mines

Alrosa says it expects to pay shareholders a dividend for the first half of 2023, as long as the diamond market remains stable. It marks a change in fortunes for the Russian state-controlled miner, which...

Diamond mining major De Beers reported a decline in revenues in the first half of 2023, amidst the ongoing macro-economic headwinds and a substantial inventory build-up in the midstream. The company’s total revenue for the...

In an effort to curb Russia’s ongoing military actions in Ukraine, the United States has imposed additional sanctions on individuals and entities associated with Russia’s military capabilities, energy projects, and financial activities. Russian diamond...

The government of Namibia could seek an increased share in its sales agreement with De Beers, after the mining giant agreed a phased move to a 50/50 split with Botswana. Namdia, the state-owned diamond company...

De Beers Group reported the successful sale of the Buffels Marine Mining Right (BMMR), and associated assets, to Kleinzee Holdings Proprietary Limited (Kleinzee Holdings) as of 7th August 2023. The BMMR was De Beers’...

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...

Grizzly Mining says its latest emerald auction raised $48.63m, a record high since the company was founded in 1997. The market for emeralds remains "extremely strong", it said, after a sealed-bid auction for its mid-high...

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...

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...