Aim-listed BlueRock Diamonds, which operates the Kareevlei mine, in South Africa’s Northern Cape province, sold six diamonds for more than $50 000 each in August. “We are pleased with the results of the August tender, in which we sold a record six high-value stones, bringing the average 2022 price of
Mining & Exploration
Diamond miner De Beers’ rough diamond sales for its seventh sales cycle this year amounted to $630-million. Sales were slightly lower than the $638-million of diamonds sold in the sixth sales cycle.
ASX-listed Newfield Resources has secured a A$55-million funding facility to advance its Tongo diamond mine, in Sierra Leone, towards commercial production. The company on Wednesday said that the funding facility would provide Newfield with access to committed capital, allowing flexibility on the timing of any potential capital raise, but would
Junior mining and exploration company Diamcor Mining says in its management discussion and analysis for the quarter ended June 30 that, while progress continues to be made globally to reduce the impacts of the Covid-19 global pandemic, its focus during the period continued to be on managing costs and supply
Israeli mining billionaire Beny Steinmetz will begin his battle this week to overturn his bribery conviction and repair a reputation tarnished by a landmark Swiss ruling that focused on an industry dogged by allegations of graft. Steinmetz, who built his fortune as a diamond trader, will return to Geneva for
Commenting on an article published in the New York Times that says the US and other western countries are taking action that could officially label Russian diamonds as “conflict diamonds,” Russia’s Ministry of Finance said that Russia “has always been and remains an exclusively responsible participant in the Kimberley Process,”
