February 9, 2018

De Beers’ Namibia venture puts mine up for sale, at least 130 jobs to go

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.

February 8, 2018

Political shifts lift investor mood in southern African mining

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.

February 8, 2018

Zimbabwe to consider waivers on platinum, diamonds ownership law

Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.

February 8, 2018

Sotheby’s expects over $33 million for world’s largest, rarest, flawless round diamond

The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.

February 7, 2018

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

February 6, 2018

Zimbabwe to enter lithium market with $1.4bn mine

Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.

February 6, 2018

De Beers on exploration spree as secures South Africa licences

The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo.

February 6, 2018

Diamond prices on the rise this year

Diamond market sentiment improved in January, with firm prices after retailers reported a better-than-expected holiday season.

February 5, 2018

Anglo takes down South Africa sale sign and may even buy

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.

February 5, 2018

Pile-of-cash dilemma for mining industry once crippled by slump

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.