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Tag: Dubai Diamond Trading

Rio extends mine life at Diavik

Diversified miner Rio Tinto has extended the mine-life at its Diavik diamond mine, in the Northwest Territories of Canada, announcing a $40-million investment in the first phase of underground mining below the existing A21 openpit. “Rio Tinto’s decision to support the underground development of the A21 pipe was prefaced on
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De Beers delivers excellent set of 2022 results

Diamond company De Beers last year delivered a revenue of $6.6-billion and earnings before interest tax depreciation and amortisation (Ebitda) of $1.4-billion built on operational excellence across its producing assets. Rough diamond production increased by 7% to 34.6-million carats, reflecting strong operational performance and higher planned levels of production to
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Anglo has 600 MW keyed up ready to go, green hydrogen also developing rapidly, says Wanblad

All policy in South Africa specifically relating to energy certainly does tend to be moving into a path of time and space where it really is incentivising the building out of renewable energy generation capacity in the country, said Anglo American CEO Duncan Wanblad on Thursday when the London- and
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Lucapa recovers 150ct diamond in Angola

A 150 ct white diamond has been recovered from ASX-listed Lucapa Diamond’s Lulo alluvial mine, in Angola. The company on Thursday said that the stone was the fifth of more than 100 ct recovered from Mining Block 28, and was the thirty-sixth stone of more than 100 ct to be recovered
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Namibia Chamber optimistic about industry’s 2023 prospects

Mining industry organisation Namibia Chamber of Mines (NCM) states that it is “very positive” on the trajectory of the local mining industry, stressing that it expects it to grow on the back of increased output from the diamonds and uranium sectors. “In the short term, growth in the mining sector
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Lucapa reports fourth-quarter operational records, positive exploration results

ASX-listed Lucapa Diamond Company achieved a solid performance in the fourth quarter, ended December 31, MD Stephen Wetherall says in the company’s quarterly activities report for the period. Lucapa has interests in two producing diamond mines – Lulo, in Angola, and Mothae, in Lesotho – in addition to an exploration
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