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
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...
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’...
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...
Emerald Miner Reports Record Sales
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...
De Beers Sees 22% Dip in H1 Revenue to $2.8 Billion
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...
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...
De Beers: After Botswana Deal, Namibia Could Seek Bigger Share
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...
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...
De Beers Q1 Production Flat at 8.9m carats
De Beers produced 8.9m carats in Q1 of this year, exactly the same as Q1 last year, according to figures released today by parent company Anglo American.
Production was up almost 10 per cent on...
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