Diversified miner Anglo American’s De Beers subsidiary is serving to improve the group’s business profile by providing diversification and, most of the time, stability to its otherwise more closely correlated mining operations, reports risk assessment firm Moody’s in a recent report. With an overall Baa2 negative rating, Anglo’s business is
Tag: DMCC
Lucapa Diamond Company recently announced a 35% increase in diamond resource carats at its Lulo mine The post Lucapa’s Lulo set for a sparkling future appeared first on Miningreview.com.
Zenith Security guards employed at diamond miner Petra Diamonds’ Williamson mine, in Tanzania, allegedly deliberately swapped rubber projectiles with metal shot in their weapons, causing serious harm to local residents shot on the company’s concession, UK corporate watchdog RAID said in a statement on March 25. Moreover, the watchdog said
The information uncovered was part of research into alarming human rights abuses at the Williamson Mine in Tanzania. The post Guards at mine modified ammunition to inflict greater damage appeared first on Miningreview.com.
Diamond miner Lucapa Diamonds has reported A$7.6-million in revenue from the sale of its latest parcel of rough diamonds from its Mothae kimberlite mine, in Lesotho. The company on Wednesday announced that 5 619ct of diamonds had sold for $1 050/ct, with the sale including a 215ct D-colour diamond and
Canadian mining company Lucara Diamond has mandated five international financial institutions for a secured project financing package of up to $220-million to fund the underground expansion of the Karowe mine, in Botswana. The syndicate comprises ING Bank, Natixis, Société Générale, London Branch, Africa Finance Corporation and Afreximbank. President and CEO
