Lucapa Recovers Sixth Biggest Diamond at Lulo

Lucapa Recovers Sixth Biggest Diamond at Lulo

Lucapa has recovered a 195-carat Type IIa diamond from its Lulo alluvial mine, in Angola. It's the fourth +100-carat diamond to be recovered at Lulo this year and he 44th since the Australian miner started...
BHP "to Increase Offer for Anglo American"

BHP “to Increase Offer for Anglo American”

BHP is likely to increase its all-share offer for Anglo American after the UK miner rejected its $39bn bid last week. A successful bid would almost certainly mean the sale of De Beers, which doesn't...
Petra Sells Mothballed Mine to Stargems

Petra Sells Mothballed Mine to Stargems

Stargems has acquired Petra's mothballed Koffiefontein mine, in South Africa, for a "nominal cash consideration". The loss-making deposit, which Petra bought from De Beers in 2007, has been on care and maintenance since November 2022. Petra...
Work Resumes at India's Only Diamond Mine

Work Resumes at India’s Only Diamond Mine

Work has resumed at India's only mechanized diamond mine. It could take a year to remove soil and stone (overburden) before extraction starts at Majhgawan, in the central state of Madhya Pradesh. But National Mineral Development...
Rare Beetle Found at Orapa Diamond Mine

Rare Beetle Found at Orapa Diamond Mine

A rare species of beetle, dating back 90 million years, has been found at Orapa, the world's biggest diamond mine, in Botswana, shedding light on the evolutionary history of beetles. The Paleothius mckayi is a...
Petra’s Fourth Tender Sees Strong Sales Growth

Petra’s Fourth Tender Sees Strong Sales Growth

Petra Diamonds said its fourth tender cycle of FY 2024 demonstrated robust growth in the market, selling 428,860 carats for $47.8 million, marking a 4.0% increase in like-for-like prices compared to Tender 3 FY...
Lucara's Deal with HB Antwerp is Back On

Lucara’s Deal with HB Antwerp is Back On

Lucara's on-off deal for HB Antwerp to sell its specials from the Karowe mine, Botswana, is back on again. The Canadian miner yesterday (18 February) announced details of a 10-year deal that is very similar...
Lucara Forecasts Increased Revenue in 2024

Lucara Forecasts Increased Revenue in 2024

Lucara is forecasting a revenue increase of at least 30 per cent next year after cutting its 2023 prediction earlier this month. The Vancouver-based miner said it would be using it sales channels to maximize...
Buyer Sought for Stornoway Diamonds

Buyer Sought for Stornoway Diamonds

A buyer is being sought for Canadian diamond miner Stornoway, after it filed for bankruptcy protection last month. The company has suspended operations at Renard, the first and only diamond mine in Quebec province, and...
208-carat diamond is the most recent discovery at the Lulo mine

208-carat diamond is the most recent discovery at the Lulo mine

A 208-carat diamond was found in the Lulo mine, located in the province of Lunda Norte. According to the company Lucapa Diamond Company, this is the third largest diamond to be recovered in that...

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Lucapa Resumes Search for Lulo Kimberlites

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