Diamond Top Stories

Lure of Anglo’s copper mines could test BHP’s spending resolve

BHP needs to offer at least a 40% premium over Anglo's share price for a new takeover bid, but its CEO has committed to spending discipline.

Reuters | December 20, 2024 | 5:00 am

Petra Diamonds cuts forecasts, jobs amid market weakness

Sales revenue for the third tender fell 7% to $71…

Cecilia Jamasmie | December 20, 2024 | 3:57 am

Alrosa’s 2024 diamond output falls by 4.6%

The miner announced plans last month to suspend some production…

Reuters | December 18, 2024 | 7:50 am

Lucara names two largest diamonds found in 2024

The 2,488ct diamond is named Motswedi ("water spring") and the…

Cecilia Jamasmie | December 18, 2024 | 5:33 am

Botswana faces worst downturn since 2020 as diamond sales slump

Botswana’s economy may contract by 1.7% this year due to…

Bloomberg News | December 6, 2024 | 7:08 am

Botswana holds main interest rate as diamond slump saps economy

Declining earnings from diamonds have limited government spending.

Reuters | December 5, 2024 | 6:53 am

Rio Tinto unveils lithium resource at Rincon project

It would produce 53,000 tonnes of battery-grade lithium carbonate annually over a 40-year mine life, with plans to expand to 60,000 tpy.

Cecilia Jamasmie | December 4, 2024 | 3:43 am

Rio Tinto holds tender with legacy inventory from Argyle and Diavik mines

Bids came in from 12 regions across Australia, Europe, Japan, Hong Kong, the Middle East, Singapore and North America, Rio said.

Staff Writer | December 3, 2024 | 4:23 pm

Gem Diamonds unveils cost-savings plan for Lesotho mine

Revised life-of-mine plan will reduce total waste stripping by 65.8 million tonnes, leading to an estimated cost saving of $180 million.

Staff Writer | December 3, 2024 | 5:49 am

De Beers closes 2024 with huge price cuts

The world’s largest diamond producer by value has reportedly cut prices between 10% and 15% across the board.

Cecilia Jamasmie | December 2, 2024 | 6:18 am

Diamond miners face turning point amid weak prices — report

McKinsey & Co. consultants say current downturn presents significant challenges, but it also offers a chance for reinvention.

Cecilia Jamasmie | November 26, 2024 | 9:23 am

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Lure of Anglo’s copper mines could test BHP’s spending resolve

Petra Diamonds cuts forecasts, jobs amid market weakness

Alrosa’s 2024 diamond output falls by 4.6%

Lucara names two largest diamonds found in 2024

Botswana faces worst downturn since 2020 as diamond sales slump

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Botswana holds main interest rate as diamond slump saps economy

Rio Tinto unveils lithium resource at Rincon project

Rio Tinto holds tender with legacy inventory from Argyle and Diavik mines

Gem Diamonds unveils cost-savings plan for Lesotho mine

De Beers closes 2024 with huge price cuts

Botswana Diamonds gets environmental nod for Thorny River

Oman firm replaces sanctioned Alrosa in Angolan diamond miner

Botswana to become certifier in G7 Russian diamond ban

Diamond miners face turning point amid weak prices — report