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.

July 3, 2024

Gem Diamonds unearths 123-carat stone in Lesotho

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

July 2, 2024

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.

July 1, 2024

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.

June 28, 2024

Botswana GDP shrinks most since 2020 as diamond output plunges

Real value added of the diamond traders and mining & quarrying industries were down 46.8% and 24.8% respectively.

June 27, 2024

Petra Diamonds cuts targets and costs in tough market

Petra plans to cut operating costs by $30 million a year from the fiscal year ending June 30, 2025, while reducing spending to $100 million.