The first half of the 2022 financial year has set London-listed Petra Diamonds in good stead to maintain profitability and cash flow, as well as meet operational guidance for the full-year. In the six months ended December 31, 2021, Petra grew its adjusted earnings before interest, taxes, depreciation and amortisation
Mining & Exploration
Botswana’s State-run diamond trader reported record revenue last year with sales surging almost five fold after imports from the US recovered from a Covid-19 induced slowdown. Okavango Diamond Company sold $963 million of rough diamonds last year, said Dennis Tlaang, a company spokesman. The revenue was the most since the
Aim-listed BlueRock Diamonds has recovered an 11.95 ct diamond at its Kareevlei mine, in the Kimberley region of South Africa. The diamond miner says the diamond has an expected valuation in excess of $100 000 and will go to tender later this week.
Canadian junior Star Diamond and Rio Tinto Exploration Canada (RTEC) are set to meet on March 4 to review data collected from last two field seasons and to approve and interim expenditures budget for their Fort a la Corne (FalCon) joint venture (JV) project. The JV partners, which at the
A new report by S&P Global Market Intelligence, quoted by IDEX Online, shows that spending on diamond exploration in Australia has totaled just $1.5 million in 2021 – “almost the lowest level since 1997.” Credit: Rio Tinto In 1998, spending reached a peak of $43.1 million. Since then,
ASX-listed Lucapa Diamond Company has received a 2021 interim dividend payment of A$5-million, or $2.6-million, from its 40%-owned and wholly operated alluvial mining company Sociedade Mineira Do Lulo (SML), based in Angola. SML, which operates the Lulo project, is co-owned by Angola’s State-owned mining company Empresa Nacional de Diamantes and
