Category: Mining

US Awards Nonprofit Funding to Support ASM Sector 

Pact will use some of the money to promote mercury-free mining in Mali.

Petra Cuts Jobs, Rough-Price Expectations as Market Remains Weak

Like-for-like figures down 7% from previous tender across most size categories.

Burgundy Reports Increased Demand for Mid and Large Rough Categories 

Company garners $93 million from two sales in October and December.

Lucara Bullish on 2025 Revenue and Production Forecast 

Miner expects between $195 million and $225 million for upcoming year.

Gem Diamonds Issues Reserved 2025 Production Outlook

Output impacted by move to lower-grade ore at Letšeng mine.

Angola Replaces Alrosa with Oman in Diamond-Mining Operations 

Maaden International Investment Fund will take over Russia’s 41% stake in Catoca, as well as its interest in Leule.

Gokhran Bails Out Alrosa with Purchase of Diamond Parcel 

Miner will deliver the batch, which includes gem-quality rough in various colors and sizes, by end of year.

Lucapa Looks to Form Partnerships to Help Fund $16M Merlin Project 

Two-phase operation set to yield up to 314,000 carats and revenue of $159.8 million.

Gemfields Emerald Auction ‘Disappoints’ Amid Competition, Slow Demand 

Higher-quality goods performed very well, while the miner held back other items.

De Beers Hopes to Seal Botswana Deal in ‘Days and Weeks’

CEO Al Cook holds first formal meeting with new president, Duma Boko.

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