Diamonds

Lucara studying finance options for $514m Karowe expansion as COVID-19 addles...

LUCARA Diamond Corporation is weighing the proportion of cash it can put into the proposed $514m underground expansion of its Karowe mine in Botswana...

Petra Diamonds in crunch talks with bondholders as firm seeks R400m...

PETRA Diamonds is hoping to persuade bondholders to agree to a postponement of interest due to them so it can drawn down on R400m...

Nambeb increases first quarter diamond production 5.8% before lockdown applied

FIRST quarter diamond production by Namdeb, a joint venture between the Namibian government and De Beers, increased 5.8% year-on-year, said Reuters. Citing a statement by...

Impact of COVID-19 may ring in changes for diamond industry back...

IN a world boiled down to 'essentials', it’s easy to see why the anguished cries of celebrities "trapped" in their multi-million dollar holiday homes...

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...