Petra sticks to its guns saying diamond boom intact despite global...
PETRA Diamonds CEO Richard Duffy is maintaining his optimistic outlook on diamond market conditions despite the current macro-economic turmoil caused by the war in...
Gemfields says “basic operations” resume following evacuation of Montepuez ruby mine
GEMFIELDS said "basic operations" had resumed at its Montepuez ruby mine in Mozambique which had been evacuated last week following an attack on a...
Gemfields evacuates Montepuez ruby mine as insurgency flares up at neighbour
MINING had stopped at Gemfields' 75%-owned Montepuez mine in Mozambique following an attack on a neighbouring property thought to be perpetrated by insurgents.
The ruby...
RioZim to buy Namibia diamond mine as part of international expansion
RIOZIM has bought Sperrgebiet Diamond Mine in Namibia as the Zimbabwean group seeks to expand in Africa, said Bloomberg News.
"The group has been trying...
Cleaver calls time on De Beers executive role as group unveils...
BRUCE Cleaver, CEO of De Beers, is to step down from the diamond group in 2023 and will be replaced by Al Cook, an...
De Beers’ eighth cycle rough diamond sales fall to $500m as...
ROUGH diamond sales declined to $500m in De Beers' eight cycle compared to seventh cycle sales of $638m - a downturn the group said...
Gemfields announces $15m interim payout, seeks approval for $10m share buy-back
GEMFIELDS today declared an interim dividend of $15m following "sparkling" results which CEO Sean Gilbertson colourfully remarked were akin to pulling "a very well-groomed...
Russia’s Alrosa discovers 22 new diamond deposits in Zimbabwe, says Mnangagwa
ALROSA, Russia's diamond mining firm, has discovered 22 new diamond deposits in Zimbabwe, said Bloomberg News citing the comments of the southern African country's president,...
Updated: Second dam burst at Jagersfontein mine denied by owner
A SECOND dam burst at the Jagersfontein diamond mine in South Africa's Free State, according to a report by BusinessLive citing eNCA, a broadcaster.
However,...
Gemfields doubles interim profit as auctions return to normal service
GEMFIELDS said in a trading statement today it expected to report a taxed interim profit of $56.7m for the period ended-June 30 after its...