Category: Mining

Ekati Mine Owner Seeks over $100M in Funding to Sustain Business

Burgundy Diamond Mines attributes financial troubles to challenging market, compounded by tariffs.

Alrosa’s Mine Life Extension to Add $1.2B to Its Coffers

Udachnaya pipe will continue for an additional 16 years, until 2055.

Botswana, Angola Seek Stakes in De Beers

Governments bidding for majority and minority interests, respectively.

Vast Resources to Offer 15-Year-Old Diamond Parcels This Month

Stones underwent cleaning and preparation to maximize their value.

Anglo American to Merge with Teck Resources

Combined group will remain committed to divesting De Beers.

Alrosa Spends Big on Gold to Expand Portfolio

Miner will lay out $102.1 million on expansion of Degdekan deposit.

Gem Diamonds Chops Four Years Off Letšeng Mine Life

Miner reports loss of $11.7 million in second half.

Burgundy Plunges to $29.5M Loss in First Half

Unfavorable weather, weak demand and transitioning production to new areas led to a deficit.

Lucara Recovers Large Pink and Enormous 1,020ct. White 

Miner also draws down $10 million on shareholder loan to fill funding shortfall for Karowe expansion.

Ewan Mason to Step Down as CEO of Star Diamond

Mining executive is retiring after almost three years at company’s helm.

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