ASX-listed Lucapa Diamond Company has received a further A$8.8-million tranche from diamond company Sociedade Mineira Do Lulo (SML). That completes the previously approved SML shareholder loan repayment of A$14.8-million, Lucapa said on December 14.
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South Africa’s mining output decreased by 10.4% year-on-year in October, with platinum-group metals (PGMs), gold, diamonds and manganese ore having made the biggest negative contribution. Financial services provider Nedbank’s economics unit pointed out that this marked the ninth consecutive month of decline in mining production. “Erratic power supply, inflationary pressures,
Diamond producer Petra Diamonds has announced the results of Tender 3 of its 2023 financial year, at which 305 366 ct were sold for $42.3-million. The results of Tender 3 bring revenue for the current financial year to date from rough diamond sales to $206.4-million, with no exceptional diamond sales, compared with $264.7-million
Anglo has focused on immediate priorities of safety and restoring normal operational disciplines after pandemic related disruptions. The post Anglo builds momentum for next phase of value-driven growth appeared first on Miningreview.com.
The world changing at a rapid rate has resulted in profound disruptions to the business of Anglo American, CEO Duncan Wanblad told analysts and investors on Friday. Speaking during an update presentation covered by Mining Weekly, Wanblad said the London- and Johannesburg-listed diversified mining and marketing company was seeing many
TSX-V-listed Diamcor Mining has achieved a 121% quarter-on-quarter increase in total carats sold to more than 8 300 ct, for revenues exceeding $2-million, in the third quarter. This, says CEO Dean Taylor, demonstrates the company’s ability to generate significant revenues without the added benefit of any significant larger high-value rough diamonds.
