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...
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 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’...
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...
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...
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...
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
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...
Lucapa Resumes Search for Lulo Kimberlites
Lucapa says it has resumed its search for the kimberlite sources of diamonds currently being recovered at its Lulo mine, in Angola.
The Australian miner says the exploration program is in full flow again after...
Alrosa Reports Strong Profit Recovery Despite G7 Sanctions
Russian diamond mining giant Alrosa posted a significant improvement in its financial performance for FY2025, with profits rising sharply despite ongoing restrictions imposed by Group of Seven (G7) countries.
According to the company’s full-year financial...
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