An increased remote-operation drilling footprint is providing considerable benefit for Master Drilling, the JSE-listed drilling services company said on Tuesday, when it reported 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to $42.1-million, and a halved gearing ratio to 10.3%. The 35-year-old Fochville-based drilling company, which operates in 23

Diamond exploration company Botswana Diamonds has recovered 11 diamonds and abundant kimberlitic indicators from drill samples at the recently discovered River Kimberlite pipe at Thorny River in South Africa’s Limpopo province. Following a detailed ground geophysical programme in October 2020, six-inch percussion reverse circulation holes were drilled into the newly

Diamond producer Debswana aims to increase output by 38% this year to pre-pandemic levels of 23-million carats, a company official said on Friday, as the global diamond market recovers with the easing of travel restrictions and jewellers reopen. Jointly owned by Anglo American unit De Beers and the Botswana government,

ASX-listed diamond miner Lucapa Diamond Company has recovered a its nineteenth diamond of more than 100 ct at its Lulo alluvial mine, in Angola. The miner on Friday announced the recovery of a 114 ct Type IIa D-colour white diamond from Mining Block 46, marking the third stone of over

As much of the world was tested to its limits by the Covid-19 pandemic during 2020, the resilience of diversified miner Anglo American’s diversified business, along with strong metals prices in the latter months of the year, resulted in underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) of $9.8-billion

London-listed Petra Diamonds has announced that the scheme conditions effective date has occurred, thereby enabling the start of the implementation of the company’s restructuring. The company expects the restructuring’s effective date to be March 10.