Category: Mining

Report: Debswana Eyes Capital Markets for $6B Jwaneng Expansion Funds

Company has previously financed its mining projects mainly through internal sources.

Weaker Product Mix Dents Petra’s Rough Prices 

Miner will cease reporting individual tender results due to fluctuations in diamond prices and demand.

Debswana Pauses Production at Some Mines Amid Weak Market 

Company reduces output guidance for the year by 16% to 15 million carats.

Reports: Indian Billionaire, Former CEOs Among Buyers Eyeing De Beers 

Ex-chiefs Gareth Penny and Bruce Cleaver looking to snap up miner, according to Reuters and Bloomberg.

36ct. Ruby to Star in Gemfields Auction 

Sale will include goods from newer section of its Mozambique mine.

Polish All Botswana Diamonds Locally, President Reportedly Urges 

No stone will leave the country in its rough form, Boko quoted as saying.

Kimberley Process Move on Conflict Diamonds Is Slow and Symbolic 

The proposed new definition targets a broader range of armed groups. Member countries would veto anything stronger.

De Beers to Cut over 1,000 Jobs at Debswana Unit 

Botswana Mine Workers Union condemns President Duma Boko’s public announcement of layoffs.

Lower-Quality Diamonds Dent Petra Revenue

Sales fall 13% to $41.6 million in third quarter.

High-Value Lulo Mine Up for Grabs as Lucapa Enters Administration

Company undergoing “urgent assessment” of assets and operations.

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