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Tag: rough diamonds

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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Diamcor focusing on resumption of operations

With the continuation of the Covid-19 global pandemic, Canada-based junior miner Diamcor’s focus for the three months ended September 30 remained on maintaining reduced costs, the resumption of operations on an appropriate basis and the finalisation of Phase 1 of the company’s announced preparations for increased processing volumes in the
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Petra concludes share consolidation

London-listed Petra Diamonds’ share consolidation became effective on November 29 following shareholder approval at the company’s annual general meeting on November 19. Admission of the company’s new ordinary shares to the premium listing segment of the official list of the Financial Conduct Authority and to trading on the LSE main
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Bots government assists diamond sector amid Covid

The Botswana government has been instrumental in ensuring that the lucrative diamond mining industry was able to sell to the market despite the impact of the Covid-19-related disruptions.   The Botswana economy relies heavily on the diamond industry, as it is a major source of income for the country.
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