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Category: Mining

Image of Endiama and N’Dumba representatives holding signed mining investment agreement

Angola’s Endiama Signs Mining Investment Agreement with N’Dumba  

The new partnership aims to cement the nation’s position in the global diamond trade.
Mining machinery vehicles at Lucapa Diamond Company's Lulo alluvial mine image

Blockade at Lulo Mine Disrupts Diamond Production 

Community leaders have created barriers at all site entrances and made a “series of unreasonable demands,” according to Lucapa.
Aerial view of Lucapa Diamond Company's Lulo mine

Smaller Stones Send Lucapa Revenue Plummeting  

Average price per carat down 80% in fourth quarter.
Letšeng mine in Lesotho image

Strong Average Price Lifts Gem Diamonds Full-Year Revenue  

Sales up 10% to $152.8 million in 2024.
Rough diamonds from the Ekati mine image

Ekati Rough Sales Fall as Buyers Shy Away from Lower-Quality Goods 

Revenue at Burgundy Diamond Mines down 39% to $101 million in fourth quarter.
Rough diamonds image

Dubai Diamond Manufacturer Funds Mining Company 

Diamcor will use $5 million loan to expand work at its Krone-Endora at Venetia project in South Africa.
Hearne pit at Mountain Province's Gahcho Kué mine image

Weak Rough Prices Dent Mountain Province Sales 

Figure down 19% year on year to $72 per carat.
Trucks hauling ore at Petra's Williamson mine image

Petra Offloads Williamson Mine Amid ‘Liquidity Challenges’ 

Company had previously sold just under 50% of deposit.
Aerial view of Petra's Finsch diamond mine

Petra Reduces Price Forecast Again Amid Market Weakness

Miner now expects rough from Finsch deposit to generate between $70 and $80 per carat, rather than the $80 to $90 it forecast in December.
Aerial view of Rio Tinto's Diavik mine

Rio Tinto Output Surges as New Portion of Mine Moves Underground 

Production also ramped up after area reopened from sinkage-related closure.

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