Keyword: "diamonds"

Mining News Pro - Following a strategic review into its capital structure options, London-listed Petra Diamonds has decided to seek offers for the company or for parts of the business’ assets.

Mining News Pro - Petra Diamonds has put itself or parts of its business up for sale, the Africa-focussed miner said on Friday, as part of a review the company began in March after being hammered by lacklustre demand and prices for the precious gem.

Mining News Pro - EHR Resources has partnered with North Arrow Minerals to explore the Naujaat diamond project in Canada under a new agreement.

Mining News Pro - Botswana Diamonds (BOD) has concluded the processing of two bulk samples taken from the Marsfontein diamond development project, in Limpopo; the samples of which comprised 58 t of fresh high-interest kimberlite and 62 t of kimberlite material from one of the residual stockpiles, known as Dump E.

Mining News Pro - Following anaemic April sales caused by falling demand due to the COVID-19 pandemic, Russia’s Alrosa has started pushing for the sale of fluorescent diamonds.

Mining News Pro - UK-based BlueRock Diamonds has restarted operations at its South Africa mine, but is making operational changes to keep production costs low amid COVID-19-related economic uncertainty.

Mining News Pro - South Africa’s Petra Diamonds is saying goodbye to Adonis Pouroulis, the company’s founder and chairman for 23 years.

Mining News Pro - Petra Diamonds has had to halt its production outlook for fiscal 2020 as it is closing its mines in South Africa for a mandatory 21-day lockdown aimed at tackling the worsening coronavirus pandemic.

Mining News Pro - Botswana Diamonds has started a bulk sampling campaign at its Marsfontein project, in South Africa, where kimberlite was previously identified as being of “high interest”.

Mining News Pro - Russia is proposing to move toward ending the ban on selling so-called blood diamonds from the Central African Republic, a former French colony that’s struck recent military and commercial ties with Moscow, amid resistance from the US and Europe.

Mining News Pro - The world’s top diamond producer by output, Alrosa said on Wednesday it planned to start trial mining at a new section of its Luaxe deposit in Angola by mid-2020.

Mining News Pro - Anglo American has cut its production forecasts for coal, iron ore and diamonds for the next two years, but is bullish on the outlook for copper and palladium, it said in an update for investors on Tuesday.

Mining News Pro - Struggling Petra Diamonds has had to suspend operations at all of its mines in South Africa after Eskom, the country’s electricity utility, declared a power system emergency and asked the miner to reduce its electricity load.

Mining News Pro - Shares in Africa-focused Firestone Diamonds went ballistic on Wednesday after it announced that stable power had returned to its Liqhobong mine in Lesotho, with the plant processing at full capacity.

Mining News Pro - Botswana Diamonds said Tuesday that it recovered the first diamonds from plant commissioning activities on its Marsfontein mine in Limpopo, South Africa.

Mining News Pro - South Africa’s Petra Diamonds is opening up some of its tailings at Koffiefontein mine to small scale operators, in an effort to tackle illegal activities and solve some issues caused by artisanal miners.

Mining News Pro - Anglo American unit De Beers said its 2019 marketing budget will exceed last year’s figure of $170 million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales.

Mining News Pro - For 30 years, jeweler John Calleija has been purchasing rare gems from Rio Tinto Group’s Argyle mine in remote Western Australia, home to 90% of the world’s prized pink diamonds.

Mining News Pro - Rio Tinto is exploring for diamonds in Canada as part of its plans to stay in the sector despite the looming closure of its Argyle mine in Australia, known for extremely rare pink diamonds, the firm’s head of copper and diamonds said.

Mining News Pro - Anglo American’s De Beers, the world’s No.1 diamond miner by value, will once again let buyers reject some of the precious stones at the company’s upcoming sale amid weak prices and miners facing challenging times, especially those producing cheaper and smaller stones where there is too much supply.

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