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Diamonds

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The Lulo mine
Lucapa achieves higher first-quarter carat recoveries, revenue
30th April 2025 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company, which has assets in Angola and Australia, has recorded year-on-year increases in carat recoveries, grade, revenue and diamond price for the quarter ended March... 


A rough diamond in kimberlite
Botswana eyes spending cuts as diamond slump hits economy
30th April 2025 By: Bloomberg

Botswana is intent on cutting spending to offset the effects of a prolonged downturn in the diamond market that’s led it to raise its budget deficit forecast to post-Covid peaks, its finance... 


An artisanal mining operation in the DRC
Belgium open to bigger role in Congo minerals sector, foreign minister says
29th April 2025 By: Reuters

Belgium is open to deeper involvement in Democratic Republic of Congo's minerals sector, its foreign minister said on a visit to the former Belgian colony, which is seeking to diversify its... 


Diamonds being analysed
De Beers investor Botswana says serious buyers showing interest
29th April 2025 By: Bloomberg

Botswana’s government said it’s optimistic that Anglo American will find a buyer for its diamond unit De Beers this year. “We are very confident that partners are coming forward,” Botswana Vice... 


An image of Zimbabwe president Emmerson Dambudzo Mnangagwa
Vast’s historical diamond parcel released by Zimbabwean authorities
25th April 2025 By: Tasneem Bulbulia

Aim-listed Vast Resources has announced the release of the historical diamond parcel that has been held in safe custody at the Reserve Bank of Zimbabwe by order of that country’s Supreme Court... 


Mountain Province output falls 40% in Q1 as mine processes low-grade stockpiles
Mountain Province output falls 40% in Q1 as mine processes low-grade stockpiles
25th April 2025 By: Creamer Media Reporter

Toronto-listed Mountain Province Diamonds reported a 40% year-on-year decline in diamond production for the first quarter of 2025, as the company processed low-grade stockpiles while waste... 


UNDERGROUND SHIFT
Karowe's openpit operations (seen here) will continue until 2026, after which mining will shift predominantly to underground operations
Diamond miner refocuses underground project management
25th April 2025 By: Donna Slater

In the ongoing development of its Karowe underground project (UGP) in Botswana, diamond miner Lucara Diamond Corporation has terminated its engineering, procurement and construction management... 


A generic image of an articulated dump truck
Equipment portfolio expanded to meet growing demands
25th April 2025

Understanding the critical role of spare parts in maintaining operational efficiency, coupled with prioritising the reliability and accessibility of essential mining and construction components, is... 


a large de beers diamond
De Beers reports 11% y/y production decline in the first quarter
24th April 2025 By: Darren Parker

Diamond producer De Beers’ rough diamond production for the first quarter of this year decreased by 11% year-on-year to 6.1-million carats, reflecting the continued production response to a... 


Ferrochrome, diamonds, platinum make headlines
Ferrochrome, diamonds, platinum make headlines
24th April 2025

Mining Weekly Editor Martin Creamer discusses the working group that has been established to extend South Africa’s ferrochrome horizon; the third intake of the Enterprise Development Project for... 


In the back, from left to right: De Beers product planning and delivery senior VP James Kirby; Raizcorp CEO Allon Raiz

In the front, from left to right: Axel & Co. CEO Axolisiwe Mbontsi;  House of Lemba Designs CEO Bernice Dickson; Elegânté founder and MD Noxolo Mseleku; and Shine Jewellery & Accessories CEO Johannes Matthews
De Beers, Raizcorp welcome new cohort to Enterprise Development Project for Diamond Beneficiators
17th April 2025 By: Sabrina Jardim

De Beers Group, in partnership with business incubation company Raizcorp, has launched the third intake of the Enterprise Development Project for Diamond Beneficiators, aimed at supporting and... 


India's polished diamond exports hit two-decade low, industry group says
India's polished diamond exports hit two-decade low, industry group says
14th April 2025 By: Reuters

India's exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the 2024/25 fiscal year, which ended in March, on sluggish demand from the United States and... 


Lulo alluvial resource increases by 9%
10th April 2025 By: Sabrina Jardim

ASX-listed Lucapa Diamond Company reports that the Joint Ore Reserve Committee-compliant inferred alluvial diamond resource at its Lulo diamond concession, in Angola, has increased by 249 000 ct,... 


Minerals Council CEO Mzila Mthenjane, senior policy analyst, public affairs and transformation Fundiswa Ndaba, and senior executive, public affairs and transformation Tebello Chabana.
Minerals Council scoring big on South Africa’s socioeconomic transformation front
9th April 2025 By: Martin Creamer

Minerals Council South Africa has been scoring big on the transformation front, going well beyond compliance, and hopes are now high that the upcoming Minerals and Petroleum Resources Development... 


