Petra Diamonds lays out new $100m/y expansion plans
PETRA Diamonds on Thursday detailed expansion plans for its Finsch and Cullinan mines in South Africa in which production is projected to between 3.4...
Diamonds in ‘downward spiral’ as De Beers sales falter again
ROUGH diamond sales fell again for De Beers with no signs of the much desired diamond market recovery on the way.
Al Cook, De Beers...
Lucapa Diamond Co. sells Mothae to local contractor
LUCAPA Diamond Company is to sell its 70% stake in Mothae mine to Lephema Executive Transport, a local company that supplies services to the...
Petra Diamonds agrees five year wage deal with NUM
PETRA Diamonds announced on Monday a five-year wage agreement with the National Union of Mineworkers (NUM) granting employees annual increases of 5.75% to 6.5%...
Gemfields appoints former De Beers boss as board chair
EMERALD and ruby miner Gemfields scored a coup with the appointment of former De Beers CEO Bruce Cleaver as its non-executive chairperson, effective July...
Botswana in talks to increase stake in De Beers
BOTSWANA is in talks to increase its shareholding in De Beers, said Bloomberg News citing the comments of the country's president Mokgweetsi Masisi.
"We are...
De Beers CEO says firm will be better outside Anglo
DE Beers was already planning to become independent of Anglo American prior to the parent firm's restructuring announcement, said News24.
Citing De Beers CEO Al...
Selling De Beers is high jeopardy for Anglo boss, analysts say
BOTSWANA may seek to increase its stake in De Beers as part of the diamond company's sale by majority shareholder Anglo American.
Reuters cited a...
Gemfields registers early resource for Mozambique gold prospect
GEMFIELDS described drilling results from its Nairoto Gold Project in Mozambique as "exciting initial and early stage news" after defining an inferred mineral resource...
Botswana seeking quick separation from Anglo
BOTSWANA president Mokgweetsi Masisi wanted a quick separation from Anglo American in terms of the UK group's plans to sell its 85% stake in...