Diamond Top Stories

Anglo faces headwinds in keeping restructuring on track

Anglo has been forced to accelerate its restructuring after successfully holding off a bid from BHP, the world’s biggest miner.

Bloomberg News | July 26, 2024 | 2:30 pm

Gemfields auction revenue down amid market softening

Revenue from auctions was down 17% to $121 million for…

Staff Writer | July 26, 2024 | 7:46 am

Anglo American takes fresh $1.6bn writedown on UK fertilizer mine

Charge weighed on the miner’s swinging to a loss and…

Cecilia Jamasmie | July 25, 2024 | 3:46 am

Star Diamond boosts resource estimate for Orion South project in Saskatchewan

The company says the Star-Orion South project is the largest…

Amanda Stutt | July 24, 2024 | 4:31 pm

Botswana touts 24% stake in new mining companies for citizens

Under current legislation, the government is entitled to offer to…

Bloomberg News | July 23, 2024 | 8:57 am

Anglo American shrinks trading unit as part of major restructuring

The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.

Bloomberg News | July 22, 2024 | 10:37 am

Anglo’s sale of De Beers hindered by diamond market state

Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn.

Cecilia Jamasmie | July 18, 2024 | 4:33 am

Star Diamond acquires Buffalo Hills project in Alberta

Located approximately 400 kilometres northwest of Edmonton, the Buffalo Hills project includes 21 mineral leases covering 4,800 hectares.

Staff Writer | July 15, 2024 | 1:14 pm

Anglo American kicks off coal assets sale — report

Anglo is said to have hired Goldman Sachs, Morgan Stanley and Centerview Partners to assist with the sale of $5 billion worth of assets.

Cecilia Jamasmie | July 9, 2024 | 4:03 am

Weak Chinese demand dents India’s diamond exports, industry seeks support

India's cut and polished diamond exports have been faltering due to weak demand from the key market, China.

Reuters | July 4, 2024 | 7:02 am

Gem Diamonds unearths 123-carat stone in Lesotho

This is the eighth stone over 100 carats found at the Letšeng mine in 2024.

Staff Writer | July 3, 2024 | 10:12 am

Rio Tinto completes largest off-grid solar plant build in Canada’s North

The solar project complements a wind power plant at Diavik, which has been operating since 2012.

Staff Writer | July 2, 2024 | 1:27 pm

The top 50 biggest mining companies in the world

Despite gold's price slump, strong copper and iron ore prices lifted MINING.COM's ranking of the world's 50 most valuable miners to a new record high of $1.35 trillion.

MINING.com Editor | July 2, 2024 | 2:59 am

Russian diamond producer Alrosa buys big gold deposit from Polyus

For the world's biggest diamond producer, the move marks a deeper push into gold.

Reuters | July 1, 2024 | 9:54 am

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