Lucapa raises $5.25m from rights issue to “preserve mining assets” affected...
LUCAPA Diamond Company said $5.25m raised in funds following a rights issue would be used to "preserve" mining assets affected by COVID-19 pandemic lockdowns,...
DRC suspends board of state-owned diamond firm Miba on governance concerns
THE board and management of Miba SA, the Democratic Republic of Congo's (DRC's) state-controlled diamond company, has been suspended, according to a report by...
Petra Diamonds to present bondholders with draft capital restructuring plan by...
PETRA Diamonds has committed to a draft plan detailing its capital restructuring plans by the end of June in terms of a condition applied...
De Beers discussing temporary move of diamond sales from Botswana with...
DE Beers is in discussions with the Botswana government to move diamond sales from its capital, Gaborone, nearer to buyers in international centres in...
Diamond producers likely confirm sector at standstill owing to COVID-19 lockdowns
UPDATES from the world's largest diamond producers this week were likely to confirm that the global industry had come to a near standstill, said...
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...