Lucara extends sales deal with HB by 10 years
Canada’s Lucara Diamond (TSX: LUC) has extended its sales agreement with HB Trading covering high-value diamonds from the Karowe mine, in Botswana, for another 10 years. The contract…
Diamond
Petra Diamonds halts Williamson mine in Tanzania after dam breach
Petra Diamonds (LSE: PDL) said on Monday it had halted operations at its Williamson mine in Tanzania after a tailings storage facility burst, causing flooding…
Diamond trade watchdog mulls fate of Russian gems
The Kimberley Process (KP), an international scheme that certifies rough diamond exports, is expected to decide this week whether Russian diamonds should be declared conflict…
De Beers names Equinor’s Cook as new CEO
De Beers, the world’s top diamond producer by value, has appointed oil and energy industry executive Al Cook as its new chief executive to replace Bruce Cleaver, who…
Petra Diamonds to resume dividend payouts after three-year turnaround
Petra Diamonds (LSE: PDL) said on Tuesday it would resume paying a dividend and launch a US$150-million debt-cutting plan after stronger prices fuelled by sanctions…
NWT safety commission, companies launch investigation following death at diamond mine
An investigation is underway at the Gahcho Kué Mine site in the Northwest Territories following the death of a worker in an accident there on…
Lucapa finds Angola mine’s sixth-largest white diamond
Australia’s Lucapa Diamond (ASX: LOM) has recovered a 160-carat white Type IIa diamond at its prolific Lulo mine in Angola, the sixth-largest recovered at the operation to date. The…
Primitive vegetation played key role in composition of earth’s continental rocks
Primitive plants transformed what was once a Mars-like planet of barren rock into a world of life growing in organic-rich soils.
Lucara starts shaft-sinking at Karowe mine expansion project
Lucara Diamond (TSX: LUC) is moving towards the main shaft sinking phase of the underground expansion project at its Karowe mine in Botswana, which will…
Diamond exploration hits a new low — even as rough prices soar
There are few things that are more alluring and exciting than a diamond — but one of them is a significant new diamond discovery. Now…
Lucapa finds giant pink diamond said to be Angola’s largest in last 300 years
Australia’s Lucapa Diamond (ASX: LOM) has recovered a rare 170-carat pink diamond at its prolific Lulo mine, believed to be the largest of its kind found in…
De Beers hikes 2022 guidance, citing ‘robust’ US demand
The miner expects to produce 32m-34m carats, from 30m-33m carats thanks to what it calls “robust demand” from US customers.