Lucapa appoints ex-De Beers head as non-executive chairman
LUCAPA Diamond Co. said it had appointed ex-De Beers head Stuart Brown as its non-executive chairman. He replaces Mikes Kennedy in the role.
In addition...
Petra to restructure Finsch in effort to stem cash flow leakage
PETRA Diamonds has issued a restructuring notice to employees at its Finsch mine in South Africa as part of efforts to stem negative cash...
Gemfields looking for fillip from Mozambique gold prospect
GEMFIELDS might seek a partner to help it develop its Nairoto gold prospect in Mozambique if drilling results support further investment.
Commenting during the ruby...
Modest lift in De Beers’ sales as gradual recovery begins
DE Beers reported a modest increase in rough diamond sales for the second sales cycle of its financial year which CEO Al Cook said...
Petra CFO Breytenbach resigns from diamond firm
PETRA Diamonds' CFO of seven years, Jacques Breytenbach, has resigned for "personal reasons". Breytenbach would present the firm's 2024 financial results towards the end...
Petra cuts output target amid sluggish diamond price recovery
PETRA Diamonds remained stuck firmly in the red for the six months to end-December and the outlook for the full year to end-June is...
Lucara re-enters diamond sales agreement with HB Antwerp
LUCARA Diamond Corp, the Toronto-listed miner, has re-entered a diamond sales agreement with cutter and polisher HB Group for goods larger than 10.8 carats...
Anglo facing ‘uphill battle on the trust front’, says bank
ANGLO American had an uphill task in winning back the trust of investors, according to analysts at Bank of America.
Commenting in a report on...
De Beers to assess previously explored deposits in Angola
DE Beers has extended its involvement in Angola's diamond sector, saying on Tuesday it had signed an agreement with the southern African country aimed...
Petra capital plans target positive cash flow in 2024/25 financial
PETRA Diamonds would be free cash flow negative in the short-term, especially as the diamond market remained volatile, but a restructure of its capital...