Petra Diamonds in $16.8m Ekapa JV sale as targets cash flow
PETRA Diamonds moved to inject a touch more liquidity in the business and free up management time after agreeing to sell its shares in...
Executive bonuses opposed as Pallinghurst becomes Gemfields
EXECUTIVE pay raised its controversial head again at the annual general meeting (AGM) of Pallinghurst Resources with 29.64% of shareholders voting against the adoption...
De Beers playing poker with perception by launching Lightbox?
ANGLO American’s 85%-owned De Beers may have pulled off a strategic coup by unveiling plans to launch a new brand of synthetic diamonds. These...
Petra deal all but solves Kimberley artisanal mining problem – for...
SOME 830 former illegal miners operating on Petra Diamonds’ lease area at Kimberley have been now been legalised as artisanal miners on ground given...
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...
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...