Anglo American, Technology Minerals and Bradda Head Advance Major Mining Transactions
Anglo American has selected the Global Diamond Consortium as preferred bidder for its 85% stake in De Beers, moving the sale into bilateral negotiations while...
Tag : diamonds
De Beers to Halt Venetia Production as Diamond Slump Complicates Anglo American Sale
De Beers is set to suspend production at South Africa’s Venetia diamond mine for two years, putting approximately 3,500 jobs at risk and reducing output...
Second-largest diamond in the world discovered in Botswana
A 2,492-carat diamond, the second largest ever found, has been uncovered in Botswana, according to Lucara Diamond Corp, the Canadian mining company responsible for the...
First EU diamond mine in Finland advances after land dispute resolution
Plans for the European Union’s first diamond mine, located in eastern Finland, are advancing after a court resolved a land dispute with local farmers. Irish-based...
Botswana seeks new law mandating 24% local stake in mines if government passes on purchase
Botswana is set to introduce a new law that would require mining companies to offer a 24% stake in their operations to local citizens if...
Exploring prospects: Namibia’s mining industry and EU-Africa relations
A recent study delving into Namibia’s mining sector sheds light on Europe’s efforts to foster strategic collaborations with African nations. Funded by the EU, the...
Angola’s mining evolution: From oil to rare earths and diamonds
Long hailed as a prominent oil exporter in Africa, Angola is now capturing international attention for its vast mineral reserves, largely untapped until now. Despite...
Russian Alrosa produced 7 million carats of diamonds in Q2
Russian mining giant Alrosa produced 7 million carats of diamonds in the second quarter of 2021 – a fall of 8% quarter-on-quarter but a rise...
Palladium One Mining’s Finnish project got highly optimistic estimates after diamond drill exploration
“Multiple discoveries of magmatic sulphide mineralization have been outlined, and preliminary indications are that Kaukua South could be several times the size of the Kaukua...
Karelian Diamond Resources – new diamond reservations granted by Finland mining authority
All the new reservations are in the Karelian Craton in Finland, where Karelian Diamond Resources said it was actively working on the discovery and development...