Category: Mining

Angola Diamond Mines Yield $1.8B in Revenue in 2025

Sales volume up 70% year on year.

Lucara Raises $50M to Complete Underground Project

Lundin Family Trusts will buy a minimum of 437.5 million shares in the miner.

Lucara’s Rough Reserves, Prices Tumble Amid Low Demand

New feasibility study shows value of top goods down 16% from two years ago.

Former Lucara CEO Moves into Gold Exploration

Tectonic Metals appoints cofounder Eira Thomas as board chair.

Botswana Willing to Partner with Russia on Diamonds

International Relations Minister Phenyo Butale says African country’s processing sector will benefit from collaboration, according to media source.

Alrosa Unearths Holiday-Shaped Rough from Russian Mine

Company finds 17-carat “Christmas tree ornament” and 2.7-carat “puppy” at Severalmaz site.

Canada’s NWT Govt. Extends Tax Relief for Diamond Mines

Program will save operators of Ekati, Diavik and Gahcho Kué around $8.8 million.

Alrosa Profitable in 2025, Expects Growth in New Year

Company is working on extending life of its core deposits and foresees them producing until 2055.

Ekati Owner Secures Funding to Keep Mine Afloat

Canada Development Investment Corporation gives $83 million loan to Burgundy Diamonds.

IMF Warns Botswana Not to Buy De Beers

Country is already suffering economically and highly dependent on diamond sector, report says.

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