Gemfields to Halt Some Operations, Sell Businesses Amid Market Woes December 23, 2024 Company considers offloading Fabergé, will shut emerald mine for at least six months. Mining
US Awards Nonprofit Funding to Support ASM Sector December 22, 2024 Pact will use some of the money to promote mercury-free mining in Mali. Mining
Petra Cuts Jobs, Rough-Price Expectations as Market Remains Weak December 22, 2024 Like-for-like figures down 7% from previous tender across most size categories. Mining
Burgundy Reports Increased Demand for Mid and Large Rough Categories December 17, 2024 Company garners $93 million from two sales in October and December. Mining
Lucara Bullish on 2025 Revenue and Production Forecast December 4, 2024 Miner expects between $195 million and $225 million for upcoming year. Mining
Gem Diamonds Issues Reserved 2025 Production Outlook December 3, 2024 Output impacted by move to lower-grade ore at Letšeng mine. Mining
Angola Replaces Alrosa with Oman in Diamond-Mining Operations December 1, 2024 Maaden International Investment Fund will take over Russia’s 41% stake in Catoca, as well as its interest in Leule. Mining
Gokhran Bails Out Alrosa with Purchase of Diamond Parcel November 27, 2024 Miner will deliver the batch, which includes gem-quality rough in various colors and sizes, by end of year. Mining
Lucapa Looks to Form Partnerships to Help Fund $16M Merlin Project November 26, 2024 Two-phase operation set to yield up to 314,000 carats and revenue of $159.8 million. Mining
Gemfields Emerald Auction ‘Disappoints’ Amid Competition, Slow Demand November 25, 2024 Higher-quality goods performed very well, while the miner held back other items. Mining