De Beers registers $750m in October sight
De Beers’ marketing arm, the Diamond Trading Company, is estimated to have sold
$750m in rough diamonds, the best sight of the year so far.
Carroll takes up De Beers chair
Cynthia Carroll, CEO of Anglo American, has been appointed chairperson of diamond
business De Beers in which the UK-listed group recently extended control to 85%.
Scouting for diamonds in the rough
Don’t sell your diamond shares. And definitely don’t sell them if you happened upon
the irrepressibly enthusiastic reports of meteorites holding trillions of carats.
Anglo completes De Beers transaction
Anglo American says it has completed the acquisition of the Oppenheimer
family’s 40% stake in De Beers.
DTC sales channel not threatened by Botswana shift
De Beers’ Diamond Trading Company says sightholders will flock to Botswana
once sights are held there in about a year’s time, according to group CEO
Philippe Mellier.
Trans Hex, De Beers rewrite Namaqualand deal
De Beers will continue to hold one mining right and the majority of the
environmental liability once its transaction with Trans Hex over the sale of
Namaqualand Mines is concluded.
Petra to cast net wide for “fissure mine’ buyers
Johan Dippenaar, Petra Diamonds CEO, says the non-core fissure mines have up
to 12 years of life left, with a deal to be finalised within months.
Gem orders capex review as market fades
Gem Diamonds, the London-listed diamond group operating in Lesotho, said it
would reconsider its capital expenditure plans amid weaker prices for diamonds.
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.
DiamondCorp loan approved for Free State mine
DiamondCorp said it hoped to strengthen funding for its Lace mine development
following inquiries for offtake from diamond buyers.