November 25, 2024

Lucapa Diamond to restart halted Merlin mine

The phased approach will begin with an 18-month initial phase focused on excavating and dredging five existing pits.

November 21, 2024

Russia to continue buying diamonds through state fund in 2025

The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.

November 21, 2024

Sierra Leone woos miners to clean energy with $11 billion plan

Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country.

November 21, 2024

Alrosa plans production cuts and staff reduction for 2025

The miner may cut its labor costs by 10%, which could involve layoffs among its 35,000 staff.

November 14, 2024

De Beers upbeat on Botswana diamond pact after meeting new president

De Beers' CEO said he expected negotiations on a new diamond sales pact with Botswana's government to be wrapped up within weeks.

November 7, 2024

Gahcho Kué diamond mine earnings fall in ‘disappointing’ market for De Beers JV

Operations at the mine in the Northwest Territories lost C$11 million compared to an income of C$2.7 million in last year’s third quarter.

November 4, 2024

Anglo American sells Australian coal JV stake for $1.1 billion

Anglo has agreed to sell its 33.3% stake in Jellinbah Group, a JV that owns 70% interest in the Jellinbah East and Lake Vermont coal mines.

November 1, 2024

Botswana’s new president aims to clinch De Beers diamond sales pact soon

The pact will see the government's share of diamonds from the Debswana joint venture gradually increase to 50% over the next decade.

November 1, 2024

Botswana voters kick out ruling party of nearly six decades

The country is facing economic stagnation linked to a decline in the diamond trade.

October 30, 2024

Botswana’s Debswana diamond sales fall over 50% in first nine months of 2024

Debswana, equally owned by Botswana and Anglo American Plc’s De Beers, sells 75% of its output to De Beers.