Diamonds

GEM slashes executive, management pay as looks to restart Letšeng post...

GEM Diamonds had enough cash to see it through Lesotho's lockdown period, which is scheduled to end today, and ramp up Letšeng mine to...

Firestone mothballs Liqhobong as COVID-19 pressure bears down on diamond sector

THE pressure of downtime imposed by the COVID-19 pandemic is starting to tell on southern Africa's diamond sector after Firestone Diamonds announced it would...

Lucapa sells diamonds for $2m in upfront revenue deal with ‘high-end...

LUCAPA Diamond Company has sold diamonds from its Mothae mine in Lesotho directly to a 'high-end diamantaire' realising $2m in upfront revenue. The company sold...

Petra shutters Tanzania mine Williamson, draws down R500m for working capital...

PETRA Diamonds has put its Williamson mine in Tanzania on care and maintenance citing an "... unprecedented depressed market environment". The UK-listed firm, which has...

Gemfields warns extended COVID-19 travel restrictions could wipe out $25m cash...

THE financial performance of Gemfields this year would be heavily affected by the COVID-19 pandemic which had "put on hold" gemstone auctions responsible for 93%...

Lucara Diamond adopts flexible stance on Karowe underground project start-up in...

LUCARA Diamond Corporation suspended guidance for its 2020 financial year, and said it had the flexibility to delay the proposed development of the underground...

GEM Diamonds says it raised $12.1m from first round of flexible...

GEM Diamonds realised $12.1m in sales from the first round of its newly instituted Letšeng flexible tender process. The flexible tender process was put in...

Petra’s founding chairman, Adonis Pouroulis, steps down from board after 23...

ADONIS Pouroulis today stepped down from the board of Petra Diamonds, a company he founded and led for 23 years. He is succeeded by...

De Beers cancels third diamond sight as COVID-19 travel restrictions hit...

DE BEERS has cancelled its third sight for the 2020 financial year owing to travel restrictions placed on buyers as a result of COVID-19. Anglo...

Petra retains Rothschild & Co to assess “strategic options” as COVID-19...

THESE are unpleasant times for most mining shares, but perhaps more so for Petra Diamonds which has seen plans to climb out of its...