Lucara recovers 393 ct diamond at Karowe

Mining News Pro - Lucara Diamond Corporation has recovered a 393.5 ct top white Type IIa gem-quality diamond from its 100%-owned Karowe diamond mine in Botswana.

De Beers records strong sixth-cycle sales

Mining News Pro - Diamond miner De Beers Group sold about $510-million of rough diamonds in its sixth sales cycle of the year.

Burgundy sets A$50m raising target

Mining News Pro - Burgundy Diamond Mines will raise nearly A$50-million to accelerate its diamond strategy.

Record Cullinan performance drives improvement in Petra’s full-year output

Mining News Pro - Diamond miner Petra Diamonds produced 3.2-million carats at its operations in the financial year ended June 30.

De Beers’ second-quarter rough diamond production up 134%

Mining News Pro - Diamond miner De Beers’ rough diamond production increased by 134% year-on-year to 8.2-million carats during the second quarter, which the miner says reflects “planned higher production” to meet stronger demand for rough diamonds.

Gemfields’ new indicator aims for transparency on how much miners pay host countries in taxes

Mining News Pro - Gemfields called on governance bodies, mining organizations, industry observers and host governments to adopt the ‘G-Factor for Natural Resources,’ a new measure promoting greater transparency regarding the level of natural resource wealth shared with the governments of host countries.

Lucara uncovers Botswana’s largest fancy pink diamond yet

Mining News Pro - Canada-headquartered Lucara Diamonds has recovered Botswana’s largest fancy pink gem yet, as well as one of the world’s largest pink diamonds on record, weighing 62.7 ct.

Rare diamonds show life-giving elements present on Earth soon after it formed

Mining News Pro - Ancient diamonds studied by a group of French and Canadian researchers revealed that the presence of life-giving elements in sufficient quantities appeared soon after Earth formed, and has remained fairly constant ever since.

Petra sells 39.34 ct blue diamond for $40.1m

Mining News Pro - The 39.34 ct exceptional Type IIb blue diamond which Petra Diamonds recovered at its Cullinan mine on April 1, has been sold to a partnership between diamond miners De Beers and Diacore for more than $40.1-million.

Petra fetches over $40m for 39-carat blue diamond

Mining News Pro - South Africa’s Petra Diamonds (LON:PDL) has fetched $40.2 million for a 39.34-carat blue diamond it recovered at its iconic Cullinan mine in April, the company’s highest price ever for a single stone.

Lucara signs $220m senior debt facilities to expand its Karowe mine

Mining News Pro - Canadian miner Lucara Diamond has signed loan documentation in relation to its previously announced senior secured project financing debt package of $220-million between Lucara Botswana as the borrower and a syndicate of five mandated lead arrangers (MLAs).

Star Diamond battles Rio Tinto’s call to JV meeting

Mining News Pro - Canada’s Star Diamond said Thursday that Rio Tinto had no right to call or hold a meeting of the joint venture management committee, saying such entity does not yet exist.

Lucapa sets new revenue records

Mining News Pro - Diamond miner Lucapa has reported a strong first half of production for the 2021 calendar year, on the back of record volumes from both its Lulo and Mothae mines during the second quarter.

Britain's Firestone to sell Botswana diamond mine for $50 000

Mining News Pro - Britain's Firestone Diamonds has agreed to sell its Botswana mine to a local company for just $50 000, after previous attempts to offload the mine it valued at $10-million in 2014 fell through.

Myanmar army tightens grip on lucrative jade sector

Mining News Pro - Myanmar’s military has further tightened its grip on the country’s jade trade, using the industry to finance the February 1 coup that plunged the country into turmoil, a new report released Tuesday shows.

Lucara announces C$38m financing

Mining News Pro - Botswana-focused Lucara Diamond Corp on Thursday announced C$38-million in financing to support the development and ongoing operation of its Karowe mine.

Lucara strikes again with diamond over 1,000 carats

Mining News Pro - Canada’s Lucara Diamond has recovered a 1,174 carat diamond from its company’s prolific Karowe mine in Botswana, the third over 1,000 carats recovered since 2015.

KZN 'diamond rush' unearths only quartz crystals

Mining News Pro - Unidentified stones that lured thousands of fortune seekers to a rural South African village to mine the land with picks and shovels were not diamonds as hoped, officials said on Sunday, but quartz stones with relatively low, if any, value.

Merlin acquisition to make magic for Lucapa

Mining News Pro - Lucapa Diamond Company has initiated the acquisition of the Merlin diamond project in the Northern Territory from Merlin Operations.

Lucapa buys Merlin, makes plans for a restart

Mining News Pro - Diamond miner Lucapa Diamonds has struck an A$8.5-million deal to acquire the Merlin diamond project, in the Northern Territory, announcing plans to raise A$23-million to fund both the acquisition of the project and its advancement.

Diamond jewellery demand in US, China robust; India's demand affected by Covid-19 wave

Mining News Pro - Diamond miner De Beers continues to see "robust" demand for diamond jewellery in the key US and China consumer markets, says CEO Bruce Cleaver.

Rio Tinto’s Argyle send-off sets record

Mining News Pro - Rio Tinto has previewed its final Argyle Pink Diamonds Tender which will include a record number of diamonds larger than one carat from the renowned Argyle diamond mine in Western Australia.

Lulo delivers another large diamond

Mining News Pro - Diamond miner Lucapa has recovered a 138 ct diamond from Mining Block 46 at its Lulo operation, in Angola.

No lull for Lucapa with 100+ carat diamond discovery

Mining News Pro - Lucapa Diamond Company has uncovered yet another 100-plus carat diamond from the Lulo alluvial diamond mine in Angola, Africa.

Lucapa sells more diamonds

Mining News Pro - Diamond miner Lucapa Diamonds has sold a 4 000 ct parcel of diamonds, generating A$6.3-million in revenue.

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