Gem Diamonds finds 370-carat diamond at Letseng

The precious gemstones miner has agreed, on a no-admission-of-liability basis, to settle claims brought against it by a group of 273 Mozambicans related to its ruby mine in northern Mozambique.

Mining companies now need to determine how to operate in a market that is characterized by rising stakeholder demands, a widening talent gap, as well as dwindling access to key inputs such as energy and water, says Deloitte in its latest annual report.

Since mining began in 2012 at Karowe, a total of 43 diamonds heavier than 200 carats have been recovered, including 12 stones larger than 300 carats.

Sherritt owns 50% of the Moa joint venture, and at Ambatovy it is the operator and holder of a 12% interest.

Petra has been seeking to turn around its fortunes after piling up debt to expand its flagship Cullinan mine in South Africa.

Angola has vowed to increase diamond production and per carat value, aiming to become a top 3 producer by 2021.

Building activities at Côté Gold, located in the Abitibi gold belt in Ontario, were slated to start in the first months of 2019, with pre-production beginning in late 2020.

The miner said that significant amounts of saprolite-hosted gold mineralization was discovered.

“We don’t believe that threatening one’s partner is a constructive way to go about solving problems.”