Category: Mining

Mountain Province Profit Falls Amid Soft Rough-Pricing Market

Net income for first quarter down 76% year on year.

Gem Diamonds Revenue Bounces Back Amid Demand Upswing 

Increased sales volume outweighed weaker rough prices.

Does Anyone Want to Buy De Beers?

For sale: Diamond miner with unprecedented political challenges operating in the toughest market for years.

Ailing Rough Prices Dent Mountain Province Revenue

Sales fell 31% year on year in first quarter.

De Beers Lowers Production Plan

Sales and output fell in first quarter due to sluggish market.

Rio Tinto Output Falls Amid Bereavement Pause

Rough production down 22% year on year.

Petra’s Rough Prices Continue to Slip Amid Weak Demand

Like-for-like at fifth tender down 1% as smaller goods showed seasonal slowdown.

Stargems Takes Koffiefontein Mine off Petra’s Hands

Dubai-based diamond sourcing and supply company will take over responsibility for environmental rehabilitation fees.

Renard Diamond Mine to Be Repurposed for Lithium

Winsome Resources plans to acquire Stornoway’s processing plant and infrastructure.

Sluggish Demand Leads Mountain Province to Loss

Impairment charge and lower average rough prices in flat market hurt bottom line.

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