Diamond Top Stories

Petra defers another diamond tender amid weak demand

Petra is holding on to the diamonds from its South African operations, but will sell those from its Williamson mine in Tanzania as planned.

Cecilia Jamasmie | August 6, 2024 | 3:43 am

VIDEO: Cautious optimism in the mining sector as South Africa’s new government takes office

The sector employs nearly half a million people and contributes…

Staff Writer | August 5, 2024 | 10:36 am

Winsome buys more time to assess Renard deal

Winsome plans to repurpose the existing infrastructure for lithium processing…

Northern Miner Staff | August 2, 2024 | 11:03 am

Diamond sales at Debswana fall 49.2% as market downturn continues

In the first half of the year, Debswana sold diamonds…

Reuters | August 1, 2024 | 6:43 am

Lucapa recovers 176-carat diamond at Lulo mine in Angola

The diamond is the 45th +100 carat stone to be…

Staff Writer | July 29, 2024 | 10:59 am

BHP walks away from proposed $49bn takeover of Anglo American

Less than an hour before the 5 p.m. UK cut off, BHP confirmed it had failed to secure Anglo’s board backing and would not proceed with the takeover.

Cecilia Jamasmie | May 29, 2024 | 4:05 am

BHP and Anglo remain split on South Africa as time runs out

BHP has until 5 p.m. London on Wednesday to commit to an offer.

Bloomberg News | May 28, 2024 | 10:32 am

Lucapa recovers 195-carat diamond from Lulo mine

The diamond is the sixth largest and the 44th +100 carat stone to be recovered from the Lulo mine in Angola.

Staff Writer | May 28, 2024 | 10:10 am

JPMorgan says BHP plan risks $4.3 billion South Africa outflow

Such an outflow, if a deal goes ahead, could weaken the rand.

Bloomberg News | May 27, 2024 | 7:05 am

BlackRock encouraged Anglo to extend talks with BHP

Anglo American was encouraged by key shareholders to continue engaging in talks with BHP over its proposed $49.18 billion mining merger.

Reuters | May 25, 2024 | 12:37 pm

Anglo shareholders say BHP should amend structure or sweeten bid

Of the investors that Bloomberg spoke to this week, some suggested that BHP should provide a commitment to cover any lost value suffered by the subsidiaries’ new owners.

Bloomberg News | May 23, 2024 | 12:16 pm

Anglo American rejects BHP’s third bid, extends deadline

Anglo has left the door open for BHP as it agreed to grant it a one-week extension to table a binding offer.

Cecilia Jamasmie | May 22, 2024 | 7:03 am

Anglo’s second largest investor demands BHP bid revision

Petition by South Africa's Public Investment Corporation (PIC), which owns a roughly 7% stake in Anglo, comes just hours before bid deadline.

Cecilia Jamasmie | May 22, 2024 | 3:33 am

BHP shares hit 3-month high as deadline for formal Anglo bid looms

BHP has until 16:00 GMT on Wednesday to make a binding bid for Anglo American.

Reuters | May 21, 2024 | 7:44 am

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