New draft decree proposes limiting issuance of mining titles in Colombia’s vulnerable ecosystems

Colombia’s government made public a draft decree aimed at setting new criteria for establishing temporary natural reserves within the context of mining and environmental regulations.

Valentina Ruiz Leotaud | July 23, 2023 | 11:15 am

Lucara underground Karowe diamond mine cost jumps 25% to $683m

Underground production will be delayed to the first half of 2028, rather than the second half of 2026.

Staff Writer | July 18, 2023 | 10:24 am

Petra Diamonds misses production target for 2023 on lower grades

It produced 2.67 million carats for the year to June 2023, down by 20% from fiscal 2022 and below its guidance of 2.75-2.85 million carats.

Cecilia Jamasmie | July 18, 2023 | 3:41 am

De Beers deal is boon for Botswana’s economy, president says

Under the new accord, Botswana’s state-owned diamond trader will get 30% of the output from Debswana.

Bloomberg News | July 14, 2023 | 8:18 am

Lucapa Diamond achieves debt-free status

The diamond producer is now interest-bearing debt free, having repaid about $20 million over an 18-month period.

Cecilia Jamasmie | July 4, 2023 | 5:08 am

De Beers-Botswana deal signals rocky road for rough diamonds

De Beers, along with the rest of the global diamond sector, is facing headwinds from a 6.5% drop in diamond prices in the year to date.

Reuters | July 3, 2023 | 11:44 am

De Beers agrees to give Botswana more rough diamonds in new sales pact

A new deal gradually increases to 50% the share of rough stones Botswana gets from its joint venture with De Beers.

Reuters | July 2, 2023 | 10:31 am

New study quantifies violations of Indigenous peoples’ rights by extractive industries

Ten universities joined forces to conduct the largest quantitative analysis to date of the violations of Indigenous peoples’ rights by extractive and industrial developments.

Staff Writer | June 18, 2023 | 7:24 am

Fura Gems to invest more than $200m in Colombia mine over five years

The company is holding its fourth auction of uncut emeralds from its Coscuez mine in central Boyaca province this week.

Reuters | June 14, 2023 | 11:13 am

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Last

Plane carrying Rio Tinto workers crashes in Canada’s Northwest, six dead

Gahcho Kué diamond sales fall on weaker demand

Canada gives mineral-rich Arctic region of Nunavut control over its resources

De Beers cuts diamond prices to revive sales

Gem Diamonds and Lucara find first big stones of 2024

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