December 20, 2024

Lure of Anglo’s copper mines could test BHP’s spending resolve

BHP needs to offer at least a 40% premium over Anglo's share price for a new takeover bid, but its CEO has committed to spending discipline.

December 20, 2024

Petra Diamonds cuts forecasts, jobs amid market weakness

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.

December 18, 2024

Alrosa’s 2024 diamond output falls by 4.6%

The miner announced plans last month to suspend some production in 2025 and cut staff as it grapples with low global prices.

December 18, 2024

Lucara names two largest diamonds found in 2024

The 2,488ct diamond is named Motswedi ("water spring") and the 1,094ct stone is called Seriti ("aura" or "presence").

December 6, 2024

Botswana faces worst downturn since 2020 as diamond sales slump

Botswana’s economy may contract by 1.7% this year due to a prolonged downturn in diamond sales.

December 5, 2024

Botswana holds main interest rate as diamond slump saps economy

Declining earnings from diamonds have limited government spending.

December 4, 2024

Rio Tinto unveils lithium resource at Rincon project

It would produce 53,000 tonnes of battery-grade lithium carbonate annually over a 40-year mine life, with plans to expand to 60,000 tpy.

December 3, 2024

Rio Tinto holds tender with legacy inventory from Argyle and Diavik mines

Bids came in from 12 regions across Australia, Europe, Japan, Hong Kong, the Middle East, Singapore and North America, Rio said.

December 3, 2024

Gem Diamonds unveils cost-savings plan for Lesotho mine

Revised life-of-mine plan will reduce total waste stripping by 65.8 million tonnes, leading to an estimated cost saving of $180 million.

December 2, 2024

De Beers closes 2024 with huge price cuts

The world’s largest diamond producer by value has reportedly cut prices between 10% and 15% across the board.