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Diamonds

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De Beers capitulates on diamond strategy with big price cuts
De Beers capitulates on diamond strategy with big price cuts
2nd December 2024 By: Bloomberg

De Beers has cut diamond prices by more than 10% across the board as the world’s biggest producer abandons attempts to put a floor under the slumping market. The diamond industry has been struck... 


Botswana Diamonds receives environmental authorisation for Thorny River
29th November 2024 By: Sabrina Jardim

South Africa’s Department of Mineral Resources and Energy has approved the environmental authorisation for one of two mining permit applications submitted by Aim-listed Botswana Diamonds on the... 


Rough diamonds
Omani firm replaces sanctions-hit Alrosa in Angolan diamond miner
29th November 2024 By: Reuters

A subsidiary of the sovereign wealth fund of Oman is replacing Russian sanctions-hit Alrosa in Angola's state-controlled diamond miner Catoca, an Angolan official said on Thursday. Angola has been... 


Cut and polished diamonds
Botswana to become certifier in G7 Russian diamond ban
28th November 2024 By: Reuters

Major African diamond producer Botswana will join Antwerp as an origin certifier of rough diamonds for export to the G7 which banned imports of Russian stones from the start of this year, a joint... 


botswana diamonds drilling
Botswana Diamonds gets environmental approval to drill in the Kalahari
27th November 2024 By: Darren Parker

Aim-listed Botswana Diamonds has received environmental authorisation from the Botswana Department of Environmental Affairs and the Ministry of Environment and Tourism to drill its two targets in... 


Lucapa unveils restart plan for idled Merlin diamond mine in NT
Lucapa unveils restart plan for idled Merlin diamond mine in NT
26th November 2024 By: Mariaan Webb

Miner and explorer Lucapa Diamond Company has announced plans to restart operations at the Merlin diamond mine in Australia’s Northern Territory, with a A$25-million, two-phase project aimed at... 


Anglo American CEO Duncan Wanblad
Anglo American sells rest of Australian coal mines for $3.8bn as part of portfolio reshaping
25th November 2024 By: Mariaan Webb

Diversified mining giant Anglo American announced on Monday the sale of its Australian steelmaking coal mines to Peabody, a US-based coal producer, for $3.8-billion. The move is part of the... 


M&R's head office
M&R voluntarily suspends trading in its shares as it places division in business rescue
22nd November 2024 By: Tasneem Bulbulia

JSE-listed Murray & Roberts (M&R) has voluntarily requested a halt in the trading of its shares after announcing that its M&R Limited division and the division’s subsidiary OptiPower have been... 


Russia's diamond miner Alrosa to cut production and staff in 2025
Russia's diamond miner Alrosa to cut production and staff in 2025
22nd November 2024 By: Reuters

Russia's Alrosa, the world's largest producer of rough diamonds by volume, may suspend some production in 2025 and cut staff as it grapples with low global prices, the sanctions-hit company's CEO,... 


Sierra Leone woos miners to clean energy with $11bn
21st November 2024 By: Bloomberg

Sierra Leone wants mining companies to connect to the grid and help reassure renewable-energy investors there’s enough demand in the West African nation to justify an ambitious $10.9-billion power... 


Lucapa CEO resigns owing to health reasons
21st November 2024 By: Creamer Media Reporter

Australia-listed Lucapa Diamond Company announced on Thursday that Nick Selby had resigned as MD and CEO, citing health issues. His departure is effective immediately. 


Russia to continue buying diamonds through state fund in 2025
Russia to continue buying diamonds through state fund in 2025
21st November 2024 By: Reuters

Russia will continue to buy diamonds through a state fund in 2025 in order to support the diamond industry and market, Deputy Finance Minister Alexei Moiseev said on Thursday. The Russian budget... 


Sheila Khama
Opinion: De Beers resumes exploration in Angola and Botswana’s new leaders see red
15th November 2024 By: Creamer Media Reporter

In this article, policy adviser and former De Beers Botswana CEO Sheila Khama writes about De Beers' exploration in Angola and asks whether Botswana should be concerned. On October 23, De Beers... 


De Beers CEO Al Cook
De Beers CEO sees talks on new Botswana diamond pact concluding soon
14th November 2024 By: Reuters

The CE of global diamonds giant De Beers, Al Cook, said that his company expected negotiations with Botswana's government over a new diamond sales pact to conclude soon. "We see negotiations... 


An image showing the Karowe mine
Lucara records strong quarter marked by exceptional discoveries, shaft sinking progress
14th November 2024 By: Tasneem Bulbulia

TSX-listed Lucara Diamond Corp recovered two exceptional diamonds larger than 1 000 ct and sold 116 221 ct of diamonds in the third quarter ended September 30, generating revenue of $44.3-million.... 


Petra names new chairperson as Shine confirms retirement
11th November 2024 By: Sabrina Jardim

London-listed Petra Diamonds says Varda Shine will not offer herself for re-election at the company's forthcoming AGM on November 13 and will retire from the board at the conclusion of that... 


