Canadian diamond miner Mountain Province has completed its previously announced refinancing transactions, securing funding to address near-term financial challenges and extend the maturity of its... 

Most midtier markets in sub-Saharan Africa are expected to see a slight uptick in their growth rates this year, economic and financial research company BMI sub-Saharan Africa country risk senior... 

Anglo American is planning more job cuts at its corporate office, as it restructures its business by selling assets and spinning off its platinum unit. The company has sent notices to employees who... 

Botswana’s deal to acquire a stake in Belgian gem trader HB Antwerp – proposed by the previous government but never completed – appears to be in limbo. The plan for Botswana to purchase a 24%... 

London-listed Gem Diamonds’ focus on cost containment, operational efficiencies and appropriate capital allocation yielded pleasing results for the financial year ended December 31, 2024, despite a... 

Aim-listed Botswana Diamonds has applied for 11 prospecting licences to secure key polymetallic targets identified by the company’s recent AI-driven exploration programme in Botswana. The... 

London-listed Botswana Diamonds has been granted a mining permit for its Thorny River project, in Limpopo, South Africa. The Thorny River project is close to the mined-out Marsfontein mine. 

Lucara Diamond Corp, which owns and operates the Karowe diamond mine, in Botswana, has appointed Melissa Harmon to its board of directors. "We are delighted to welcome Melissa to the Lucara board.... 

Russia's sanctions-hit diamond producer Alrosa on Friday reported a 77.3% fall in 2024 net profit year-on-year to 19.3-billion roubles ($219.32-million) on revenue of 239.1-billion roubles. Group... 

World Federation of Diamond Bourses president Yoram Dvash has advised that, as of April, US customs will require the reporting of diamonds’ country of mining origin and country of origin details.... 

Botswana's government on Tuesday signed a long-delayed ten-year diamonds sales agreement with Anglo American unit De Beers adding a possible extension period of five more years to the provisional... 

Botswana-focused diamond miner Lucara Diamond Corp has reported a record-breaking 2024, highlighted by the recovery of two exceptional stones – the 2 488 ct ‘Motswedi’ diamond and the 1 094 ct... 

World leader in the design, development and production of synthetic diamond advanced material solutions Element Six, part of the De Beers Group, and global leader in drilling technology solutions... 

ASX-listed Burgundy Diamond Mines has secured a fuel offtake agreement with Macquarie Bank, a deal designed to smooth out seasonal cash flow challenges at its Ekati diamond mine in Canada’s remote... 

Independent mining group Petra Diamonds, which owns and operates diamonds mines in South Africa, has appointed two interim CEOs Vivek Gadodia and Juan Kemp to succeed Richard Duffy, who has... 

Diamond miner Lucara Diamond Corp has sold the 549 ct Sethunya and the 1 080 ct Eva Star diamonds, recovered at its Karowe mine, in Botswana, for $54-million. The Sethunya, recovered in 2021, and... 

Diversified miner Anglo American's copper and iron-ore operations delivered a good performance for the fourth quarter of 2024, as well as for the full-year, in line with the group's growing focus... 

Amid ongoing challenging rough diamond trading conditions, De Beers has revised its production guidance for 2025 to between 20-million and 23-million carats, compared with previous guidance of... 

The launch of a pilot initiative to produce feedstock for renewable diesel in South Africa was announced on day two of the Investing in African Mining Indaba taking place in Cape Town. The launch,... 

De Beers said there were signs of a pick up in US diamond demand before Christmas, while India has overtaken China to become the second-biggest market. The industry has been hammered by a collapse... 

Investing in African Mining Indaba presenters on Monday spoke repeatedly of the need for Africa to add value to its metals and minerals on the continent itself rather than allowing this to take... 

Miner Anglo American's diamond unit De Beers said on Monday it had finalised negotiations with the Botswana government for a new rough diamond sales agreement and extended mining licences for its... 

Botswana’s government will develop new industries, dismantle the State power utility to foster private investment and increase concessional borrowing as part of a plan to diversify the... 

The inaugural South Africa Diamond Show under way at The Capetonian hotel, alongside the Investing in African Mining Indaba, in Cape Town, seeks to highlight the evolution and promotion of natural... 

Known as a symbol of luxury, status and heritage, global demand for natural, mined diamonds has decreased with the growing popularity of more affordable lab grown alternatives, especially with the... 

India has been emerging as a bright spot for the cut and polished diamonds amidst a slowdown in key markets such as the US and China, Amit Pratihari, managing director, De Beers India told Reuters... 

London-listed Gem Diamonds, which owns and operates the Letšeng mine, in Lesotho, recovered 24 461 ct of diamonds in the fourth quarter of 2024, taking full-year production to 105 012 ct. Although... 

Botswana’s President Duma Boko, who swept to power in October elections, said his government has reached a diamond extraction and sales agreement with De Beers that will bring certainty to the... 

Canadian diamond mining company Diamcor Mining, which owns and operates the Krone-Endorra at Venetia project, in South Africa, has entered into a nonbinding letter of intent for a non-dilutive...