Diamond miner De Beers – a subsidiary of diversified mining group Anglo American – increased its rough diamond production by 4% year-on-year to 9.6-million carats for the third quarter ended September 30. The higher output was achieved on the back of the treatment of higher-grade ore at Orapa, in Botswana,
Tag: Dubai Diamond Trading
South Africa should leverage the hydrogen opportunity as part of its official economic reconstruction and economic recovery plan. Dr Cosmas Chiteme, the director of hydrogen and energy at Department of Science and Innovation, highlighted this as the top key message on the way forward at the conclusion of his address
Notwithstanding the recent softening of the diamond market and issues that have affected production at the Cullinan and Finch diamonds mines, Petra Diamonds remains in a strong position, being considerably more resilient through its strengthened balance sheet and the implementation of its operating model, together with ongoing cash generation. Petra
Global mining major Rio Tinto is exploring commercial options for its Fort à la Corne (Falcon) joint venture (JV) project, in Saskatchewan, partner Star Diamond said on Friday. Citing a Rio Tinto Canada memo, Star Diamond said that the project continued to be on care-and-maintenance and that the major was
De Beers told its diamond buyers they can purchase stones on sweetened terms at its next sale, in the first sign the market is slowing after a bonanza that started during the global pandemic. The diamond industry was one of the surprise winners as the world economy rebounded from the
Angolan State diamond marketing company Sodiam plans to hold a rough diamond tender in Luanda, Angola, with viewings to take place between October 24 and November 14 at Sodiam’s offices. The online-only bid submission will end on November 15 at 10:00, with the sale exclusively targeting Sodiam-registered customers that have