US tariffs force diamond sales delays in further financial blow to...
Petra Diamonds has postponed the sale of about 200,000 carats of diamonds produced from its Cullinan mine near Pretoria because of the “considerable diamond...
Lucara terminates contract of Karowe project manager
LUCARA Diamond Corp. said on Monday it would take a hands-on approach to the completion of the $684.3m Karowe underground project, the costs of...
Diamond slump to hold back Namibia’s economic growth
A SLUMP in the diamond market would create a difficult fiscal backdrop for Namibia despite the southern African country forecasting modest growth this year.
This...
Anglo starts initial talks on possible De Beers IPO
TALKS have started over the potential listing of De Beers as 85% shareholder Anglo American sets about the most difficult part of its wide-ranging...
De Beers, Botswana formally sign new marketing agreement
ANGLO American said on Tuesday Botswana's government had formally signed a new diamond marketing agreement with De Beers – a development that represented "a...
Lucara upbeat on stabilised diamond market
LUCARA Diamond Corp. CEO William Lamb took an upbeat view of the diamond market saying it had probably bottomed out in the fourth quarter...
Hefty De Beers write-down takes Anglo into headline loss
A $2.9BN write-down of De Beers took parent company Anglo American into a $3.1bn headline earnings loss for the 12 months ended December.
Anglo CEO...
Lucapa Diamond Co. ends blockade at Angolan mine
LUCAPA Diamond Company said on Thursday mining had resumed at its Lulo mine in Angola following an 18-day blockade by local leaders.
Processing continued during...
Zambia suspends 15% export duty on emeralds
ZAMBIA has suspended a 15% export duty on emeralds following meetings with the country's mining sector.
Effective on January 1, the export duty would almost...
Petra Diamonds CEO Richard Duffy resigns amid debt crunch
PETRA Diamonds today announced the resignation of its CEO Richard Duffy ending nearly six – largely difficult – years at the company blighted by...