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...
Grizzly Mining Ltd. Grizzly Emerald Auction Generates US$22.4 million
Lusaka, Zambia: 10th December 2024, Grizzly Mining Limited, one of the world’s largest producers of emeralds, is pleased to announce the results of its latest international emerald auction held in Dubai in November 2024....
De Beers Sells Buffels Marine Mining Right
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’...
Sanctioned Alrosa Expects to Pay Shareholders Dividend
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...
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...
Petra Diamonds Finalizes Exit from Tanzania’s Williamson Mine
Petra Diamonds has officially exited the Williamson mine in Tanzania, completing the sale of its remaining stake as part of a broader strategy to navigate ongoing liquidity pressures.
The London-listed miner had already divested nearly...
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...
Fishers’ Legal Bid to Halt Marine Diamond Mining
Fishers are mounting a legal challenge to marine diamond operations off South Africa's west coast.
They claim rights to mine in shallow sea and along an 85km coastal strip of land were granted and subsequently...
Newfield Resources Eyes Strategic Partner for Sierra Leone’s Tongo Diamond Mine
Australian mining company Newfield Resources is set to bring in a new partner to manage operations at its Tongo diamond deposit in Sierra Leone. The company has signed a non-binding term sheet with fellow...
Alrosa CEO Pavel Marinychev Named In Latest U.S. Sanctions
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...
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