Botswana-focused Lucara Diamond Corp on Thursday announced C$38-million in financing to support the development and ongoing operation of its Karowe mine. The Vancouver-headquartered company will raise C$22-million on a bought-deal basis at C$0.75 a share and C$16-million in a concurrent private placement to Nemesia and other investors.

Diamond miner De Beers recorded $470-million of rough diamond sales in its fifth sales cycle of this year. This is higher than the $385-million recorded in the fourth sales cycle of this year and significantly higher than the $56-million earned for the combined fourth and fifth sales cycles of 2020.

Diamond miner Lucara Diamond Corp has recovered a 1 174.76 ct diamond from its Karowe mine, in Botswana. It is the third diamond weighing more than 1 000 ct to be recovered from South Lobe of the AK6 kimberlite since 2015. In recent years, Lucara had recovered the 1 758 ct Sewelô and

Junior mining company Star Diamond, which is involved in a legal wrangle with Rio Tinto Canada over a Saskatchewan project, says it has received a notice from the bigger company calling a meeting to seek approval of a proposed budget for the Star-Orion South project. According to Star Diamond, Rio

With the modern-day consumer demanding greater accountability and sustainability, the Kimberley Process (KP) must not be left behind, says World Diamond Council (WDC) president Edward Asscher. He spoke during the opening of the 2021 Intersessional Meeting of the KP, highlighting how consumers want to know about a diamond’s provenance and

TSX-V-listed Tsodilo Resources has been granted a renewal of its prospecting licence, in Botswana, for an area which contains the company’s BK16 kimberlite project. The licence renewal was granted by the country’s Ministry of Mineral Resources, Green Technology and Energy Security, and is valid for a two-year period from October