Botswana’s rough diamond exports plunged around 66% in the third quarter compared with the same period last year, data showed on Friday, as the coronavirus pandemic hit demand and global travel restrictions impacted trading. Botswana closed its borders in March to curb the spread of the virus, locking out international
Tag: Dubai Diamond Trading
LSE-listed diamond miner Gem Diamonds has sold 70 559 ct worth of diamonds for the year to date, achieving an average price of $1 908/ct. During the third quarter, the group also unearthed five diamonds greater than 100 ct, bringing the total for the year to date to 13.
Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration
A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom interview, Smart expressed excitement
Diamond miner Petra Diamonds continued to perform well during the three months to September 30, with record carat production at the Cullinan mine in South Africa during August and September, an “excellent achievement” given the Covid-19 mitigation measures, which now form part of the group’s standard working conditions, says CEO
Diversified miner Rio Tinto has announced that a selection of rough diamonds from the company’s Canadian and Australian mines will be tendered to diamond specialists in October and November. Headlining Rio’s forthcoming “specials” tender, which showcases rough diamonds greater than 10.8 ct, is Lot number 1, Diavik Helios, a 74.48
Global miner Rio Tinto is seeking court approval to sell its partner’s share of diamonds from a mine in Canada’s Northwest Territories, a filing showed, hoping to recover around C$120-million plus legal fees and other costs. Rio owns 60% of Diavik Diamond Mines Inc (DDMI) and says it is owed