Search results: De Beers

Miners have revised their output forecasts for the year in response to COVID-19 impact with Anglo American saying it would cut capital expenditure by almost as much as $1 billion. “We are taking all necessary steps to...

Angola’s major new Luaxe diamond deposit may start trial mining in mid-2020 and could produce 1 million carats of diamonds worth $90 million in 2020, Russian diamond producer Alrosa said.Angola’s state-controlled diamond miner Catoca and Alrosa...

South Africa’s Petra Diamonds (LON:PDL) has sold a 20.08-carat blue precious rock it found in September at its iconic Cullinan mine for $14.9 million, or about $741,000 per carat, which is the highest price analysts had predicted.The “exceptional” blue...

Zimbabwe has recorded an 8,7 percent jump in mineral exports to $910 million in the first half of the year compared to the same period last year, statistics from the Minerals Marketing Corporation of Zimbabwe (MMCZ)...

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...

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...

Africa-focused Firestone Diamonds (LON:FDI) has put plans to extend the life of its 75%-owned Liqhobong mine in Lesotho on the back burner, saying that current market conditions don’t support the project.The company, which reported 2019 interim results on Thursday,...

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...

Diamond rich Botswana expects mineral revenues in the 2019/20 fiscal year to drop by 4 percent to 13.6 billion pula ($1.26 billion) due to a decline in royalties and dividends, a minerals ministry budget document showed...

Last year was a momentous one for Africa-focused Gem Diamonds (LON:GEMD), as it recovered a record number of huge precious stones from its flagship Letšeng mine in Lesotho, the world’s highest-dollar-per-carat diamond mine.In Q4 2018, the company recovered three of the...

Petra Diamonds Ltd. fell the most in eight months in London after the South Africa-focused miner dug up gems worth significantly less than expected.Petra has been seeking to turn around its fortunes after piling up debt...

Alrosa PJSC, one of the world’s top diamond miners, is returning to Zimbabwe after a more than two-year break as it expands outside Russia.The company will develop new mining operations in the country with the support...