ASX-listed Lucapa Diamond Company achieved A$22.3-million in attributable earnings before interest, taxes, depreciation and amortisation for the year ended December 31, 2021. In a trading statement ahead of the release of its results towards the end of March, the company reported that it had achieved record operational performances from its
Mining & Exploration
Zimbabwe’s Mines and Mining Development Minister Winston Chitando promised The Herald that renewal of mining licenses “would be subject to miners’ sustainable mining practices that are environmentally friendly. According to Rough & Polished, Zimbabwe seeks to “stop environmental degradation.” Credit: ZCDC Chitando is quoted as saying: “It is
London-listed Petra Diamonds says it has successfully closed sales for about 80% of the volume of diamonds on offer during its fourth tender cycle for its 2022 financial year ending June 30. About 589 100 ct have been sold for $110-million, at an average price of $188/ct.
Vancouver-headquartered Lucara Diamond Corporation achieved a more than five-fold year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $102.5-million for the financial year ended December 31. That compares with the adjusted Ebitda of $18.4-million reported for the 2020 financial year. Lucara has attributed the increase primarily
Namibia has consistently maintained its position as one of sub-Saharan Africa’s primary mining investment destinations, with increased investment in minerals such as cobalt, lithium and co
It’s great to see such a healthy demand for this great industry, De Beers Group CFO Sarah Kuijlaars said after posting a set of stunning financial results for the world’s leading diamond company by value. Underlying 2021 earnings before tax, depreciation and amortisation soared to $1 100-million from $417-million in 2020
