Mine in November 2003 in celebration of its centenary. The mine is a carrot-shaped volcanic pipe and has a surface area of 32 hectares. The mine rose to prominence in 1905, when the Cullinan Diamond – the largest rough diamond of gem quality ever found – was discovered there.
Diamonds were largely inaccessible to investors until the recent advent of regulated commodities, due to a lack of price discovery and transparency. The characteristics of individual diamonds, especially the carat weight, color and clarity, have significant impact on values, but transactions were always private. With the standardized commodity as an underlying asset, several market traded financial instruments have been announced.
The Mir mine, also called the Mirny mine, is an open pit diamond mine located in Mirny, Sakha Republic, in the Siberian region of eastern Russia. The mine is more than 525 meters deep, has a diameter of 1,200 m, and is one of the largest excavated holes in the world.
Rio Tinto Coal Australia (RTCA) was an Australian coal mining organisation, that was part of the worldwide Rio Tinto Group. In 2018, Rio Tinto completed the sale of its remaining assets
Petra Diamonds Ltd is a diamond mining group headquartered in Jersey. Petra own one of the world's most productive mines historically, the Cullinan Diamond Mine is famed for having produced the world's largest rough and polished diamond. The company is listed on the London Stock Exchange.
Kelsey Lake Diamond Mine is a defunct diamond mine in Colorado, USA. It is located in the State Line Kimberlite District, near the Wyoming border, and consists of nine kimberlite volcanic pipes, of which two were open pit mined.
Brown diamonds are the most common color variety of natural diamonds. In most mines, brown diamonds account for 15% of production. The brown color makes them less attractive to some people as gemstones, and most are used for industrial purposes. However, improved marketing programs, especially in Australia and the United States, have resulted in brown diamonds becoming valued as gemstones and even referred to as chocolate diamonds.
Bauxite mining in Australia is an economically significant industry both for Australia and globally. The industry focuses on the mining of bauxite, the primary raw material for alumina and aluminium. Australia is the world's largest bauxite producer, producing almost a third of global bauxite.
Lucara Diamond Corp. is a diamond exploration and mining company, founded in 2009 by two Canadian mining executives, Eira Thomas, Catherine McLeod-Seltzer and Swedish-Canadian mining billionaire Lukas Lundin, operating in Southern Africa but established in Canada. In November 2015, Lesedi La Rona, the world's second largest gem-quality diamond ever found, was found at the Karowe mine in Botswana.
The Argyle Pink Jubilee is a rough pink diamond and the largest rough pink diamond unearthed in Australia. It was found at the Rio Tinto Argyle diamond mine in Western Australia.
The Lomonosov mine is one of the largest diamond mines in Russia and in the world. The mine is located in the north-western part of the country in the Arkhangelsk Oblast. The mine has estimated reserves of 220 million carats of diamonds and an annual production capacity of 2 million carats.
The mining industry of Guinea was developed during colonial rule. The minerals extracted consisted of iron, gold, diamond, and bauxite. Guinea ranks first in the world in bauxite reserves and 6th in the extraction of high-grade bauxite, the aluminium ore. The mining industry and exports of mining products accounted for 17% of Guinea's gross domestic product (GDP) in 2010. Mining accounts for over 50% of its exports. The country accounts for 94% of Africa's mining production of bauxite. The large mineral reserve, which has mostly remained untapped, is of immense interest for international firms.
Diamond mining in India extends back into antiquity. From ancient times, India was the source of nearly all the world's known diamonds, and until the discovery of diamonds in South Africa in 1896, India was the only place where diamonds were mined. India has not been a major diamond-producing country since the 1900s, but diamond mining continues. In 2013, India mined 37,515 carats of diamonds, from one industrial-scale mine and many artisanal mines; this was less than one-tenth of one percent of the world production of 132.9 million carats.
The Ellendale Diamond Field is a cluster of lamproite intrusions located 125 km ESE of Derby within the WNW trending Lennard Shelf to the south of the Kimberley Block in the West Kimberly region of Australia.