Category: Mining

Anglo American ‘Likely’ to Write Down De Beers’ Value Again

Parent company slashes diamond miner’s production plan by 10 million carats.

The new partnership aims to cement the nation’s position in the global diamond trade.

Community leaders have created barriers at all site entrances and made a “series of unreasonable demands,” according to Lucapa.

Average price per carat down 80% in fourth quarter.

Sales up 10% to $152.8 million in 2024.

Revenue at Burgundy Diamond Mines down 39% to $101 million in fourth quarter.

Diamcor will use $5 million loan to expand work at its Krone-Endora at Venetia project in South Africa.

Figure down 19% year on year to $72 per carat.

Company had previously sold just under 50% of deposit.

Miner now expects rough from Finsch deposit to generate between $70 and $80 per carat, rather than the $80 to $90 it forecast in December.

The September issue looks at the spending trends, gemstones, and styles shaping retail shopping this festive season.