December 5, 2024

Botswana holds main interest rate as diamond slump saps economy

Declining earnings from diamonds have limited government spending.

December 4, 2024

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.

December 3, 2024

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.

December 3, 2024

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.

December 2, 2024

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.

November 29, 2024

Botswana Diamonds gets environmental nod for Thorny River

Company expects the mining permit to be granted within the next six weeks, following further community consultations.

November 28, 2024

Oman firm replaces sanctioned Alrosa in Angolan diamond miner

Alrosa, which held a 41% interest in the Catoca operation, has been sanctioned by the US, EU and their allies.

November 27, 2024

Botswana to become certifier in G7 Russian diamond ban

Major African producer will join Antwerp as an origin certifier of rough diamonds for export to the group.

November 26, 2024

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.

November 26, 2024

Alrosa announces new agreement with Russian state diamond fund

The fund will receive the new diamonds by the end of 2024.