Local reports said the mine will implement an enhanced testing regime for workers.  Photograph: iStock

The Canadian diamond mine backed by Dermot Desmond is “ramping up” preparations this weekend to resume production after it was shut down three weeks a(...)

File photo. Cut diamonds

A “strong recovery” in the market for rough diamonds towards the end of last year helped to relieve some of the “unprecedented” market pressure that a(...)

Before the pandemic MPD sold its share of diamonds from the Gahcho Kue diamond mine  in northern Canada  at international gem markets, such as the one in Antwerp. Photograph: Getty Images

Dermot Desmond has agreed to put up a further US$75 million (€63 million) to bail out a listed diamond miner that has suffered a “profound” impact to (...)

MPD has told shareholders, all diamond sales have been cancelled “until further notice”. Photograph: iStock

A Canadian diamond miner backed by Irish businessman Dermot Desmond has postponed gem sales and delayed the release of its full-year financial results(...)

Irish businessman Dermot Desmond is Mountain Province Diamonds’ biggest shareholder. Photograph: Cyril Byrne

Mountain Province Diamonds, a Canadian mining company whose biggest shareholder is Irish businessman Dermot Desmond, has delisted from the Nasdaq stoc(...)

Dermot Desmond owns close to 30% of Mountain Province Diamonds.  Photograph: Dara Mac Dónaill

The Nasdaq listing of the Dermot Desmond-backed Canadian diamond miner, Mountain Province Diamonds, is under threat after its share price plunged by t(...)

Dermot Desmond: he owns almost 30%  of Mountain Province Diamonds. Photograph: Cyril Byrne

A large group of shareholders at Mountain Province Diamonds (MPD), whose biggest investor is Irish businessman Dermot Desmond, withheld their support (...)

The world’s largest new diamond mine, Gahcho Kue, in the Canadian tundra

Mountain Province Diamonds (MPD), a Toronto-listed miner in which Dermot Desmond holds a 28 per cent stake, sold 240 million Canadian dollars (€161 mi(...)

Dermot Desmond spent $18.6 million Canadian dollars (€12.3 million) in the last week buying shares in Toronto-listed Mountain Province Diamonds.

Dermot Desmond spent $18.6 million Canadian dollars (€12.3 million) in the last week buying shares in Toronto-listed Mountain Province Diamonds. The(...)

Businessman Dermot Desmond indicated ahead of the deal that he planned to back the merger of Mountain Province Diamonds and Kennady Diamonds. Photograph: Joe St Leger

Shareholders of the Dermot Desmond-backed Mountain Province Diamonds (MPD) and Kennady Diamonds have “overwhelmingly” backed a 176 million Canadian do(...)

  • 1
  • 2
  • Next
  • Last »