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Diamonds

A diamond mine in Russia
India urges G7 to delay ban on Russian diamonds as rules lack clarity – sources
20th December 2023 By: Reuters

India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.... 


Petra Diamonds' Finsch mine
Petra Diamonds downscales board, eyes efficiency
20th December 2023 By: Donna Slater

Diamond miner Petra Diamonds is making a series of changes to reduce the size and improve the efficiency of its board, going into 2024. Once these changes take effect, Petra's board will reduce... 


De Beers CEO Al Cook
De Beers' sales increase to $130m in final 2023 cycle
20th December 2023 By: Creamer Media Reporter

Diamond miner De Beers' final sales cycle of this year has generated $130-million, an improvement on the $86-million in sales recorded in the ninth sales cycle of this year. Sales were, however,... 


Polished diamonds
Diamond sales slowly restart after efforts to halt price crash
19th December 2023 By: Bloomberg

The world’s two biggest diamond miners are selling stones again after the industry all but halted supplies in a desperate attempt to stop a collapse in prices. This year’s rout that was driven by... 


EU adopts 12th package of sanctions against Russia
18th December 2023 By: Reuters

The European Union (EU) Council has adopted a twelfth package of sanctions against Russia, the European Commission said in a statement on Monday, after Austria gave its final approval over the... 


Rough diamonds
India's Modi says new diamond bourse in Gujarat to create 150 000 jobs
17th December 2023 By: Reuters

India's Surat diamond bourse will create 150 000 new jobs and become a "one-stop shop" for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat.... 


Petra reports total third-tender cycle sales of $69.7m
14th December 2023 By: Darren Parker

Diamond producer Petra Diamonds has announced the final sales results for its third tender cycle following further sales of 56 600 ct for $9.3-million. This brings total sales for the cycle to... 


Fabergé, Regent unveil new sea-themed egg
14th December 2023 By: Darren Parker

Jewelled egg maker Fabergé has introduced a new luxury egg called Journey in Jewels in partnership with Regent Seven Seas Cruises. The egg was unveiled at a gala event in Miami, Florida, on... 


ICMM CEO Rohitesh Dhawan.
Mining urged to embrace international council’s new Scope 3 emissions guidance
13th December 2023 By: Martin Creamer

All mining and metals companies are being urged to embrace new guidance on reducing Scope 3 emissions, which was published by the International Council for Mining and Metals (ICMM) on Wednesday.... 


The Koffiefontein mine
Petra announces potential sale of Koffiefontein
13th December 2023 By: Chanel de Bruyn

London-listed Petra Diamonds has entered into a nonbinding term sheet on an exclusive basis with an undisclosed interested party for the potential sale of the Koffiefontein diamond mine, in South... 


Lucapa sells four diamonds for $17m
11th December 2023 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company and Endiama and Rosas & Petalas – its partners in the Lulo alluvial mine, in Angola – have sold four "exceptional" diamonds recovered at the mine for a combined... 


Botswana Diamonds to undertake next stage exploration near its KX36 project
8th December 2023 By: Tasneem Bulbulia

Diamond company Botswana Diamonds will embark on follow-up ground geophysics on four anomalies that were identified contiguous with the company’s KX36 project in the Kalahari, in Botswana. They... 


Petra CEO Richard Duffy
Petra says prices have likely bottomed; secures increase in credit facility
8th December 2023 By: Creamer Media Reporter

Diamond mining group Petra Diamonds has sold 462 794 ct of diamonds for $58.7-million in its third tender for the 2024 financial year. This is higher than the 444 029 ct sold for $41.5-million in... 


India, De Beers seek clarity, flexibility on G7's Russian diamond ban
India, De Beers seek clarity, flexibility on G7's Russian diamond ban
8th December 2023 By: Reuters

India, home to 90% of the world's diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in... 


Star Diamonds to update Star-Orion PFS
7th December 2023 By: Creamer Media Reporter

As Star Diamonds takes the reins in full ownership of the Fort à la Corne joint venture (JV), the company’s technical team is once again focused on the technical investigation and evaluation of the... 


G-7 to ban Russian diamonds starting next year
G-7 to ban Russian diamonds starting next year
7th December 2023 By: Bloomberg

Group of Seven nations have agreed to ban Russian diamond imports from the start of next year in the latest move to curb Russia’s ability to fund its invasion of Ukraine. While the G-7 and its... 


