African banks to fund construction of world’s biggest marine diamond mining vessel

African banks to fund construction of world’s biggest marine diamond mining vessel

Five African commercial banks have partnered in a $375 million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American’s diamond unit De Beers. Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek...

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More Than 40 Million People Work in Artisanal Mining: Report

More Than 40 Million People Work in Artisanal Mining: Report

More than 40 million people around the world work in artisanal and small-scale mining where minerals including gold, diamonds and cobalt are dug up often by hand, a report by the World Bank and development organization Pact said on Wednesday...

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One of world’s largest diamond mines gets 10-year life extension

One of world’s largest diamond mines gets 10-year life extension

Russia’s Alrosa, the world’s top diamond producer by output, is extending the life of its Aikhal mine to 2044 by digging deeper into the ground, in a project estimated to cost about RUB 10 billion ($16m). The 300 metres underground...

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Botswana unveils rare 20-carat blue diamond, the country’s largest ever

Botswana unveils rare 20-carat blue diamond, the country’s largest ever

Botswana’s state-run Okavango Diamond Company unveiled on Wednesday what is believed to be the largest blue diamond ever discovered in the southern African country, which is one of the world’s top producers. The 20.46-carat, oval-shape...

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Firestone finds another massive diamond at Lesotho mine

Firestone finds another massive diamond at Lesotho mine

Africa-focused Firestone Diamonds (LON:FDI) has dug up a 72-carat yellow, whole makeable diamond at its Liqhobong Mine in Lesotho, the second one over 70-carat it has found this year. The stone, recovered over the weekend together with a 22 carat...

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Petra Diamonds shares jump on 425-carat discovery at Cullinan

Petra Diamonds shares jump on 425-carat discovery at Cullinan

Shares in Petra Diamonds (LON:PDL) jumped more than 8% on Friday after the miner announced it had dug up a 425.1 carat, D-colour, Type II gem quality diamond at its iconic Cullinan mine in South Africa. The discovery comes less than a month after...

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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...

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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...

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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...

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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...

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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...

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