Anglo American nears De Beers spinoff
Anglo American (LSE: AAL) is moving closer to spinning off its diamond unit, De Beers, after the government of Botswana confirmed interest in increasing its stake in the world’s leading…
Diamond
JV: Q&A with SRK: Canada must improve diamond mine permitting, infrastructure
The future of Canada’s diamond sector might seem uncertain as mines wind down, but officials could boost opportunities for those willing to innovate and invest strategically, according to SRK Consulting….
Anglo American to review De Beers value amid weak diamond demand
De Beers rough diamond production decreased by 26% to 5.8 million carats in 2024.
Gemfields halts emerald sales over Zambia export tax
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) has paused the sale of emeralds from its Kagem mine in Zambia, but says the government could soon reverse a 15%…
Canadian Mining Hall of Fame adds Boyd, Giustra, MacLean, Sheahan
Sean Boyd, the chair of Agnico Eagle Mines (TSX: AEM; NYSE: AEM), recalled when the company’s performance prompted CNN’s Mad Money host Jim Cramer to eat a crow sandwich on…
Gemfields faces 21% tax as Zambia restores export duty
Shares in Gemfields (LSE:GEM; JSE: GML) fell on Wednesday after the coloured gemstones miner said it faces a high tax bill in Zambia following the government’s decision to re-introduce a…
Are lab-grown diamonds too bling for their own good?
Diamonds grown in the lab are shining brighter than natural stones by grabbing market share, but their kryptonite could be the low prices and large carats indicating they really are…
De Beers sitting on largest diamond inventory since 2008, FT reports
De Beers has reportedly built up its largest stockpile of diamonds since the 2008 financial crisis, with an inventory valued now at roughly US$2 billion, according to the Financial Times….
Petra Diamonds cuts forecasts, jobs amid market weakness, softer prices
Petra’s sales revenue for the third tender fell 7% to $71 million, bringing year-to-date revenue to $146 million, down from $188 million last year.
Gem Diamonds unveils Lesotho mine cost-savings plan
Africa-focused miner Gem Diamonds (LSE: GEMD) announced on Tuesday a revised life-of-mine plan for its prolific Letšeng operation in Lesotho, alongside a two-year extension to the company’s revolving credit facilities. …
Botswana Diamonds granted environmental nod for Thorny River
Botswana Diamonds (LSE: BOD) said on Friday that South Africa’s Department of Mineral Resources and Energy had approved the environmental authorization for one of its two mining permit applications tied…
Covering mining’s projects, people and sticky challenges over a two-decade career
This will be my last editorial for The Northern Miner after 19 years here, and with its sister publications. In December, I’m off to start another adventure outside of mining. …