Search results: De Beers

Anglo American (LON: AAL) has inked a joint venture deal with base-metals focused junior Arc Minerals (LON: ARCMA) to explore for copper and cobalt in Zambia, marking the first new investment the global miner had made in...

Sales of rough diamonds by Debswana Diamond Company jumped 64% in 2021, statistics released by the Bank of Botswana showed on Monday, driven by the reopening of key global consumer markets. The total value of Debswana’s diamond...

De Beers’ Botswana unit saw sales of rough diamonds rebound by 41% in the first half of 2021, driven by the reopening of key markets the United States and China, data from the Bank of Botswana...

The diamond industry’s collapse last year left the biggest producers with billions of dollars of uncut gems stashed away in safes. Now, in a matter of months, they’ve suddenly found buyers. The huge stockpile was built up...

Debswana Diamond will spend 65 billion pula (US$6 billion) to build the world’s largest underground diamond mine at Botswana’s Jwaneng, which is already the richest mine by value for the previous stones. The underground mine will have...

Exports of rough diamonds mined by the Debswana Diamond Company fell 30% in 2020, statistics released by the Bank of Botswana showed Friday, as the coronavirus pandemic hit demand and global travel restrictions impacted trading. Debswana, a...

ZIMBABWE’S second-largest diamond miner, RioZim Limited, sees demand picking up after the coronavirus pandemic forced the business to halt sales in March amid the slump in gem prices.With jewelry stores closed, cutters and polishers stuck at...

THE government is on the cusp of signing an estimated US$1.4bn three-year sale-purchase agreement with Russia’s diamond producer and a Swiss firm that will result in the state securitising precious stones for fuel supplies, the Business...

Once upon a time, the diamond story wrote itself. The stones were rare, the allure unmatched, the market hungry. A few adverts and glossy campaigns were enough to keep buyers convinced that a diamond was indeed...

Thungela Resources has announced the appointment of Moses Madondo as its CEO designate, effective August 1.Madondo will succeed current CEO July Ndlovu.Madondo, a seasoned mining professional, joins Thungela with an impressive résumé, having accumulated over 25...

Vast Resources has announced that it expects to finalize its mining agreement on the Community Diamond Concession in Marange, Manicaland Province.This comes after the High Court of Zimbabwe granted a default order relating to a historic...

UK miner Vast Resources says it is finalizing the recovery of a parcel of 129,400 carats of rough diamonds in Zimbabwe after a 12-year dispute. The company successfully sued the country's Mines and Mining Development Ministry early...