Russian diamond miner Alrosa wants controlling stake to mine in Zimbabwe

Russian diamond miner Alrosa wants controlling stake to mine in Zimbabwe

Russian state-controlled miner Alrosa will assess the quality of Zimbabwe’s diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company’s chief executive said on...

Read more
De Beers, Botswana to expand world’s richest diamond mine

De Beers, Botswana to expand world’s richest diamond mine

Botswana’s Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country’s government, have awarded Thiess’ subsidiary CIMIC a $1.2-billion contract to extend the lifespan of their Jwaneng mine. Jwaneng...

Read more
Lucapa finds fourth +50 carat diamond at Mothae mine in Lesotho

Lucapa finds fourth +50 carat diamond at Mothae mine in Lesotho

Australia’s Lucapa Diamond (ASX:LOM) has recovered an 83.9 carat diamond from its recently commissioned Mothae mine in Lesotho, Africa. The stone is the fourth diamond over 50 carats the company has recovered to date at its 70%-owned Mothae...

Read more
Alrosa’s February diamond sales up 23% over January

Alrosa’s February diamond sales up 23% over January

Alrosa, (MCX:ALRS) the world’s top diamond producer by output, reported Thursday that total sales of rough and polished diamonds increased to $345.6 million, up 23% compared to January 2019 (up $64.1 million). Rough diamonds sales in...

Read more
Zimbabwe to scrap platinum and diamond mine ownership rules

Zimbabwe to scrap platinum and diamond mine ownership rules

Zimbabwean Finance Minister Mthuli Ncube said a rule requiring local investors to control platinum mines will be scrapped and foreigners will be allowed to own 100% in a bid to revive investment. “We are removing that indigenization rule, which...

Read more
Canada’s Northwest Territories gets big resource development boost

Canada’s Northwest Territories gets big resource development boost

Resource development, a principal economic driver of the Northwest Territories’ (NWT) economy, is getting a $5.1 million boost in federal funding. The Government of Canada is investing in two projects that will support resource development...

Read more
Saskatchewan best place to mine in Canada

Saskatchewan best place to mine in Canada

The Fraser Institute has released its annual ranking of the best jurisdictions for mineral investment. Four of the top 10 places are Canadian provinces, with Saskatchewan in the lead with the No.3 spot. The institute released its Annual Survey of...

Read more
Firestone shares on fire after finding 70-carat diamond in Lesotho

Firestone shares on fire after finding 70-carat diamond in Lesotho

Africa-focused Firestone Diamonds (LON:FDI) has unearthed an undamaged 70-carat white, makeable stone from  its 75%-owned Liqhobong mine in Lesotho. The diamond is the largest found so far this year and follows the recovery of a 46-carat, gem...

Read more
Tanzania names latest mining minister in ongoing industry clash

Tanzania names latest mining minister in ongoing industry clash

Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190 billion tax bill, which has severely limited the London-listed company’s operations in the East African...

Read more
Lucapa Diamond locks in Mothae mine funding

Lucapa Diamond locks in Mothae mine funding

Australia’s Lucapa Diamond (ASX:LOM) has locked in 100 million rand (about $7m) in development funding from South Africa’s Industrial Development Corporation (IDC) for its 70%-owned Mothae diamond plant, in Lesotho. Commercial production at the...

Read more
Jewellery giant Chow Tai Fook joins De Beers diamond blockchain program

Jewellery giant Chow Tai Fook joins De Beers diamond blockchain program

Hong Kong-based jewellery giant Chow Tai Fook is the latest industry heavyweight to join De Beers’ pilot of its end-to-end diamond blockchain program called Tracr, which aims at clearing the supply chain of imposters and conflict stones...

Read more
Do NOT follow this link or you will be banned from the site!