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Category: Mining

Kim Truter headshot

Kim Truter Steps Down as CEO of Burgundy Diamond Mines

Company names current board member Jeremy King interim chief.
Mountain Province's Gahcho Kué mine image

Mountain Province Struggle Continues as Loss Nearly Doubles in 2024 

Revenue down 19% to $267.7 million as rough prices slide.
Miner inspecting Petra's Finsch diamond mine image

Petra Refutes Union Claim of Mass Layoffs 

Miner will dismiss only 84 workers, not the 468 that South African labor association alleged.
Aerial view of Mountain Province's Gahcho Kué mine

Majority Shareholder Bails Out Mountain Province with $20M Loan 

Funds will help miner pay off debts to joint-venture partner De Beers.
Workers performing an inspection at Petra Diamonds' Cullinan mine image

Petra to Lay Off Nearly 500 Employees, Union Claims 

Company to dismiss workers at South Africa’s Finsch and Cullinan mines.
Aerial view of the Lucapa Diamond Company's Lulo mine in Angola

Lucapa Gains Majority Share in Lulo Mine

Following talks with Angolan government, company ups stake to 51% from 39%.
Rough diamonds from Alrosa image

Alrosa to Pause Production at Some Mines 

Russian miner will also hold tender for approximately $12 million in special-size stones.
Aerial view of Gem Diamonds' Letšeng mine image

Strong Rough Prices Boost Gem Diamonds in 2024 

Revenue up 10% for full year, while profit more than quintuples.
Rough diamonds from Lucapa Diamond Company's Lulo mine image

Decreased Diamond Prices Give Way to Loss at Lucapa

Revenue for full year down 31%.
Rough diamonds from Alrosa image

Alrosa’s Profit Plunges 77% for the Full Year 

Revenue for the period down 26%.

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