232 ct rough diamond
Petra withholds Cullinan diamonds tender as US tariffs create market uncertainty
9th April 2025 By: Marleny Arnoldi

London-listed Petra Diamonds has postponed its tender five sales of about 200 000 ct of diamonds recovered at the Cullinan mine, in South Africa, until there is greater clarity on the impact of... 


Diamond jewellery
With US tariffs, India's jewellery exports set for sharp decline
3rd April 2025 By: Reuters

India's $32-billion gems and jewellery industry is bracing for a sharp fall in exports as hefty US tariffs will impede overseas sales to its biggest market, industry officials said. The US slapped... 


Paul Miller.
To reclaim global mining status, South Africa must restore trust – Paul Miller
2nd April 2025 By: Martin Creamer

If South Africa wants to reclaim its position in the global mining industry, half-measures just won’t cut it. The Department of Mineral and Petroleum Resources (DMPR) needs to go beyond admitting... 


Burgundy Diamond Mines CEO Kim Truter
Burgundy Diamond Mines starts search for new CEO ahead of Truter's retirement
2nd April 2025 By: Creamer Media Reporter

The board of ASX-listed independent diamond company Burgundy Diamond Mines has started the process to select a new CEO, as Kim Truter plans to retire as CEO and MD at the company's AGM on May 27.... 


A 158.2 ct yellow diamond recovered at Diavik in Canada
Rio Tinto recovers 158.2 ct yellow diamond at Diavik
2nd April 2025 By: Creamer Media Reporter

Diversified miner Rio Tinto has recovered a 158.2 ct yellow diamond at its Diavik mine, in Canada – one of only five yellow diamonds weighing more than 100 ct ever unearthed at the mine in its... 


Lucara transitions to owner-managed operations at Karowe UGP
Lucara transitions to owner-managed operations at Karowe UGP
1st April 2025 By: Mariaan Webb

Canada-headquartered Lucara Diamonds has terminated its engineering, procurement, and construction management contract with JDS Energy & Mining (JDS), effective March 31, as it transitions to... 


The Point Lake openpit at Ekati.
Burgundy Diamond Mines' Ekati resilient as market struggles
1st April 2025 By: Mariaan Webb

ASX-listed Burgundy Diamond Mines has navigated a turbulent diamond market with resilience, reporting a modest revenue decline despite broader industry struggles. The company’s flagship Ekati... 


An image of workers excavating at Lucara’s Karowe mine
Underground development to reach final depths this year
28th March 2025

Underground development at diamond producer Lucara Diamond’s Botswana-based Karowe mine is expected to extend its operational life beyond 2040, with significant progress achieved in 2024,... 


Master Drilling robotic arm.
Robotic rig uplifts productivity 50%, cuts water 75%, Master Drilling reports
27th March 2025 By: Martin Creamer

A robotic rig deployed at a project last year increased productivity by about 50% and consumed 75% less water than the more conventional rigs working on the same contract, Master Drilling director... 


Capital reports more than 50% decline in EPS in a ‘year of transition’
27th March 2025 By: Darren Parker

London-listed mining, drilling, maintenance and geochemical analysis solutions provider Capital has reported a 53.5% year-on-year decline in basic earnings per share (EPS) to $0.089 in 2024, from... 


Gahcho Kue in Northwest Territories
Mountain Province sees diamond market recovery after challenging 2024
27th March 2025 By: Mariaan Webb

Canadian diamond miner Mountain Province expects improving market sentiment in 2025 following a difficult 2024, when weak Chinese demand and the growing presence of lab-grown diamonds pressured... 


Rough diamonds and diamond jewellery
Anglo starts talks with banks on possible De Beers IPO
26th March 2025 By: Bloomberg

Anglo American has begun initial talks with banks about listing its De Beers diamond unit, according to people familiar with the matter, as the company looks to move ahead with the final and most... 


Master Drilling CEO Danie Pretorius.
Master Drilling pays nigh-R100m dividend, moves needle on South Africa’s mining front
25th March 2025 By: Martin Creamer

Drilling and mechanised rock excavation technology solutions company Master Drilling, which was established in 1986 and listed on the Johannesburg Stock Exchange Limited in 2012, has declared a... 


Members of the MIC committee and the JV partners, with Lucapa CEO Alex Kidman and group mineral resource manager Richard Price in Angola.
Lucapa increases stake in Lulo exploration JV to 51%
20th March 2025 By: Creamer Media Reporter

Australia-listed Lucapa Diamond Company has finalised the mineral investment contract (MIC) for its Lulo joint venture (JV) in Angola, increasing its stake to 51%. Following a three-day meeting in... 


Mountain Province closes refinancing transactions
Mountain Province closes refinancing transactions
20th March 2025 By: Creamer Media Reporter

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... 


Midtier sub-Saharan Africa markets could see slight growth uptick in 2025
18th March 2025 By: Schalk Burger

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... 


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pqt: 0.193s - ct: 0.386s - 146pq - 2rq
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