A test sale was conducted and, according to the Minister of Mines, it was a total success.
Diamond Mining News
The unit of Anglo American intends to mine as much as 36 million carats this year, up from 33.5 million in 2017.
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.
That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.
Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.
Petra was hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania.
A young man from Moscow has become a winner. His name and the idea will remain a secret not to ruin the surprise for his dearie. He will receive a diamond ring as a reward to translate the wish into reality. ALROSA plans to follow the developments and shoot a video based on the winner's script with participation of real characters.
Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?
New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."
Proceeds from the placing will fund ongoing diamond exploration in South Africa and Botswana, and will also provide the company with additional working capital, the company said.
Diamond traceability back to the mine of origin – vital to the international due diligence movement for precious gems and minerals – just took a giant step forward. SCS Global Services, an internationally recognized certification body and standards developer, is pleased to announce that its diamond provenance certification program now incorporates advanced laser testing that can identify the source of any rough, cut, or polished diamond, anywhere in the chain of custody.
As part of Gemfields' philosophy of “total transparency”, the company revealed is facing claims of human rights abuses in Mozambique, where it mines rubies.
The largest diamond recovered in the first test run was 6.6 carats.
Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.
Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.
Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.
The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.
Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.
Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.
The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo.
Diamond market sentiment improved in January, with firm prices after retailers reported a better-than-expected holiday season.
Anglo raised the possibility it could start buying assets in SA, the latest sign of how much has changed in two years, when the miner was focused on selling.
With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about $87 million a day.
The sale of 4,170 carats of Lulo diamonds achieved gross proceeds of US$9.14 million (A$11.43 million), representing an average price per carat of US$2,192.
Rio Tinto and The Perth Mint are delighted to unveil the first pavé set Argyle pink diamond gold coin.