mines

De Beers Group reported the successful sale of the Buffels Marine Mining Right (BMMR), and associated assets, to Kleinzee Holdings Proprietary Limited (Kleinzee Holdings) as of 7th August 2023. The BMMR was De Beers’...

Fishers are mounting a legal challenge to marine diamond operations off South Africa's west coast. They claim rights to mine in shallow sea and along an 85km coastal strip of land were granted and subsequently...

Grizzly Mining says its latest emerald auction raised $48.63m, a record high since the company was founded in 1997. The market for emeralds remains "extremely strong", it said, after a sealed-bid auction for its mid-high...

Diamond mining major De Beers reported a decline in revenues in the first half of 2023, amidst the ongoing macro-economic headwinds and a substantial inventory build-up in the midstream. The company’s total revenue for the...

In an effort to curb Russia’s ongoing military actions in Ukraine, the United States has imposed additional sanctions on individuals and entities associated with Russia’s military capabilities, energy projects, and financial activities. Russian diamond...

The government of Namibia could seek an increased share in its sales agreement with De Beers, after the mining giant agreed a phased move to a 50/50 split with Botswana. Namdia, the state-owned diamond company...

Alrosa says it expects to pay shareholders a dividend for the first half of 2023, as long as the diamond market remains stable. It marks a change in fortunes for the Russian state-controlled miner, which...

De Beers produced 8.9m carats in Q1 of this year, exactly the same as Q1 last year, according to figures released today by parent company Anglo American. Production was up almost 10 per cent on...