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De Beers in the firing line as BHP bids for Anglo...

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De Beers could be on the chopping block along with Anglo American Platinum and Kumba Iron Ore if BHP’s all-share offer to take over...

De Beers chops its production forecast for 2024 as the diamond...

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De Beers has chopped its rough diamond production forecast for 2024 by about 10% dropping it to between 26m and 29m carats from the...

The global rough diamond market continues its gradual recovery but it’s...

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The gradual recovery in the rough diamond market noted by De Beers in January and March has continued with a further rise in diamond...

Petra holds its ground on the operating and financial fronts as...

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Petra Diamonds showed some welcome operating stability in the March quarter while the company confirmed its production guidance for the financial year to end-June...

ETFs in diamonds backed as a necessary step change

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AFTER missed copper production guidance last year, the next most criticised aspect of Anglo American’s performance for the 12 months ended December was its...

Lucapa appoints ex-De Beers head as non-executive chairman

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LUCAPA Diamond Co. said it had appointed ex-De Beers head Stuart Brown as its non-executive chairman. He replaces Mikes Kennedy in the role. In addition...

Petra to restructure Finsch in effort to stem cash flow leakage

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PETRA Diamonds has issued a restructuring notice to employees at its Finsch mine in South Africa as part of efforts to stem negative cash...

Gemfields looking for fillip from Mozambique gold prospect

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GEMFIELDS might seek a partner to help it develop its Nairoto gold prospect in Mozambique if drilling results support further investment. Commenting during the ruby...

Modest lift in De Beers’ sales as gradual recovery begins

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DE Beers reported a modest increase in rough diamond sales for the second sales cycle of its financial year which CEO Al Cook said...

Petra CFO Breytenbach resigns from diamond firm

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PETRA Diamonds' CFO of seven years, Jacques Breytenbach, has resigned for "personal reasons". Breytenbach would present the firm's 2024 financial results towards the end...