Keyword: "de beers"

Mining News Pro - Diversified miner Anglo American reports that its diamond mining subsidiary, the De Beers Group, recorded $467-million worth of provisional rough diamond sales, both through global sightholder sales and auctions, during the eight sales cycle of the year.

Mining News Pro - De Beers, the world’s largest diamond producer by value, revealed on Friday it made about three times as much in sales of roughs in the seventh sales cycle of the year as it did in the previous event.

Mining News Pro - A new IoT solution that provides geofencing to maintain safe work distances for crew operating heavy equipment has been installed at De Beers’ marine diamond mining operations.

Mining News Pro - Russian diamond miner Alrosa PJSC joined rival De Beers in cutting prices for its gems, but with a twist — the company changed its billing system so buyers can’t tell which stones are discounted, or by how much.

Mining News Pro - De Beers has finally decided to cut the price of its diamonds in a bid to spark sales after the coronavirus pandemic paralyzed the industry.

Mining News Pro - Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand.

Mining News Pro - The largest and most technologically advanced marine diamond mining vessel, which is under construction, will be fitted with an integrated power system package supplied by electronics, automation and robotics company ABB.

Mining News Pro - De Beers Venetia Mine has unveiled a R10-million coronavirus testing laboratory that will be used to check the diamond mines’ employees and contractors for Covid-19.

Mining News Pro - De Beers, the world’s largest diamond miner by value, cut 2020 production guidance by a fifth on Thursday, as the coronavirus pandemic has brought the global supply chain to a halt, affecting demand.

Mining News Pro - Owing to public health restrictions on the movement of people and products in Botswana, South Africa and India, diamond miner De Beers will not hold its third rough diamond sales cycle of this year.

Mining News Pro - Kimberlite rock samples recovered at De Beers Canada’s Chidliak project in Nunavut unveiled the composition of the North Atlantic craton—an ancient part of Earth’s continental crust that stretches from Scotland to Labrador.

Mining News Pro - Not since at least the early 2000s, when De Beers gave up its global monopoly on diamonds, has the company earned so little money.

Mining News Pro - Botswana plans to conclude negotiations with De Beers on a diamond sales agreement by the end of April to replace the current ten-year deal that expires in January.

Mining News Pro - Botswana plans to conclude negotiations with De Beers on a diamond sales agreement by the end of April to replace the current ten-year deal that expires in January.

Mining News Pro - De Beers Group Managed Operations MD responsible for South Africa and Canada, Nompumelelo (Mpumi) Zikalala, spoke to Mining Weekly this week about the highlights and one lowlight of her first nine months in office.

Mining News Pro - De Beers sold the most diamonds since April in a sign the industry is starting to recover from a slump in demand last year, though the market will require more evidence of a sustained rebound.

Mining News Pro - De Beers is considering key changes to the way it sells diamonds as frustration mounts among its customers—a supposedly elite group that are now struggling to turn a profit.

Mining News Pro - Anglo American’s De Beers, the world’s No.1 diamond miner by value, said on Wednesday that its last roughs sale of the year fetched $425 million, a slight improvement from the $400 million it obtained in the previous tender, but still over the year a whopping $1.4 billion less than in 2018.

Mining News Pro - De Beers sold the most diamonds since June after the biggest price cut in years, but sales still remained lower than normal for this time of year as the industry’s cutters and traders struggle to make money.

Mining News Pro - De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years.

Last News