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…
Diamond
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…
Finland reclaims mining crown as Canada slips
Finland has regained its status as the world’s most attractive jurisdiction for mining and exploration it held in the early 2010s, followed by Nevada and Alaska, according to the Fraser Institute’s…
Gem Diamonds to cut jobs amid industry collapse
Gem Diamonds (LSE: GEMD) has become the latest casualty in a deepening crisis engulfing the global diamond industry, announcing sweeping cost-cutting measures as the market buckles under falling prices and…
Burgundy halts Ekati pit mining, lays off hundreds
Nearby Misery underground mine will continue to operate for now.
Rio picks iron ore boss Trott as new CEO
Rio Tinto (ASX, LSE: RIO) has chosen Simon Trott, head of the company’s iron ore unit, as its new CEO, selecting a 20-year company veteran to steer the mining giant…
Global mining deaths rise for second straight year
Fatalities in the global mining industry rose for a second consecutive year in 2024, the International Council on Mining and Metals (ICMM) said in its latest annual safety report. ICMM’s…