World’s fourth-biggest diamond mine cuts output

The largest diamond recovered in the first test run was 6.6 carats.

Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.

Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.

Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.

The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.

The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo.

Anglo raised the possibility it could start buying assets in SA, the latest sign of how much has changed in two years, when the miner was focused on selling.