Diamond miner Lucapa Diamonds has struck an A$8.5-million deal to acquire the Merlin diamond project, in the Northern Territory, announcing plans to raise A$23-million to fund both the acquisition of the project and its advancement. The Merlin project is home to Australia’s largest mined rough diamond on record, and has

Aim-listed BlueRock Diamonds has agreed nonbinding heads of terms with investment company Teichmann Group to provide capital to deliver the expansion project at the Kareevlei mine, in the Kimberley region. A £1.61-million loan note was agreed with the intention that it will be replaced by a convertible loan note, which will increase the

The world’s biggest diamond producer may not be the first name that comes to mind in a ranking of top ESG performers. But that’s what the latest industry survey revealed. De Beers scored the highest in London-based Alva’s quarterly rating of environmental, social and governance perceptions this week gleaned from

Industry organisation the World Federation of Diamond Bourses (WFDB) has launched a campaign, Diamond Aid, to raise funds to help India in its battle against Covid-19. On April 28, the WFDB executive committee held an emergency session over Zoom and decided unanimously to mobilise the international diamond and jewellery industry

Russia’s Alrosa, the world’s largest producer of rough diamonds, has recommended a record half-year dividend payment of 70.3-billion roubles ($938-million) representing 80% of its free cash flow (FCF), the State-controlled company said on Wednesday. The company, which competes with Anglo American unit De Beers, is generous with payments to shareholders

Mining, preceded by exploration, is the greatest economic multiplier of all business activities, including government expenditure, says Integral Asset Management chief investment officer Bruce Williamson. It therefore makes huge sense for government to enact attractive investment-friendly policies that encourage exploration and mining.