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...
Petra knocked on fears rand, blocked exports will crimp profit
PETRA Diamonds adjusted full year production guidance by up to 300,000 carats (ct), a development that is likely to crimp much-needed cash flow given...
GEM share flies on 910 carat whopper recovered at Letšeng
A 910 carat (ct) diamond recovered at GEM Diamonds' Letšeng mine in Lesotho could fetch more than $40m and help support the firm's under-pressure...
Diamond price lift to bolster De Beers’ Gahcho Kué in 2018
A FOUR percent increase in diamond prices would provide a boost to diamond mines especially at the Northwest Territories operation Gahcho Kué which is...
Desperately seeking the suitor after Gem’s Ghaghoo diamond mine
This article has been edited to remove the statement that Diacore is part of the Beny Steinmetz group. Miningmx apologises for the error.
Puzzling questions...
De Beers ends 2017 with “steady as she goes” diamond sales
Provisional diamond sales at the tenth - and last - De Beers “sight” for 2017 amounted to $450m which was 3% down on the...