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Tag: Polished Diamonds

Petra Diamond sells 886 236 ct in third tender cycle of its 2022 financial year

London-listed Petra Diamonds sold 885 236 ct of diamonds for $128.3-million during the third tender of the company’s financial year to June 30, 2022. This compares with the 752 920 ct sold for $98.1-million during the third tender of the 2021 financial year.
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De Beers appoints Madondo as Managed Operations MD

Diamond miner De Beers Group has appointed Thembinkosi Moses Madondo MD of De Beers Group Managed Operations, effective January 1. This follows the announcement that Nompumelelo ‘Mpumi’ Zikalala will leave the business to take up the position of CEO of Anglo American’s Kumba Iron Ore business.
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Petra Diamonds to grant Tanzania 16% free carried interest in Williamson mine

Petra Diamonds will grant the government of Tanzania a 16% free carried interest in its subsidiary Williamson Diamonds Limited, CEO Richard Duffy said at a signing ceremony in Dar Es Salaam on Monday. The move, expected to be included in a framework agreement to be signed on Monday, will bring
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Lucapa completes Merlin buy

Diamond miner Lucapa Diamond Company has completed the A$8.5-million acquisition of the Merlin diamond project, in the Northern Territory. The ASX-listed Lucapa noted that its subsidiary Australian Natural Diamonds had settled the purchase price owing to the liquidators of Merlin Diamonds.
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Anglo American eyes 35% growth within a decade at 50% margin

Diversified miner Anglo American reports that it maintained a strong performance this year, with high demand for diamonds and overall production up 7% on the back of particularly strong production of platinum group metals (PGMs); as well as the expectation of a further improvement in 2022. Unit costs also improved
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Rio Tinto and Star Diamond bury the hatchet

Diversified major Rio Tinto and Canadian junior Star Diamonds on Thursday announced a comprehensive resolution of their disputes, ending a protracted tussle over a joint venture (JV) project east of Prince Albert, Saskatchewan. The companies have agreed to revised JV arrangements that they said best position the JV to advance
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