June 1, 2023

Namibia says will not grab stakes in existing resource firms

The ministry, however, did not rule out the government taking minority stakes when granting licences.

June 1, 2023

Zimbabwe aims to double power output by 2025 to meet mining demand

The southern African country is reeling from power cuts of up to 12 hours daily.

May 31, 2023

Petra Diamonds sells half its stake in Williamson mine

Buyer is Tanzania-based technical services contractor Taifa Mining, which will pay $15 million to become Williamson's co-owner.

May 30, 2023

Botswana says it is still keen on De Beers partnership, confident of new deal

President Mokgweetsi Masisi threats to walk away from the negotiations if Botswana fails to secure a bigger share of rough diamonds produced by Debswana.

May 29, 2023

Namibia considers taking stakes in mining and petroleum companies

Namibia is one of Africa’s biggest producers of diamonds and largest of uranium.

May 25, 2023

Botswana president insists on bigger share of diamonds from De Beers venture

The country will not back down on demands for a bigger share of rough diamonds from JV with the company, Mokgweetsi Masisi said.

May 22, 2023

Dubai Diamond Exchange, Sotheby’s unveil world’s largest ruby

The Estrela de FURA – a 55.22 carat stone – is expected to fetch in excess of $30 million.

May 19, 2023

Gem trader HB Antwerp eyes African diamonds after Botswana pact

The firm is looking for potential deals to process rough diamonds in countries including Namibia, South Africa, Lesotho and the DRC.

May 19, 2023

G-7 to chase Russia’s diamonds while stopping short of total ban

Earlier attempts to sanction Russian gems in Europe have met resistance from importer nations like Belgium.

May 18, 2023

Ultra-rare Bulgari Laguna Blu diamond sells for $25 million

The exceptional blue diamond found a buyer after a four-minute bidding battle between three telephone bidders and one bidder in the room.