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Category: Mining

Rough diamond from Petra Diamonds image

Weaker Product Mix Dents Petra’s Rough Prices 

Miner will cease reporting individual tender results due to fluctuations in diamond prices and demand.
Rough De Beers diamond on a sorting table image

Debswana Pauses Production at Some Mines Amid Weak Market 

Company reduces output guidance for the year by 16% to 15 million carats.
Gareth Penny and Bruce Cleaver headshots

Reports: Indian Billionaire, Former CEOs Among Buyers Eyeing De Beers 

Ex-chiefs Gareth Penny and Bruce Cleaver looking to snap up miner, according to Reuters and Bloomberg.
36-carat ruby from Gemfields image

36ct. Ruby to Star in Gemfields Auction 

Sale will include goods from newer section of its Mozambique mine.
Botswana President Duma Boko speaking at the Facets conference in Belgium in November 2024 image

Polish All Botswana Diamonds Locally, President Reportedly Urges 

No stone will leave the country in its rough form, Boko quoted as saying.
Rough diamonds being separated with tweezers image

Kimberley Process Move on Conflict Diamonds Is Slow and Symbolic 

The proposed new definition targets a broader range of armed groups. Member countries would veto anything stronger.
Rough diamond from De Beers image

De Beers to Cut over 1,000 Jobs at Debswana Unit 

Botswana Mine Workers Union condemns President Duma Boko’s public announcement of layoffs.
Aerial view of Petra Diamonds' Finsch mine image

Lower-Quality Diamonds Dent Petra Revenue

Sales fall 13% to $41.6 million in third quarter.
Rough diamonds from Lucapa Diamond Company's Lulo mine image

High-Value Lulo Mine Up for Grabs as Lucapa Enters Administration

Company undergoing “urgent assessment” of assets and operations.
71.07-carat rough diamond from Lipari Mining image

Lipari Moves into Angola with New 23 Million-Carat Diamond Mine

Company also owns the Braúna deposit in Brazil.

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