Ex-De Beers chief leads bid for diamond giant
Anglo American (LSE: AAL) has selected a consortium led by former De Beers chief executive Gareth Penny as the preferred bidder to acquire its diamond business, according to Botswana’s government….
Diamond
De Beers idles South Africa’s top diamond mine
De Beers will suspend production at its Venetia mine, South Africa’s highest-value diamond operation, for two years as the company cuts costs and streamlines its business to withstand a prolonged…
De Beers cuts diamond prices, axes 25 elite buyers
Giant diamond miner De Beers has made sweeping cuts to its official prices at its first sale since culling nearly a third of its handpicked buyers, a strategy aimed at…
Petra Diamonds cuts threaten 1,800 jobs, union says
South Africa’s largest mining union says workers are being unfairly blamed for industry pressures as Petra Diamonds restructures its Finsch and Cullinan operations.
De Beers finds Gen Z driving diamond demand rebound
Younger consumers are spending more on mined diamonds, offering fresh support for Africa’s key producers.
Canada bets on workforce alliance to fill mining jobs
Canada has launched a new industry-led alliance to address labour shortages in mining and minerals as the sector faces rising demand for critical minerals, new technologies and major infrastructure projects….
Petra Diamonds sidelines Finsch mine, cuts jobs
Petra Diamonds (LSE: PDL) is placing its Finsch mine into business rescue and cutting jobs across its South African operations as collapsing diamond prices and a strong rand threaten the…
Gem Diamonds’ large stones lift quarterly revenue
Gem Diamonds’ (LSE: GEMD) posted $32.1 million in revenue for the quarter ended March 31, driven by sales of large high-value diamonds despite lower overall carat sales. The Africa-focused miner…
Ekati mine owner seeks creditor protection amid diamond decline in Canada’s Far North
Rising costs, depressed prices and heightened competition from synthetic stones have forced the owner of the Ekati diamond mine in Canada’s Far North to file for insolvency protection. Arctic Canadian…
Gemfields revenue drops 32% after ‘difficult’ year
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) said 2025 revenue fell 32% to $135.1 million as operational disruptions and weak demand for rubies and emeralds weighed on performance….
Rio exits Diavik as Canada’s diamond boom flickers
Rio Tinto (ASX, LSE, NYSE: RIO) said it’s produced its final diamonds from the Diavik mine in Canada’s Northwest Territories, bringing to a close one of the country’s most significant mining…
Atco backs Nunavut road project with $10M investment
Utilities and infrastructure company Atco (TSX: ACO.X) is investing $10 million (US$7.2 million) for a 40% stake in Inuit-backed West Kitikmeot Resources (WKR), which is developing a project that would…