Palliser pressures Rio Tinto to drop dual listing
Activist investor Palliser Capital is urging the chair of Rio Tinto (NYSE, ASX, LSE: RIO), the world’s second largest miner, to abandon its primary London…
Diamond
Botswana, De Beers sign overdue diamond deal
Botswana’s government signed on Tuesday a long-delayed diamond mining and sales agreement with Anglo American (LSE: AAL) unit De Beers, the world’s leading diamond producer…
Lucara shares up on annual diamond production record
Canada’s Lucara Diamond (TSX: LUC) achieved record-breaking production in 2024, highlighted by the recovery of two exceptional stones at its prolific Karowe mine in Botswana. Shares…
Diamond market ‘still missing a spark:’ Zimnisky
After two difficult years marked by falling prices, where does global demand for diamonds go from here? Independent diamond analyst and consultant Paul Zimnisky weighs…
Rio Tinto OK’d on $6.7B Arcadium Lithium buy
Rio Tinto (ASX, LSE, NYSE: RIO) has secured all regulatory approvals to proceed with its $6.7-billion (C$9.49-billion) acquisition of Arcadium Lithium (ASX: LTM; NYSE: ALTM)…
Anglo American nears De Beers spinoff
Anglo American (LSE: AAL) is moving closer to spinning off its diamond unit, De Beers, after the government of Botswana confirmed interest in increasing its…
JV: Q&A with SRK: Canada must improve diamond mine permitting, infrastructure
The future of Canada’s diamond sector might seem uncertain as mines wind down, but officials could boost opportunities for those willing to innovate and invest…
Anglo American to review De Beers value amid weak diamond demand
De Beers rough diamond production decreased by 26% to 5.8 million carats in 2024.
Gemfields halts emerald sales over Zambia export tax
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) has paused the sale of emeralds from its Kagem mine in Zambia, but says the government…
Canadian Mining Hall of Fame adds Boyd, Giustra, MacLean, Sheahan
Sean Boyd, the chair of Agnico Eagle Mines (TSX: AEM; NYSE: AEM), recalled when the company’s performance prompted CNN’s Mad Money host Jim Cramer to…
Gemfields faces 21% tax as Zambia restores export duty
Shares in Gemfields (LSE:GEM; JSE: GML) fell on Wednesday after the coloured gemstones miner said it faces a high tax bill in Zambia following the…
Are lab-grown diamonds too bling for their own good?
Diamonds grown in the lab are shining brighter than natural stones by grabbing market share, but their kryptonite could be the low prices and large…