Diamond slump to hold back Namibia’s economic growth
A SLUMP in the diamond market would create a difficult fiscal backdrop for Namibia despite the southern African country forecasting modest growth this year.
This...
Anglo starts initial talks on possible De Beers IPO
TALKS have started over the potential listing of De Beers as 85% shareholder Anglo American sets about the most difficult part of its wide-ranging...
De Beers, Botswana formally sign new marketing agreement
ANGLO American said on Tuesday Botswana's government had formally signed a new diamond marketing agreement with De Beers – a development that represented "a...
Lucara upbeat on stabilised diamond market
LUCARA Diamond Corp. CEO William Lamb took an upbeat view of the diamond market saying it had probably bottomed out in the fourth quarter...
Hefty De Beers write-down takes Anglo into headline loss
A $2.9BN write-down of De Beers took parent company Anglo American into a $3.1bn headline earnings loss for the 12 months ended December.
Anglo CEO...
Lucapa Diamond Co. ends blockade at Angolan mine
LUCAPA Diamond Company said on Thursday mining had resumed at its Lulo mine in Angola following an 18-day blockade by local leaders.
Processing continued during...
Zambia suspends 15% export duty on emeralds
ZAMBIA has suspended a 15% export duty on emeralds following meetings with the country's mining sector.
Effective on January 1, the export duty would almost...
Petra Diamonds CEO Richard Duffy resigns amid debt crunch
PETRA Diamonds today announced the resignation of its CEO Richard Duffy ending nearly six – largely difficult – years at the company blighted by...
Museums join queue for Lucara’s latest giant diamond
LESEDI La Rona, the 1,109 carat diamond recovered from Karowe’s south lobe open pit by operator Lucara Diamond Corp. in 2015, astonished the world.
At...
Lucara completes $54m sale of high carat diamonds
LUCARA Diamond said on Wednesday it had concluded the sale of two diamonds – the 549 carat Sethunya diamond and the 1,080 carat Eva...