Botswana and De Beers have extended their current sales contract by another year, the diamond miner said on Friday, citing logistical challenges presented by the Covid-19 pandemic. This is the second extension of the agreement for the sale of Debswana’s rough diamond production. The agreement was due to expire at
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Australia’s Lucapa Diamonds expects to be elevated to mid-tier diamond producer status in 2024, when its newly acquired Merlin project, in the Northern Territory, starts producing on a commercial basis. Merlin, which Lucapa expects will be the biggest commercial diamond mine in Australia, will deliver 2.1-million carats over its 14-year
New programmes might discover some critical metals needed to help the world decarbonise – metals that may have been overlooked in the past. The post Exploration: The linchpin to attract international investment appeared first on Miningreview.com.
LSE-listed diamond miner Petra Diamonds has executed a nonbinding memorandum of understanding (MoU) to sell 50% (less one share) of the entity that holds Petra’s shareholding in Williamson Diamonds Limited (WDL) to Caspian for $15-million. This is in addition to a pro rata portion of shareholder loans owed by WDL.
TSX-V-listed Diamond Fields Resources has appointed John McGloin as a director and CEO, effective January 1. Current CEO Sybrand van der Spuy will assume the role of COO responsible for the logistics, supply chains and security of the Company’s projects throughout Africa.
London-listed Petra Diamonds sold 885 236 ct of diamonds for $128.3-million during the third tender of the company’s financial year to June 30, 2022. This compares with the 752 920 ct sold for $98.1-million during the third tender of the 2021 financial year.
