Lucapa Diamond re-opens Mothae mine after six month Covid-19 induced hiatus
LUCAPA Diamond Company has re-opened Mothae mine in Lesotho after a six month Covid-19 induced hiatus, the company said on Thursday.
The mine will be...
Petra Diamonds averts NUM strike with one-year, above-inflation wage deal
PETRA Diamonds confirmed it had concluded a one-year wage agreement with the National Union of Mineworkers (NUM) which said last week it was preparing...
Soros Foundation said to have instigated failed legal case against Steinmetz...
Updated to include comment from Reuters that it stands by its reporter's coverage.
THE High Court in Sierra Leone has kicked out the case against...
De Beers cuts prices for smaller stones as signs of market...
DE BEERS cut its prices for smaller diamonds in an effort to draw more customers back into the sector, said Bloomberg News.
Citing market sources, the...
Jobs reduction a possibility for De Beers as Anglo firm continues...
THE onset of the Covid-19 pandemic accelerated De Beers' plans to transform - a process that was "ongoing", the group said today.
"The wide-ranging effects...
Petra Diamonds says restructure may result “in significant level of equity...
PETRA Diamonds today raised the possibility of significant dilution for equity holders in order to climb out of the liquidity crisis engulfing the company.
The...
De Beers warns of slow market recovery as moves to flexible,...
DE BEERS warned it would "take some time" for the diamond market to return to pre-Covid-19 levels, but a recovery in rough diamond demand...
Lucapa to restart Mothae mine in Lesotho in Q4, to operate...
LUCAPA Diamond Company said its Mothae mine in Lesotho would restart production by the fourth quarter following agreement with the government.
The Sydney-listed firm also...
Petra to investigate ‘human rights abuses’ at Williamson mine as allegations...
THE problems mounted for Petra Diamonds which said today it was conducting an investigation into allegations lodged in a UK High Court filing of...
GEM not interested in buying “lovely” Petra Diamonds assets after kicking...
GEM Diamonds was unlikely to bid for Petra Diamonds or any of its assets, according to the firm's CEO, Clifford Elphick, today.
Asked for his...