De Beers expands presence in Angola after 2012 retreat
De Beers has inked a series of agreements with Angola, including one with state-owned diamond miner Endiama, covering processing and exploration prospects. The pacts between…
Diamond
Diavik crash survivor is electrician with baby
The lone survivor of a plane crash that killed six people on their way to Rio Tinto‘s (NYSE: RIO; LSE: RIO; ASX: RIO) Diavik diamond…
Plane crash kills 6 on way to Rio Tinto diamond mine in northern Canada
A jet crash in the Northwest Territories killed four passengers and two crew members on its way to Rio Tinto‘s (NYSE: RIO; LSE: RIO; ASX:…
Gahcho Kué diamond sales fall on weaker demand
Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) says lower prices and demand from India and China depressed sales by 15% last year from the Gahcho…
Gem Diamonds and Lucara find first big stones of 2024
Africa-focused miners Gem Diamonds (LSE: GEMD) and Lucara Diamond (TSX: LUC) have recovered big, high-quality Type IIa diamonds at their respective operations. Gem Diamonds said…
De Beers to spend US$1B on Botswana mine expansion
De Beers, the world’s largest diamond producer by value, said on Wednesday it’s going ahead with a planned US$1 billion investment to extend the life…
EU adds Alrosa and CEO to sanctions list
The European Union has added top diamond producer Alrosa as well as its CEO, Pavel Alekseevich Marinychev, to its sanctions list. The EU’s foreign policy chief…
Mystery buyer in deal with Petra Diamonds for idled Koffiefontein mine
South Africa’s Petra Diamonds (LSE:PDL) has signed a non-binding deal to sell its loss-making Koffiefontein diamond mine in its home country to an unnamed party….
Anglo American’s falling shares fuel takeover rumours
Speculation about Anglo American (LSE: AAL) becoming the target of a takeover by a rival or a private equity firm keeps mounting, as shares in…
Price decline woes likely over, says Petra Diamonds
Petra Diamonds (LSE: PDL) said on Friday a decline in diamond prices experienced this year has likely bottomed as the company is already seeing improved…
Rio Tinto raises Yukon copper project stake, cuts diamond plan interest
Rio Tinto (LSE: RIO; ASX: RIO) is reshuffling its interests in two Canadian projects as it seeks to focus on green energy metals such as…
Lucapa Diamond puts Merlin feasibility study on back burner
Australia’s Lucapa Diamond (ASX: LOM) has put a feasibility study for its Merlin project in Australia’s Northern Territory on hold due to what it called “unfavourable…