Botswana Diamonds, Vast JV is “first step” into Zimbabwe
BOTSWANA Diamonds’ move to set up a joint exploration venture with London-listed junior miner Vast Resources looking for diamond deposits in Zimbabwe is a...
Petra in R2.2bn rights issue as rand, delays stress balance sheet
OPERATIONAL delays and an improvement in the value of the rand against the dollar has forced Petra Diamonds into a rights issue worth $178m...
Fallout from $2bn India bank fraud hits Gemfields emerald sales
PALLINGHURST Resources CEO, Sean Gilbertson, blamed poor emerald sales numbers from its Zambia mine Kagem on "... the fallout of the Nirav Modi fraud"...
Brown calls time at Firestone Diamonds after tough final year
STUART Brown has called it a day at Firestone Diamonds, the Lesotho-based diamond mining firm, where he has been CEO for five years. He...
Lucara Diamond Q1 costs exceed guidance as pressure builds
LUCARA Diamond Corporation, a Toronto-listed company operating in Botswana, kept the dividend steady at 2.5 Canadian cents per share amid a shakier operating performance...
Analysts say diamond market recovery will rescue Petra
A COMPANY contending with balance sheet pressures is Petra Diamonds, the UK-listed firm that has built a business by buying up the mines that...
Diamond market softens after robust first quarter sales
Sentiment in the diamond market is “softening as trading has started to slow ahead of summer” after restocking during March resulted in healthy diamond...
Illegal miners hit diamond output from Petra’s Kimberley operations
Illegal mining at Petra Diamonds’ Kimberley Ekapa Mining JV (KEM) near Kimberley affected production during the March quarter by restricting access to high grade...
Trans Hex shares jump as it gets rid of its Orange...
Diamond producer Trans Hex is selling its loss-making Baken and Bloeddrif mines for R72m in cash and speculation on the deal drove the share...
De Beers rough diamond sales down on 2017 volumes
De Beers’ provisional sales of rough diamonds at the third “sight” - or sales cycle - for 2018 amounted to $520m which was...