Jupiter Mines chairperson Ian Murray
South Africa’s community engagement ahead of global peers, manganese AGM hears
6th December 2023 By: Martin Creamer

The South African mining industry is years ahead of its international peers when it comes to local and community engagement, Australia-listed Jupiter Mines, which owns 49.9% of the Tshipi manganese... 


Stats SA economic statistics deputy director general Joe de Beer
Economy moves 'sideways' with marginal 0.2% contraction in GDP
5th December 2023 By: Darren Parker

Statistics South Africa (Stats SA) has reported a marginal 0.2% contraction in gross domestic product (GDP) for the third quarter, compared with the second quarter, and a contraction of 0.7%... 


Mining's net fixed capital formation, shown in blue, must be boosted.
Greenfield investment lagging badly, mining’s contribution to economy halved
1st December 2023 By: Martin Creamer

The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last... 


An image of an accountant using the Finnivo platform
Financial software simplifies data collection
1st December 2023 By: Nadine Ramdass

Finnivo software aims to simplify financial reporting processes for mining companies in Africa by automating the data collection process, thereby enabling finance teams to focus more on analysis... 


Rio Tinto sells stake in Canada diamond project
Rio Tinto sells stake in Canada diamond project
29th November 2023 By: Mariaan Webb

Diversified miner Rio Tinto is selling its 75% interest in the Fort à la Corne diamond project, in central Saskatchewan, to joint venture (JV) partner Star Diamond Corp, for shares in the Canadian... 


The Karowe processing plant
Lucara sets lower 2024 production guidance, appoints CFO
29th November 2023 By: Creamer Media Reporter

Diamond miner Lucara Diamond Corp, which has appointed Glenn Kondo CFO and corporate secretary, with effect from January 1, expects to mine between 3.6-million and 4.6-million tonnes and recover... 


A person holding a rough diamond
Angola's new diamond mine opens against backdrop of weak demand
28th November 2023 By: Reuters

Angola has officially started diamond mining at its new Luele project, the biggest in the country and one of the world's largest by estimated resources, it said on Monday, at a time when global... 


Botswana Diamonds to raise £380 000 through share placement
27th November 2023 By: Darren Parker

Aim-listed Botswana Diamonds has undertaken a share placement and subscription with existing and new investors to raise £380 000 through the issue of 76-million new ordinary shares of £0.0025 each... 


An image showing the Harry Oppenheimer House building
De Beers donates building to Sol Plaatje University in Kimberley
24th November 2023 By: Tasneem Bulbulia

Diamond producer De Beers Group will donate the Harry Oppenheimer House (HOH) building, in Kimberley, to the Sol Plaatje University following the January relocation of De Beers’ Sightholder Sales... 


Former Nedbank investment banker Paul Miller.
New Utshalo has potential to boost mining IPOs, enliven public markets
24th November 2023 By: Martin Creamer

South Africa has a pressing need to reawaken its public markets and the new Utshalo must be complimented for setting out to do just that. New mining capital raisings have become too few and far... 


ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.
African Rainbow Minerals provides R20-million for Wits University research
23rd November 2023 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) is supporting postdoctoral research into water, energy and digitalisation at the University of the Witwatersrand (Wits) in Johannesburg.... 


Kremlin, facing diamond ban, says EU sanctions have 'boomerang effect'
20th November 2023 By: Reuters

The Kremlin, facing the prospect of a European Union ban on imports of Russian diamonds, said on Monday that EU sanctions tended to have a "boomerang effect" on those who applied them. Kremlin... 


The Merlin diamond project in Australia
Lucapa pushes pause on Merlin feasibility study to assess alternative development options
20th November 2023 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company has paused work on a feasibility study into its Merlin diamond project, in Australia's Northern Territory, to assess the potential development of a smaller-scale,... 


Integrated Geoscience Solutions Technical Director Dr David Khoza.
Imperative that exploration plan be implemented as matter of urgency – Khoza
17th November 2023 By: Martin Creamer

If South Africa is not to be left out of the exploration boom, spurred by the immense mineral resources required to develop technologies needed to achieve net zero, it is imperative that the... 


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pqt: 0.598s - ct: 0.676s - 328pq - 2rq
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