Diamond Top Stories

Lucara finds world’s 2nd largest diamond ever mined

The “epic” diamond, as Lucara put it, was detected thanks to a special recovery technology, installed in 2017.

Cecilia Jamasmie | August 22, 2024 | 4:03 am

Anglo American to receive coal bids in September

The sale process includes the Grosvenor and Moranbah North mines…

Cecilia Jamasmie | August 20, 2024 | 4:02 am

Karelian Diamond wins land dispute case in Finland

Once developed, Lahtojoki would be the first diamond mine in…

Staff Writer | August 13, 2024 | 10:15 am

Botswana aims to negotiate bigger stake in HB Antwerp diamond dealer

Botswana's economy has been hit by a drop in demand…

Reuters | August 13, 2024 | 8:35 am

Lucara sales offer glimmer of hope to struggling diamond sector

Lucara's Karowe mine in Botswana generated $41.3 million in revenue,…

Staff Writer | August 12, 2024 | 6:34 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

Anglo American to sell De Beers, Amplats to fend off BHP’s bid

Anglo plans to focus on copper while spinning out or selling its less profitable diamond, platinum, coal and nickel businesses.

Cecilia Jamasmie | May 14, 2024 | 4:04 am

Anglo investors tell company to move faster to survive BHP bid

Anglo shareholders have been urging the company to explain how it would create more value than by just selling to the rival.

Bloomberg News | May 11, 2024 | 11:44 am

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