Diversified mining major Rio Tinto CEO Jakob Stausholm on Wednesday reported “resilient” financial results for 2023, with free cash flow of $7.7-billion and underlying earnings of $11.8-billion.... 

Despite its exposure to various risks and uncertainties, such as rough diamond prices, political instability and liquidity challenges – which could have a material impact on its long-term... 

London-listed Gem Diamonds has recovered a high-quality 113 ct white Type II diamond from the Letšeng mine, in Lesotho. This follows recoveries of a high-quality 295 ct white Type II diamond and a... 

Canadian mining company Lucara Diamond Corp has entered into a new diamond sales agreement (NDSA) with processer and trader HB Group out of Antwerp, Belgium, in respect of qualifying “special”... 

Diamond producer Petra Diamonds sold 428 900 ct for $47.8-million during its fourth tender cycle of the 2024 financial year. This represents a 4% increase in like-for-like prices compared with the... 

Zimbabwe’s central bank accumulated 793 kilograms (25,000 ounces) of gold reserves since introducing a law that compels mining companies to pay part of their royalties using the metal. The reserves... 

The need to transform the global energy system and to cut carbon emissions, to counter the danger of climate change, is shifting the mining spotlight away from traditional high-value resources,... 

A large African opencast mining contractor has significantly increased its fleet of mobile crushers and screens. Currently operating in South Africa, Namibia and Botswana, opencast mining... 

Diamond producer De Beers reported on February 8 that its 2023 fourth-quarter rough diamond production had decreased by 3% year-on-year to 7.9-million carats, primarily owing to the planned... 

Botswana has set aside 890-million pula ($65-million) to buy shares in Belgian diamond trader HB Antwerp, national budget documents show, advancing a deal that President Mokgweetsi Masisi said in... 

De Beers expects any recovery in the beleaguered diamond market to be slow and gradual as the industry continues to suffer from weak economic growth in key markets such as China and the US. The... 

Diamond mining and marketing company De Beers is to collaborate with Angola on opportunities to increase diamond production, support alluvial mining sector and enhance social development for the... 

Anglo American’s boss said he’s the best person to reshape the century-old miner — if needed — as slumping commodity prices pressure its sprawling operations and spark murmurs about activist... 

Switzerland will ban the import of Russian diamonds in line with the latest round of European Union sanctions designed to punish Moscow for its invasion of Ukraine, the government said on... 

London-listed Gem Diamonds recovered 109 656 ct of diamonds from its Letšeng mine, in Lesotho, for 2023 – an increase on the 106 704 ct recovered in 2022. In a trading update on the company's... 

A consortium called Diamonds of Eswatini, in which London- and Botswana-listed Botswana Diamonds holds a 30% interest, has been awarded a prospecting licence over the diamondiferous Dokowayo... 

Diamond miner De Beers recorded provisional rough diamond sales of $370-million in its first sales cycle of this year. This was lower than the $454-million of sales recorded for the first sales... 

Angola President João Lourenço will deliver the keynote address at this year’s Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre, from February 5 to... 

Using its hands-on experience to adapt for greater impact, diamond miner De Beers’ Beneficiation Programme continues to put in the ‘hard yards’ to transform the diamond space through sustainable... 

BSE- and Aim-listed Botswana Diamonds has completed a gravity survey over four high-grade geophysical targets that had good magnetic response in a previous survey undertaken by the company.... 

Canada on Thursday formally gave the giant Arctic territory of Nunavut control over its reserves of gold, diamonds, iron, cobalt and rare earth metals, a move that could boost exploration and... 

London-listed Petra Diamonds is heading into the second half of its 2024 financial year with caution, as the rough diamond market continues to stabilise following actions taken by producers and... 

De Beers made big cuts to its diamond prices as the world’s top producer tries to revive gem sales after the market ground to a halt last year. The industry almost came to a complete standstill in... 

Canadian miner Diamcor Mining says it will turn its focus back to the advancement and growth of its Krone-Endora at Venetia project, in South Africa’s Limpopo province, this year, following various... 

London-listed Gem Diamonds has recovered a high-quality 295 ct Type II white diamond from the Letšeng mine, in Lesotho. The Letšeng mine is among the ten biggest diamond producers by revenue.  

Canadian miner Lucara Diamond Corporation has recovered a 166 ct diamond from the Karowe diamond mine, in Botswana. The Type IIa diamond was recovered in the Coarse X-Ray Transmission unit at... 

Global diamond giant De Beers said it will go ahead with a planned $1-billion investment to extend the life of its flagship Jwaneng mine in Botswana, even as last year's downturn in gem demand... 

India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.... 

Diamond miner Petra Diamonds is making a series of changes to reduce the size and improve the efficiency of its board, going into 2024. Once these changes take effect, Petra's board will reduce... 

The world’s two biggest diamond miners are selling stones again after the industry all but halted supplies in a desperate attempt to stop a collapse in prices. This year’s rout that was driven by... 

India's Surat diamond bourse will create 150 000 new jobs and become a "one-stop shop" for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat.... 

Star Diamonds’ technical team is once again focused on the technical investigation and evaluation of the project. 

Diamond producer Petra Diamonds has announced the final sales results for its third tender cycle following further sales of 56 600 ct for $9.3-million. This brings total sales for the cycle to... 

Jewelled egg maker Fabergé has introduced a new luxury egg called Journey in Jewels in partnership with Regent Seven Seas Cruises. The egg was unveiled at a gala event in Miami, Florida, on... 

London-listed Petra Diamonds has entered into a nonbinding term sheet on an exclusive basis with an undisclosed interested party for the potential sale of the Koffiefontein diamond mine, in South... 

Mobile heavy duty rock trommels are now available to the mining and quarrying sectors across Southern Africa.  The rotating barrel design of the trommels allows mineral-bearing materials to be... 

ASX-listed Lucapa Diamond Company and Endiama and Rosas & Petalas – its partners in the Lulo alluvial mine, in Angola – have sold four "exceptional" diamonds recovered at the mine for a combined... 

Diamond company Botswana Diamonds will embark on follow-up ground geophysics on four anomalies that were identified contiguous with the company’s KX36 project in the Kalahari, in Botswana. They... 

Global diversified miner Anglo American is focusing on improving its cost performance and cash generation by reconfiguring several assets to adjust the production profile to near-term constraints... 

Diamond mining group Petra Diamonds has sold 462 794 ct of diamonds for $58.7-million in its third tender for the 2024 financial year. This is higher than the 444 029 ct sold for $41.5-million in... 

Petra Diamonds, a leader in diamond mining, proudly handed over the newly completed facilities of Phase 2b of the Onverwacht Primary School Project to the relevant authorities in Cullinan on 5... 

India, home to 90% of the world's diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in...