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Diamond Mining News

8 articles about diamond mining

Energy Secretary Continues to Strengthen Puerto Rico's Energy Grid with Renewed Orders

The U.S. Department of Energy has renewed two emergency orders for Puerto Rico, effective February 10, 2026, through May 11, 2026, to further fortify the island's electric grid ahead of the 2026 hurricane season and rising energy demand. These orders, initially issued in May 2025 and subsequently renewed, empower the Puerto Rico Electric Power Authority (PREPA) to manage critical generation units and accelerate crucial vegetation management, contributing to a significant increase in systemwide generation capacity and enhancing grid reliability. This strategic federal intervention highlights the critical importance of resilient energy infrastructure, a cornerstone for industrial stability and material demand globally, with significant implications for the mining sector's role in supplying essential raw materials.

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Athena Gold plans acquisition of Forester Gold Project in Ontario

Athena Gold has announced plans to acquire a 100% interest in the 4,900-hectare Forester Gold Project in northwestern Ontario via an all-share transaction, positioning it strategically near Orla Mining's prolific Musselwhite Gold Mine. This acquisition diversifies Athena's portfolio and aims to leverage modern exploration techniques on an historically underexplored property showing geology analogous to a multi-million-ounce producer. The company plans a diamond drilling program for Forester in 2026, alongside upcoming drilling at its Laird Lake Project.

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Secretary Wright Arrives in Caracas to Further President Trump's Historic Energy Deal

U.S. Secretary of Energy Chris Wright arrived in Caracas on February 11, 2026, marking a pivotal moment for "President Trump’s historic U.S.-Venezuela Energy Deal." This high-level visit involves engagements with interim Venezuelan leadership, including interim President Delcy Rodriguez, local business leaders, and on-site assessments of the nation's oil fields, all aimed at restoring prosperity, safety, and security for Venezuela, the United States, and the broader Western Hemisphere. The initiative holds significant implications for global energy markets, geopolitical stability, and the interconnected mining industry, influencing everything from energy costs to regional investment climates.

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Secretary Wright Delivers Remarks Alongside Interim Venezuelan President Delcy Rodriguez

U.S. Secretary of Energy Chris Wright announced on February 11, 2026, a significant shift in U.S. policy towards Venezuela, signaling a renewed focus on commerce, peace, and prosperity through economic engagement. Following meetings with Interim President Delcy Rodriguez in Caracas, Secretary Wright detailed President Trump's agenda to dramatically increase Venezuelan oil, natural gas, and electricity production through an expedited licensing process. Crucially for the mining industry, Wright also highlighted Venezuela's "immense" natural resources in "mining, minerals," indicating a broader strategic intent to unlock the country's full resource potential and create substantial investment opportunities for U.S. and international firms.

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Energy Department Announces $171.5 Million To Expand U.S. Geothermal Energy

The U.S. Department of Energy (DOE) has announced a significant $171.5 million funding opportunity to catalyze the expansion of next-generation geothermal energy across the nation. This investment aims to support critical field-scale tests for both electricity generation and advanced exploration drilling, thereby derisking promising geothermal prospects and encouraging private sector engagement to help achieve a potential 300 gigawatts of geothermal power by 2050. The initiative underscores a strategic push for domestic energy security, innovation, and economic growth under President Trump's "America First Energy Agenda."

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Angola eyes 20%-30% interest in De Beers

Angola is negotiating to acquire a 20%-30% minority stake in De Beers, with its state-owned companies Endiama and Sodiam managing the process. The move comes as Anglo American seeks to divest De Beers amid changing diamond market dynamics, and reflects Angola’s intent to strengthen its position in the global diamond sector.

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