Lucapa raises A$16.5m as Angola diamond policy begins thaw
LUCAPA Diamond Corporation (Lucapa) has raised A$16.5m in a share placement which included a "new cornerstone investor" - a development that was a major vote of...
US rate cuts likely to boost 2018 Debswana diamond sales
DEBSWANA Diamond Mining, a joint venture between the Botswana government and De Beers, which is 85% owned by Anglo American, expected strong diamond demand this...
Zimbabwe to run inquiry into missing Marange diamond revenue
ZIMBABWE had started an inquiry into allegations that diamonds worth $15bn had been stolen from the country's Marange mines, said mines minister, Winston Chitando.
"The...
Zimbabwe to debate ending state-control law for platinum, diamonds
A LAW in Zimbabwe that demands state control of platinum and diamond mines ought to be relaxed in order to achieve policy consistency, said...
Curtain falls on Pallinghurst as adopts pure play gems strategy
PALLINGHURST Resources unveiled a major shift in strategy today in which it will sell down its exposure to steel feed minerals through a relisting...
GEM Diamonds sets $100m cost-saving drive at Letšeng mine
HAVING twice run up blind alleys seeking international expansion, GEM Diamonds is setting its sights on maximising the jewell in its crown with a...
Lucara to build marketing arm as Lamb steps down as CEO
LUCARA Diamond Corporation (Lucara), the Botswana-based miner, today unveiled ambitious plans to add a marketing arm to its mining business following the purchase of...
Costs to rise for Lucara in 2018 as it seeks new...
LUCARA Diamond Corporation forecast lower revenue and higher cash costs for its current (2018) financial year as it trawled through increased waste in order...
Millennials being lied to by synthetic diamond manufacturers
IT appears the under-35 cohort are behind the demand for synthetic diamonds, drawn not only to the disruptive appeal of the tech-produced stones, but...
Lucapa talks up Angola despite Endiama’s tight grip on control
AUSTRALIAN-listed junior, Lucapa Diamond Company, talked up diamond mining prospects in Angola on the back of the success of its Lulo alluvial diamond mine...