A crisis forever? How diamond miners are digging in
THE impending liquidation of Ekapa Mining following a deadly mudslide last month brings the curtain down on roughly 150 years of diamond mining in...
S&P cuts Botswana rating on diamond market woes
S&P Global Ratings has downgraded Botswana's long-term sovereign credit rating to BBB- from BBB, citing structural weakness in the global diamond market that will...
Lucara Diamond secures balance of funds for $779m Karowe
THE future of one of the world's richest diamond mines has finally been secured three years after its botched expansion threatened to bankrupt owner...
De Beers sale gets cheaper, though not easier
ANGLO American has massively downgraded the value of De Beers on its balance sheet, suggesting a bargain might be in the offing for its...
Petra Diamonds warns rand strength a “major headwind”
PETRA Diamonds continues to leak cash as "subdued" market prices were made worse by a strengthening of the rand against the dollar - identified...
Anglo takes $2.6bn hit on De Beers as gem destock continues
ANGLO American battled during the year to end-December reporting a 66% drop in basic underlying earnings per share on all operations (continuing and discontinued)...
Five miners missing after South Africa diamond mine mudslide
FIVE miners remained missing on Wednesday, more than 24 hours after a mudslide at Ekapa Mining's diamond mine in South Africa, said Reuters.
The Minerals...
Consortium likely buyer for De Beers, says Anglo CEO
ANGLO American CEO Duncan Wanblad said the sale of the firm's 85% in De Beers will almost certainly result in a public-private consortium taking...
Botswana to focus on exploration as diamonds struggle
BOTSWANA is accelerating mining exploration across 70% of its territory that has never been surveyed, as it seeks to reduce dependence on diamonds and...
Low diamond prices make De Beers sale more complex
STUBBORNLY low diamond prices had made the sale of De Beers "complex", said Duncan Wanblad, CEO of Anglo American, its 85% shareholder.
"It's complex mainly...