Anglo American’s diamond unit takes sparkle away from results

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

Lucara is still trying to sell the second-largest diamond ever discovered.

Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.

The Chidliak mine, in Canada’s Nunavut, is expected to produce around 12 million carats during its 10-year lifespan.

It measures 42.11 by 34.26 by 16.07 mm, and is translucent with a grey hue.

Kimberley Treasure coin was struck by The Perth Mint from one kilogram of 99.99 per cent pure gold, and features an image of a red kangaroo holding a 0.54 carat red gemstone between its front paws.

Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.

The sum obtained after selling 10.9% of the state-controlled diamond producer will be used to cut budget deficit, the government said.

The move comes as the company readies to open what it calls the world’s biggest diamond mine currently under construction.