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Mining & Exploration

De Beers bounces back to 2019 levels with outstanding performance

Global consumer demand for diamonds continued to recover from the impact of Covid, supported by fiscal stimulus in the US and the roll-out of vaccines, De Beers Group said on Thursday when it was credited with helping Anglo American to achieve an all-time record half-year, a period in which De
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Alrosa invests 8% of revenue on ESG

Russia’s Alrosa has invested 15.8-billion ruble ($216-million) in social and environmental initiatives in 2020. “The company retained its leadership position for ESG investments in the diamond industry in 2020, contributing around 8% of our total revenue,” says CEO Sergey Ivanov.
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Petra recovers 342.92 ct diamond at Cullinan

London-listed Petra Diamonds has recovered a 342.92 ct Type IIa white diamond of “exceptional” quality, in terms of both its colour and clarity, at the Cullinan mine in South Africa. The diamond is likely to be sold at the company’s upcoming tender in September.
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De Beers records strong sixth-cycle sales

Diamond miner De Beers Group sold about $510-million of rough diamonds in its sixth sales cycle of the year. Sales were significantly higher than the $116-million of rough diamonds sold in the sixth sales cycle of 2020.  It is also higher than the $477-million of rough diamonds sold during the
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Australia diamond junior Burgundy sets A$50m raising target

ASX-listed Burgundy Diamond Mines will raise nearly A$50-million to accelerate its diamond strategy. The company on Monday reported that it had received binding commitments from institutional and sophisticated investors to raise A$49.7-million, of which A$34.5-million would be raised through an unsecured convertible note issue, and a further A$15.2-million through a
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De Beers Boosts Rough production in Q2 2021

De Beers has reported its rough diamond production for the second quarter of the year, showing an increase of 134% year-on-year to 8.2-million carats, Mining Weekly reports.    According to De Beers, the rise reflects “planned higher production” to meet stronger demand for rough diamonds. Full-year production guidance was updated
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