Petra cuts output target amid sluggish diamond price recovery
PETRA Diamonds remained stuck firmly in the red for the six months to end-December and the outlook for the full year to end-June is...
De Beers keen on SA expansion as Mantashe bemoans “holes” left...
DE Beers was exploring for more diamonds in South Africa that would extend its operations beyond the recently expanded Venetia mine in the country's...
GEM Diamonds sets $100m cost-saving drive at Letšeng mine
HAVING twice run up blind alleys seeking international expansion, GEM Diamonds is setting its sights on maximising the jewell in its crown with a...
NUM gets wage rise from Transhex
The National Union of Mineworkers has secured wage increases of between 9% and 10%
for its members at diamond company Trans Hex.
GEM moves into $1.1m net cash as opens second half of...
GEM Diamonds opened the second half of its 2020 financial year in good form demonstrating an almost complete recovery from the Covid-19 lockdown, registering...
Angola considering selling stake in national diamond company, Endiama
ANGOLA may sell shares in Endiama, its state-owned diamond company, said Bloomberg News citing the country's finance minister, Vera Daves de Sousa.
The disposal, which...
Gemfields announces $15m interim payout, seeks approval for $10m share buy-back
GEMFIELDS today declared an interim dividend of $15m following "sparkling" results which CEO Sean Gilbertson colourfully remarked were akin to pulling "a very well-groomed...
GEM Diamonds halves net debt as of end-June owing to Covid-19...
GEM Diamonds nearly halved net debt as of end-June as a result of cash preservation and deferment efforts and after fetching a higher average...
De Beers diamond sales moving to “more normalised” position in 2019
THIRD cycle diamond sales for Anglo American-controlled De Beers totalled $575m, just over $25m more than at the equivalent the group said in an announcement...
Rockwell plans to up its technical game
Rockwell Diamonds CEO James Campbell is on a mission to improve the company's technical ability for the recovery of diamonds, before embarking on major new expansion projects.