The board of Aim-listed BlueRock Diamonds’ principal operating subsidiary, Kareevlei Mining, has resolved to place the company into voluntary business rescue owing to excessive indebtedness. BlueRock had already requested on February 24 that its shares be suspended from trading on the Aim, pending clarification of the subsidiary’s financial position.

The regulatory uncertainties and inability of the industry to transparently, quickly and efficiently apply for mining and prospecting rights in a corruption-free manner has had severe investment consequences, Minerals Council South Africa states in its Facts & Figures Pocketbook 2022. This is glaringly evident in exploration, which, the Minerals Council

Diamond miner Lucapa Diamond Company has reported record revenues for the full year ended December, on the back of a record operational performance at its Lulo alluvial mine, in Angola. Attributable revenue for the full year ended December reached A$69.1-million, with attributable earnings before interest, tax, depreciation and amortisation recorded

To the southeast of the teeming herds of wildlife in the Okavango Delta in Botswana, an offshoot of the Lundin mining dynasty is extending its search for the world’s biggest diamonds. Lucara Diamond Corp is sinking an 800 m shaft to ensure the kimberlite orebodies at its Karowe mine keep