July 29, 2024

Lucapa recovers 176-carat diamond at Lulo mine in Angola

The diamond is the 45th +100 carat stone to be recovered from Lulo and the eighth largest since alluvial operations began in 2015.

July 26, 2024

Gemfields auction revenue down amid market softening

Revenue from auctions was down 17% to $121 million for the first six months of 2024, from $145 million a year earlier.

July 25, 2024

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

Charge weighed on the miner’s swinging to a loss and it comes amid a company overhaul that involves shedding four of its units.

July 24, 2024

Star Diamond boosts resource estimate for Orion South project in Saskatchewan

The company says the Star-Orion South project is the largest undeveloped diamond deposit in the world.

July 23, 2024

Botswana touts 24% stake in new mining companies for citizens

Under current legislation, the government is entitled to offer to buy as much as 15% equity in any new mining entity.

July 22, 2024

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.

July 18, 2024

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.

July 15, 2024

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.

July 9, 2024

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.

July 4, 2024

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.