Namdeb, a joint venture between the Namibian government and Anglo American’s diamond unit De Beers Group, has been granted a holiday on royalty payments, the country’s mining ministry said on Friday in bid to save jobs in the shrinking sector. Diamonds have been mined in Namibia since 1908, but land-based
Mining & Exploration
Lucara Diamond has announced the recovery of “an unbroken 998 carat high white clivage diamond” from its Karowe mine in Botswana. Credit: Pincasso In a press release, the miner said that the diamond measures 67x49x45mm. This is the second +500 carat diamond recovered in 2020. Year to date,
Dual-listed Botswana Diamonds has started drilling at its Thorny River and Marsfontein project areas in South Africa. The multihole drilling programme has begun on four target areas identified as being of high interest in a recent detailed ground geophysics survey.
Anglo American is on track to exceed its original investment commitment to South Africa, despite Covid-19 impacts, Mining Weekly can report. At this year’s SA Investment Conference, the London- and Johannesburg-listed diamond, platinum group metals and iron-ore mining company increased its total investment commitment to R100-billion, for the current five-year
Diamond miner De Beers sold $450-million of rough diamonds through sightholder sales and auctions in the ninth sales cycle of this year. This is an improvement on the $400-million of diamonds sold during the ninth sales cycle of 2019, but slightly lower than the $467-million of diamonds sold during the
London-listed Petra Diamonds has posted a net loss of $223-million for the financial year ended June 30 – an improvement on the net loss after tax of $258-million reported for the 2019 financial year. The loss included a non-cash impairment charge of $91.9-million, whereas the loss for 2019 had included
