MINING.COM

Zimbabwe changes majority black ownership for diamond, platinum mines

The mpowerment laws now limit majority ownership by state miners only to the diamond and platinum sectors, as oppose to the entire mining sector.

Cecilia Jamasmie | March 19, 2018 | 3:44 am

De Beers, Mountain Province go after Kennady Diamonds to expand joint Canadian mine

The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.

Cecilia Jamasmie | March 16, 2018 | 5:57 am

Russian diamond company Alrosa posts 28% profit fall

The average price of its gem-quality diamonds fell by 9% in 2017, it said, citing "changes in the product mix".

Reuters | March 15, 2018 | 12:07 pm

Gem Diamonds soars as it finds seventh giant rock this year

It's a 169-carat, top white colour Type IIa rock diamond dug up at the company's flagship Letšeng mine in Lesotho.

Cecilia Jamasmie | March 14, 2018 | 9:39 am

Fifth-largest gem quality diamond in history sold for $40 million

Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.

Cecilia Jamasmie | March 13, 2018 | 6:20 am

Newfield acquires Stellar Diamonds for $23.6 million

Under the deal, Newfield will lend Stellar $3 million to help it over its immediate short-term cash needs, while undertaking a right issue to raise A$30 million (roughly $23.6m) to re-finance the blended company.

Cecilia Jamasmie | March 12, 2018 | 8:48 am