Kimberley Process stalls again on conflict diamonds
The Kimberley Process (KP) has failed for a third straight year to agree on an expanded definition of conflict diamonds after a five-day plenary in Dubai. Delegates from 86 member…
Diamond
US plan to boost Africa mining ties needs work: analyst
Recent United States initiatives aimed at developing closer ties with resource-rich African countries to break China’s stranglehold on critical minerals processing are still a long way from paying off, according…
Angola challenges Botswana in De Beers bid
Angola’s state diamond company Endiama has submitted a formal bid for Anglo American’s (LSE: AAL) majority stake in De Beers, in a sharp shift from its earlier position of seeking…
Petra Diamonds seeks $25M lifeline as market slumps
Africa-focused Petra Diamonds (LSE: PDL) has launched an £18.8-million (US$25-million) rights issue as part of a crucial refinancing strategy aimed at keeping the Africa-focused miner afloat during a severe downturn…
Illegal miners kill two cops at Gemfields ruby mine
Two police officers were killed earlier this week during an attack at Gemfields’ (LSE: GEM; JSE: GML) Montepuez ruby mine in northern Mozambique. About 40 illegal miners marched on the…
Anglo draws Botswana into $5B De Beers sale talks
Anglo American (LSE: AAL) CEO Duncan Wanblad said Botswana’s government will join negotiations with one or two shortlisted bidders for De Beers, as the mining giant moves to sell its…
Angola joins race for De Beers slice
Angola’s state diamond company Endiama has formally submitted a bid for a minority stake in De Beers, intensifying the scramble for influence over the world’s largest diamond producer as Anglo American…
Botswana wants De Beers control within weeks
Botswana is accelerating efforts to gain control of De Beers as parent company Anglo American (LSE: AAL) moves forward with plans to divest its 85% stake in the diamond giant,…
Brazil probes Anglo’s $500M nickel sale to China’s MMG
Brazil’s competition authority has launched an investigation into Anglo American’s plan to sell its nickel operations in the country to China’s MMG for up to $500 million. The probe, first…
Dubai firm offers $10M lifeline to Lucapa Diamond
Lucapa Diamond (ASX: LOM), which holds the Lulo alluvial mine in Angola and the Merlin project in Australia, has struck a rescue deal with a Dubai-based group that could pull…
De Beers strikes first kimberlite find in 30 years
De Beers and its state-owned joint venture partner in Angola, Endiama, have discovered a new kimberlite field, the diamond giant’s first such discovery in three decades. The world’s largest diamond…
Winsome walks away from Renard diamond mine buy
Winsome Resources (ASX: WR1) is dropping its proposed acquisition of the Renard diamond mine, a deal that would have fast-tracked the development of its flagship Adina lithium project in northern…