The tasks of Sean Gilbertson as Gemfields embarks on fresh start
Pallinghurst Resources has undergone a sea change in the last six months, transforming from an investment trust into an operating mining group. It has...
Petra Diamonds profit dips, sees volatile prices
Petra Diamonds says core profit has fallen 5.4% in the year to end-June as higher rough diamond prices outweighs a decline in production and rising costs.
Pallinghurst gets boost from Mozambique ruby sales
PALLINGHURST Resources said a recent auction of rubies from its Montepuez operation in Mozambique showed strong market support for the semi-precious stone with some...
Petra Diamonds says no production impact after 3 million tons of...
PRODUCTION would be disrupted for a day at Petra Diamonds' Cullinan mine, east of Pretoria, following a "scaling" incident at the mine's open pit...
Lucapa ices Merlin feasibility study as diamond market bites
LUCAPA Diamonds has iced its Merlin feasibility study owing to a decline in diamond prices, saying that it was weighing low cost alternatives.
The project,...
Botswana passes on $1.26bn De Beers rights
Anglo American says its has lifted its stake in De Beers from 40% to 85% after the Botswana government passed on its pre-emptive rights worth $1.26bn.
Rockwell, Zungu settle R60m debt dispute
Rockwell Diamonds will assume control of a mining asset owned by Sandile
Zungu’s African Vanguard Resources, bringing an end to the parties’ R60m
dispute over an unpaid BEE deal.
Petra’s founding chairman, Adonis Pouroulis, steps down from board after 23...
ADONIS Pouroulis today stepped down from the board of Petra Diamonds, a company he founded and led for 23 years. He is succeeded by...
Petra Diamonds keeps faith in diamond market deficit as production ramps...
The question hanging over Petra Diamonds’ plans to ramp up output by 1.3 million carats over the next three years is whether this production...
Lucara fields inquiries “every week” for 1,111 carat Lesedi gem
LUCARA Diamond Corporation was receiving two to three inquiries per week from people interested in buying Lesedi La Rona (Our Light), a 1,111 carat...