Angola’s state-owned diamond producer said some clients were deterred by its partnership with Russia’s Alrosa PJSC, but underlined that its output doesn’t fall under western sanctions.
Irish explorer Karelian Diamond Resources (AIM: KDR) believes it is getting closer to the source of a rare green diamond it found in 2022 with the completion of a series of a follow-up excavations in an area located in Finland’s Kuhmo region.
Canada’s Lucara Diamond has dug up a 1,094-carat diamond from its Karowe mine in Botswana.
Africa-focused miner Gem Diamonds (LON: GEMD) has unearthed yet another massive white diamond at its prolific Letšeng mine in Lesotho, just days after another major find.
Botswana’s state-owned Okavango Diamond Company (ODC) seeks a $300 million credit facility from local banks to support larger volumes of diamond purchases, Finance Minister Peggy Serame said on Thursday.
Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding at no extra cost following the downturn in the diamond market, the country’s mines minister said on Tuesday.
Cameroon on Tuesday signed a bauxite mining deal worth at least $2 billion with a subsidiary of Australia-based Canyon Resources, as the central African nation seeks to become an upper middle-income country by 2035.
Guinea’s military leadership in a draft constitution has proposed reducing presidential terms in the world’s top exporter of bauxite to five years from six and restricting them.
Botswana’s government will encourage new mining ventures to offer citizens the right to buy as much as 24% of projects in which the state hasn’t exercised its right to purchase a stake.
India’s cut and polished diamond exports have been faltering due to weak demand from the key market, China, and they are unlikely to stabilize unless the government provides support to the industry, the head of a leading trade body said on Thursday.