Diamond Top Stories

Lucapa recovers 176-carat diamond at Lulo mine in Angola

The diamond is the 45th +100 carat stone to be recovered from Lulo and the eighth largest since alluvial operations began in 2015.

Staff Writer | July 29, 2024 | 10:59 am

Gemfields auction revenue down amid market softening

Revenue from auctions was down 17% to $121 million for…

Staff Writer | July 26, 2024 | 7:46 am

Anglo American takes fresh $1.6bn writedown on UK fertilizer mine

Charge weighed on the miner’s swinging to a loss and…

Cecilia Jamasmie | July 25, 2024 | 3:46 am

Star Diamond boosts resource estimate for Orion South project in Saskatchewan

The company says the Star-Orion South project is the largest…

Amanda Stutt | July 24, 2024 | 4:31 pm

Botswana touts 24% stake in new mining companies for citizens

Under current legislation, the government is entitled to offer to…

Bloomberg News | July 23, 2024 | 8:57 am

BHP shares hit 3-month high as deadline for formal Anglo bid looms

BHP has until 16:00 GMT on Wednesday to make a binding bid for Anglo American.

Reuters | May 21, 2024 | 7:44 am

Past producing yellow diamonds mine in Australia set to reopen

Gibb River Diamonds is bringing the Ellendale mine, which yielded over 50% of the world’s fancy yellow diamonds a year, back to life.

Cecilia Jamasmie | May 21, 2024 | 3:39 am

Anglo shareholder LGIM supports break-up plan as BHP circles

LGIM is among Anglo's biggest investors with a stake of about 2%.

Reuters | May 20, 2024 | 10:01 am

BHP debates improved Anglo bid as time runs out in takeover saga

BHP faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few days?

Bloomberg News | May 18, 2024 | 2:03 pm

US lukewarm on G7 Russian diamond ban after industry backlash

Ban aims to curb another revenue stream for Russia.

Reuters | May 17, 2024 | 7:21 am

BHP needs to bid about $41 a share for Anglo, JPMorgan says

Anglo American has turned down BHP’s bids twice since April 25, stating the offers continue to considerably undervalue the company.

Reuters | May 17, 2024 | 4:03 am

Anglo American freezes hiring amid global shake-up

Anglo's decision affects recruitment of non-site-based permanent employees and contractors, while it works on a company-wide restructuring.

Staff Writer | May 16, 2024 | 5:08 am

BHP shareholders see room for one more sweetened Anglo bid

Shareholders in both companies interviewed by Bloomberg said there was still likely to be some room for a sweetened offer before a May 22 cut-off.

Bloomberg News | May 15, 2024 | 9:24 am

Lucapa to sell majority stake in Lesotho diamond mine

The diamond miner is also discussing options for the 30% in the Mothae mine held by the government of Lesotho.

Cecilia Jamasmie | May 15, 2024 | 3:20 am

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