Struggling miner Dominion Diamond Mines, which filed for insolvency protection last month, has reached an agreement to sell substantially all its assets in a transaction that will allow mining operations at Ekati to resume and avoid bankruptcy. The company signed a letter of intent (LoI) with an affiliate of The
Tag: Polished Diamonds
Subject to strict Covid-19 protocols, mining will be allowed to reopen fully from June 1, President Cyril Ramaphosa said on Sunday. In his address on South Africa’s response to the coronavirus pandemic, the President announced that South Africa would advance to level 3 from June 1, with an intensified response
Diamond major Alrosa on Friday announced that it would curtail 2020 production to between 28-million and 31-million carats, in response to the crisis unfolding in the global rough and polished diamond market. The 2020 production guidance compares with the group’s initial guidance of 34-million carats for the year. “The coronavirus
South Africa should consider appointing an independent minerals regulator to speed up minerals licensing, Herbert Smith Freehills Africa co-chair Peter Leon said during a webinar this week. Responding to Patrick Leyden, who moderated the webinar entitled re-imagining the sub-Saharan mining sector, Leon said a recommendation made to an African National
The De Beers Group’s ‘Put Safety First as our Number One Value’ way of work – driven by management and mainstreamed into the operations – has led to numerous successes in terms of the holistic health and safety of its employees, and now forms the basis of its Covid-19 response,
A joint effort by the South African and Botswanan governments, as well as their respective rail agencies, to support rail infrastructure to facilitate coal exports from Botswana could enable Botswana-based coal miners, such as Minergy, to become more competitive, says Minergy CEO Morné du Plessis. “We believe that South Africa