Lucara brings Karowe expansion back from brink with new debt deal
LUCARA Diamond said on Wednesday it had secured finance for the completion of the $683m underground expansion of its Karowe diamond mine in Botswana.
This...
Petra says buyer may save SA’s historic Koffiefontein mine
THE historic Koffiefontein diamond mine in South Africa's Free State province could be granted a new lease on life after owner, the UK-listed Petra...
Petra increases credit facility to counter ‘lower-for-longer’ market
PETRA Diamonds has increased its revolving credit facility by R750m to a total of R1.75bn in preparation for a "weaker-for-longer diamond" market, the company...
Lucapa ices Merlin feasibility study as diamond market bites
LUCAPA Diamonds has iced its Merlin feasibility study owing to a decline in diamond prices, saying that it was weighing low cost alternatives.
The project,...
GEM ends haulage contract with Lesotho prime minister’s company
GEM Diamonds has chosen to end a long-standing contract with a load and haul company serving its Letšeng mine in Lesotho after the supplier's...
De Beers’ sales fall to $80m as diamond miner waits on...
ROUGH diamond sales shrank to $80m for De Beers' penultimate sales cycle for 2023 as the Anglo American company limited supply in response to...
De Beers signs five year wage deal with NUM
DE BEERS on Thursday announced a five year wage deal with the National Union of Mineworkers (NUM) for employees at its Venetia Mine and...
Are diamonds for Anglo? De Beers’ slump raises questions
IN 2022, Petra Diamonds CEO Richard Duffy said the market for diamonds was undergoing a positive "structural change". It was not a "bubble or a...
Petra defers $65m in capex at SA mines as diamond inventories...
PETRA Diamonds is to defer $65m of its capital extension programmes at the Cullinan and Finsch mines with immediate effect but will not spell...
Petra sales fall as diamond market continues to falter
PETRA Diamonds continued to suffer the effects of declining market prices reporting second tender sales of $40.9m – 49% lower than the first tender sales...