The diamond industry has been dealing with an oversupplied market since upstream production hit a multi-year high in 2017 and as the mid-stream segment delivered inventory in 2018 and 2019.

The Minerals Council South Africa, in its third weekly Covid-19 update briefing on June 4, reported that, to date, the domestic mining industry has 527 positive cases of Covid-19, with 7 461 miners having been tested and 226 796 having been screened. The mining industry has also reported 72 recoveries, with no

The Standard Bank is well positioned to weather the Covid-19 storm and remains determined to emerge from this crisis as a stronger Africa-focused financial services group, Standard Bank Group FD Dr Arno Daehnke said on Thursday. The capital and liquidity levels of Africa’s biggest lender by assets remained above minimum

Aim-listed Kazera Global has announced the conditional acquisition of a controlling interest in a near-term producing diamond mine, as well as in a heavy mineral sands (HMS) opportunity in South Africa. Kazera will acquire a 90% stake in Deep Blue Minerals (DBM), for £600 000 in shares to be issued to

TSX-V-listed Pangolin Diamonds intends to complete a nonbrokered private placement of units to raise aggregate gross proceeds of up to $600 000. The net proceeds of the offering will primarily be used for exploration expenditures at its various projects in Botswana, as well as for working capital purposes.

Mining Weekly Editor Martin Creamer discusses the South African Diamond Producers Organisation’s plea to be allowed create jobs in the alluvial diamond sector, the Industrial Development Corporation & the future of Kalagadi Manganese, and Mozambique’s online licence processing system.