De Beers names Equinor’s Cook as new CEO
De Beers, the world’s top diamond producer by value, has appointed oil and energy industry executive Al Cook as its new chief executive to replace Bruce Cleaver, who leaves the top job after six…
Diamond
Petra Diamonds to resume dividend payouts after three-year turnaround
Petra Diamonds (LSE: PDL) said on Tuesday it would resume paying a dividend and launch a US$150-million debt-cutting plan after stronger prices fuelled by sanctions on Russia’s Alrosa, the world’s…
NWT safety commission, companies launch investigation following death at diamond mine
An investigation is underway at the Gahcho Kué Mine site in the Northwest Territories following the death of a worker in an accident there on Thursday.Inspectors from the territorial Workers’…
Lucapa finds Angola mine’s sixth-largest white diamond
Australia’s Lucapa Diamond (ASX: LOM) has recovered a 160-carat white Type IIa diamond at its prolific Lulo mine in Angola, the sixth-largest recovered at the operation to date. The diamond was found at the…
Primitive vegetation played key role in composition of earth’s continental rocks
Primitive plants transformed what was once a Mars-like planet of barren rock into a world of life growing in organic-rich soils.
Lucara starts shaft-sinking at Karowe mine expansion project
Lucara Diamond (TSX: LUC) is moving towards the main shaft sinking phase of the underground expansion project at its Karowe mine in Botswana, which will extend the operation’s life for…
Diamond exploration hits a new low — even as rough prices soar
There are few things that are more alluring and exciting than a diamond — but one of them is a significant new diamond discovery. Now those are truly rare. In…
Lucapa finds giant pink diamond said to be Angola’s largest in last 300 years
Australia’s Lucapa Diamond (ASX: LOM) has recovered a rare 170-carat pink diamond at its prolific Lulo mine, believed to be the largest of its kind found in Angola in the last 300…
De Beers hikes 2022 guidance, citing ‘robust’ US demand
The miner expects to produce 32m-34m carats, from 30m-33m carats thanks to what it calls “robust demand” from US customers.
Gemfields on alert as insurgent attacks creep closer to Mozambique ruby mine
Africa-focused Gemfields (LSE: GEM; JSE: GML) warned on Wednesday that insurgents attacks are edging closer to its ruby mine in Mozambique’s northern Cabo Delgado province but said operations had not been…
Petra Diamonds’ latest sale crowns ‘strong’ year
South Africa’s Petra Diamonds (LSE: PDL) said Thursday it fetched US$93 million in its last sale of fiscal year 2022, as prices for its diamonds climbed 7.7% from the previous…
Rio Tinto puts Star-Orion JV with Star Diamond on hold
Shares of Star Diamond (TSX: DIAM) fell by more than 50% on June 29, after the company announced that Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) had exercised its…