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
Mining & Exploration
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
Diamond miner Petra Diamonds produced 3.2-million carats at its operations in the financial year ended June 30. The Cullinan mine’s performance, which contributed production of more than 1.9-million carats, was offset by lower production at Finsch and Koffiefontein, while the Williamson mine, in Tanzania, remained on care and maintenance.
Russian mining giant Alrosa produced 7 million carats of diamonds in the second quarter of 2021 – a fall of 8% quarter-on-quarter but a rise of 22% year-on-year, Rough & Polished reports. Credit: Alrosa Alrosa has also reported sales of 11.4 million carats and $1.2 billion in revenue
Lucara Diamond has recovered a 62.7-carat fancy pink diamond from its Karowe mine in Botswana – “the largest fancy pink gem to be recovered in Botswana and one of the world’s largest rough pink diamonds on record”, Rough & Polished reports. Credit: Lucara The stone, named “Boitumelo” (“Joy”),
World Diamond Council (WDC) president Edward Asscher foresees that the diamond industry will soon have two distinct value chains, one encompassing responsibly sourced diamonds and one that does not. During the closing session of the 2021 Intersessional Meeting of the Kimberley Process (KP), he questioned the readiness of certain KP
