December 11, 2019 Alrosa to mine first diamonds from Angola in mid-2020 The Russian miner and its local partner, Catoca Mining, say Luaxe could produce 1 million carats, worth $90 million, next year.
December 10, 2019 Petra Diamonds restarts South African mines Mines across South Africa have shut down after flash flooding triggered the most severe power blackouts in more than a decade.
December 10, 2019 ICMM updates mine-community relations guide to reflect investors’ pressure Improved guidance integrates the eight effectiveness criteria of the UN Guiding Principles on Business and Human Rights.
December 10, 2019 Anglo American cuts output targets for coal, iron ore and diamonds While bullish on copper, the miner has also cut production guidance for 2020 to between 620,000 and 670,000 tonnes.
December 9, 2019 Petra Diamonds halts all mines in South Africa due to power issues Production, hoisting and processing have stopped immediately at Cullinan, Finsch and Koffiefontein mines.
December 4, 2019 Firestone Diamonds’ Liqhobong mine back at full tilt as power returns Processing was halted from Oct.1 to Oct. 26, when diesel generators were commissioned. The plant then operated at between 80% and 90% capacity throughout November.
December 2, 2019 Diamond industry’s torrid year set to continue for some time The crisis afflicting the diamond industry won’t end anytime soon, according to Liberum Capital Markets.
November 29, 2019 Lucara bets on diamond market recovery, plans mine expansion The company has earmarked $53 million for early work on a planned underground mine at Karowe. A final investment decision will be made in the second half of 2020.
November 28, 2019 Zimbabwe’s ZCDC plans debut international diamond sale in 2020 ZCDC has cut its diamond production forecast for this year by 24% to 3.1 million carats, but sees a rebound to 6.12 million carats in 2020.
November 27, 2019 Tomra sorter boosts Lucara’s exceptional finds Lucara’s success at the Karowe mine continues, most recently with rare gem quality blue and pink diamonds recovered in September 2019.
Hedge funds cut bullish gold wagers to lowest in 15 weeks Hedge funds and other large speculators reduced net-long positions by 23%. February 06, 2026 | 03:33 pm
