Hefty De Beers write-down takes Anglo into headline loss
A $2.9BN write-down of De Beers took parent company Anglo American into a $3.1bn headline earnings loss for the 12 months ended December.
Anglo CEO...
Lucapa Diamond Co. ends blockade at Angolan mine
LUCAPA Diamond Company said on Thursday mining had resumed at its Lulo mine in Angola following an 18-day blockade by local leaders.
Processing continued during...
Zambia suspends 15% export duty on emeralds
ZAMBIA has suspended a 15% export duty on emeralds following meetings with the country's mining sector.
Effective on January 1, the export duty would almost...
Petra Diamonds CEO Richard Duffy resigns amid debt crunch
PETRA Diamonds today announced the resignation of its CEO Richard Duffy ending nearly six – largely difficult – years at the company blighted by...
Museums join queue for Lucara’s latest giant diamond
LESEDI La Rona, the 1,109 carat diamond recovered from Karowe’s south lobe open pit by operator Lucara Diamond Corp. in 2015, astonished the world.
At...
Lucara completes $54m sale of high carat diamonds
LUCARA Diamond said on Wednesday it had concluded the sale of two diamonds – the 549 carat Sethunya diamond and the 1,080 carat Eva...
Botswana pins hopes on diamond sector recovery
BOTSWANA is pinning hopes for a recovery in the economy on the diamond sector, according to a report by Reuters.
It cited Botswana finance minister...
Botswana leaned on Lucara to renew diamond deal
BOTSWANA may have had a lot to do with Lucara Diamond's decision to renew a marketing agreement with marketer HB Group despite finding the...
De Beers slashes rough diamond output for 2025
DE Beers on Thursday slashed production guidance by as much as 40% to between 20 million to 23 million carats for the 2025 financial...
De Beers confirms Botswana sales deal finalised
DE BEERS confirmed on Monday it had finalised talks on a rough diamond sales deal with the Botswana government and on extending mining licences...