Anglo American says its has lifted its stake in De Beers from 40% to 85% after the Botswana government passed on its pre-emptive rights worth $1.26bn.
A handful of diamond mining companies affected by crippling power cuts in Zimbabwe have been forced to set up their own dedicated R36m power line
Analysts said the recent pull-back in diamonds would be short-lived adding that Petra Diamonds and Anglo American were buying opportunities.
Industry groups and watchdogs have slammed a unilateral decision to allow Zimbabwe to sell diamonds from its disputed Marange fields.
ANGLO American executive, Bruce Cleaver, will become CEO of De Beers following the resignation of Philippe Mellier who said he wanted to honour an...
A diamond firm operating from Zimbabwe's controversial Marange diamond fields has begun constructing a multi-million dollar cutting and polishing centre.
It's been a grind for James Campbell, CEO of Rockwell Diamonds, but the company may broaden its scope in 2014.
Parliament has lifted the lid on former Alexkor CEO Khetiwe Maseko-McClain’s time in office at the state-owned diamond miner, soon after her three-year term came to an end.
A lack of bank liquidity and difficult trading conditions means sightholders are likely to jump at the chance of deferring up to 50% of rough diamond sales, says De Beers CEO Philippe Mellier.
Anglo American bumped up its production across the board in the first quarter of 2017 - with the exception of copper and nickel -...