Aton reports first results from diamond drilling programme at Abu Marawat
8th November 2024 By: Sabrina Jardim

TSX-V-listed Aton Resources has reported the first results from its diamond drilling programme at the Abu Marawat deposit, in Egypt, including 8.98 g/t gold, 185 g/t silver, 0.43% copper and 6.12%... 


Murray & Roberts workers
M&R foresees more immediate liquidity challenges as Venetia contract ends
5th November 2024 By: Marleny Arnoldi

Engineering and contracting group Murray & Roberts (M&R) has advised that its interim earnings for the six months ended December 31 will be impacted on by the loss of business it had in place with... 


Anglo American CE Duncan Wanblad.
Anglo agrees terms for sale of minority interest in coal mines for billion dollars-plus
4th November 2024 By: Martin Creamer

Copper-, iron-ore- and crop-nutrient-focused Anglo American reported on Monday that it expects to complete the sale of a minority interest it holds in an Australian steelmaking coal business in the... 


Botswana President Duma Boko (right)
Botswana's new President aims to clinch De Beers diamond sales pact soon
4th November 2024 By: Reuters

Botswana's new president, Duma Boko, said on Friday he wanted to conclude talks for a new sales pact with global diamonds giant De Beers as soon as possible. De Beers, a unit of mining company... 


From left: Taanil Construction project contractor Walied Devajee; Kgatelopele local municipality corporate director and projects administrator Mildred Likotsi; executive committee member and Ward 3 Councillor Ansie van Zyl; Ward 4 Councillor Jan Slinger; Kgatelopele local municipality executive mayor and Ward 5 Councillor Irene Williams; Finsch operations executive Jaison Rajan; council whip and Ward 2 Councillor Ronel Haai; Finsch diamond mine National Union of Mineworkers representative Michelle Moeti; and MDV Kalahari Consulting Engineers project engineer Brian Bensley
Petra’s Finsch mine completes road upgrade
1st November 2024 By: Sabrina Jardim

London-listed Petra Diamonds’ Finsch mine has completed the MacKenzie road upgrade project in Danielskuil, in the Northern Cape. The project, valued at R6.2-million, was undertaken as part of the... 


Photo of Martin Creamer
Chile green hydrogen, Implats solar, De Beers business development make headlines
1st November 2024

Mining Weekly Editor Martin Creamer discusses the very promising findings of Chile’s green hydrogen valley study; Implats' 35 MW solar project and expanded smelter at Zimplats; and De Beers urging... 


An image showing trucks loading at the Krone-Endora at Venetia project in South Africa
Diamcor to raise funds to expedite increased processing at South Africa project
31st October 2024 By: Tasneem Bulbulia

TSX-V-listed Diamcor Mining intends to complete a term loan financing of up to C$1.5-million, to be used to expedite efforts to support the processing of material at significantly higher volumes at... 


Debswana's Jwaneng mine
Debswana diamond sales fall over 50% in first nine months of 2024
30th October 2024 By: Reuters

Sales of rough diamonds at the Debswana Diamond Company fell about 52% in the first nine months of 2024, data released by Botswana's central bank on Tuesday showed, as the downturn in the global... 


BHP chairperson Ken MacKenzie and CEO Mike Henry addressed the BHP AGM on Wednesday.
BHP has moved on from Anglo American, company chairperson says
30th October 2024 By: Reuters

BHP has moved on to focus on other growth opportunities after its failed bid for Anglo American earlier this year, the company's chairman said on Wednesday, weeks before a block on making another... 


De Beers' programme provides diamond sector training and mentorship.
De Beers invites local diamond entrepreneurship applications
29th October 2024 By: Martin Creamer

The commitment of South Africa’s oldest mining company, De Beers, to leading the local diamond industry towards greater inclusivity is reflected in this week’s call by the Anglo American company... 


Anglo American's corporate head office in South Africa
Can Anglo's copper pivot help thwart renewed takeover bid?
25th October 2024 By: Reuters

The speed at which Anglo American shifts to becoming a copper-focused miner may well dictate its ultimate fate - survival as an independent operator, or absorption by a bigger rival such as BHP... 


Kal Tire VP Southern Africa John Martin
ESG targets are prioritising the need for mining tyre circularity
24th October 2024 By: Martin Creamer

Stockpiles of mining tyres are beginning to weigh heavily on the environmental, social and governance (ESG) targets of mining companies. Large tyre accumulations visible at some mining operations... 


The Venetia underground mine
De Beers assessing options to lower production amid high midstream inventory levels
24th October 2024 By: Chanel de Bruyn

Diamond miner De Beers maintains its full-year production guidance at between 23-million and 26-million carats, but says it is actively assessing options with its partners to reduce production... 


The Letšeng diamond mine
Gem lifts third-quarter revenue on higher sales, prices
23rd October 2024 By: Creamer Media Reporter

London-listed Gem Diamonds, which operates the Letšeng diamond mine in Lesotho, generated revenues of $42.7-million from the sale of 26 627 ct of diamonds in the quarter ended September 30. This... 


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pqt: 0.394s - ct: 0.608s - 363pq - 2rq
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