Petra Diamonds will grant the government of Tanzania a 16% free carried interest in its subsidiary Williamson Diamonds Limited, CEO Richard Duffy said at a signing ceremony in Dar Es Salaam on Monday. The move, expected to be included in a framework agreement to be signed on Monday, will bring
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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.
Russian mining giant Alrosa said that the newly developed Mayskaya pipe is expected to start yielding diamonds in 2025, and that the deposit will bring approximately 1 million carats a year, Rough & Polished reports. Credit: Alrosa The Mayskaya pipe was discovered in 2006. It is located in
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
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
Karelian Diamond Resources, which is exploring the Lahtojoki deposit on Finland’s eastern coast for diamonds, has announced the discovery of pink diamonds there, IDEX Online reports. Credit: Rio Tinto The Lahtojoki deposit “aims to develop as Europe’s first diamond mine outside Russia,” according to the report. In its
