De Beers to spend $1 billion on Botswana mine expansion
Mining News Pro - De Beers, the world’s largest diamond producer by value, said on Wednesday it’s going ahead with a planned $1 billion investment to extend the life of its flagship Jwaneng mine in Botswana by moving operations underground.
-
-
Visit: 77
De Beers keeps production target despite supply glut
Mining News Pro - De Beers is sticking to its 2023 production target because it is confident of the long-term outlook, its chief executive said on Monday, despite a glut in diamond supply amid weakening demand.
-
-
Visit: 153
De Beers ends lab-grown engagement diamonds foray as prices drop
Mining News Pro - De Beers decided to call time on offering lab-grown diamonds for engagement rings even as the man-made alternatives continue to cannibalize demand in one of the company’s most important markets.
-
-
Visit: 142
De Beers to aid employees in evacuation amid wildfires in Canada’s Northwest Territories
Mining News Pro - Anglo American unit De Beers Group said on Thursday it was assisting some employees at its Gahcho Kué diamond mine in Canada’s Northwest Territories whose families were residing in the Yellowknife region and were asked to evacuate due to wildfires.
-
-
Visit: 209
De Beers to aid employees in evacuation amid wildfires in Canada’s Northwest Territories
Mining News Pro - Anglo American unit De Beers Group said on Thursday it was assisting some employees at its Gahcho Kué diamond mine in Canada’s Northwest Territories whose families were residing in the Yellowknife region and were asked to evacuate due to wildfires.
-
-
Visit: 173
De Beers $2.3bn Venetia mine expansion yields first diamonds
Mining News Pro - De Beers, the world’s largest diamond producer by value, announced on Tuesday it has recovered the first diamonds from its new $2.3 billion underground operations at Venetia mine in South Africa.
-
-
Visit: 145
De Beers agrees to give Botswana more rough diamonds in new sales pact
Mining News Pro - Botswana and De Beers Group have agreed to a new diamond sales deal in which the African country, the world’s No. 1 diamond producer by value, gradually increases the share of rough stones it gets from their joint venture Debswana over the next decade to 50%, the government and the mining company said on Saturday.
-
-
Visit: 207
Botswana says it is still keen on De Beers partnership, confident of new deal
Mining News Pro - Botswana wants to maintain its partnership with De Beers and is confident that ongoing negotiations for a new diamond sales agreement will succeed, a government spokesperson said on Tuesday.
-
-
Visit: 140
Botswana president insists on bigger share of diamonds from De Beers venture
Mining News Pro - Botswana will not back down on demands for a bigger share of rough diamonds from its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, upping the stakes as talks for a new sales deal appear to be stalling.
-
-
Visit: 230
De Beers Canada receives fine for 2017 Snap Lake diesel spill
Mining News Pro - De Beers Canada has been fined C$350,000 by Canada’s Environment and Climate Change ministry for a diesel spill at the Snap Lake diamond mine in Northwest Territories.
-
-
Visit: 679
Botswana president sees progress on diamond pact with De Beers
Mining News Pro - Botswana and De Beers Plc are working out the “finer” details of a new diamond-sales pact and the southern African nation’s government is confident a deal will be struck, President Mokgweetsi Masisi said.
-
-
Visit: 724
Botswana president sees progress on diamond pact with De Beers
Mining News Pro - Botswana and De Beers Plc are working out the “finer” details of a new diamond-sales pact and the southern African nation’s government is confident a deal will be struck, President Mokgweetsi Masisi said.
-
-
Visit: 701
De Beers rises small diamonds price amid shortage
Mining News Pro - De Beers, the world’s top diamond producer by value, has once again increased the price of its smaller stones as sanctions on Alrosa (MCX: ALRS), its Russian rival, have worsened a global shortage caused by two years of covid-related shutdowns.
-
-
Visit: 914
Diamond prices are spiking and even De Beers can’t fill the gap
Mining News Pro - Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time.
-
-
Visit: 916
Diamond prices are spiking and even De Beers can’t fill the gap
Mining News Pro - Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time.
-
-
Visit: 500
De Beers back to search for diamonds in Angola
Mining News Pro - De Beers, the world’s largest diamond miner by value, has inked two mineral investment deals with the Angolan government granting the company exploration rights for 35 years in the country’s northeast.
-
-
Visit: 816
De Beers reassures market its diamonds do not come from Russia
Mining News Pro - Diamond major De Beers is encouraging retailers to “buy with confidence” by engaging with their suppliers to understand the origin of their diamonds, following an executive order by US President Joe Biden banning the importation of Russia-sourced diamonds into the US.
-
-
Visit: 737
De Beers latest sale shows diamond demand remains strong
Mining News Pro - De Beers, the world’s top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period last year, attesting to the industry’s consolidated recovery from the first pandemic-induced shutdowns.
-
-
Visit: 851
De Beers returns diamond sights to Gaborone as travel opens up
Mining News Pro - De Beers is bringing its sales activities back to Botswana’s capital Gaborone, it said on Thursday, almost two years after the Covid-19 pandemic forced them to be held in cities including Antwerp and Dubai.
-
-
Visit: 742
De Beers boosts production to meet recovering demand
Mining News Pro - De Beers, the world’s top diamond producer by value, saw production jump in the last quarter of 2021 by 15% to 7.7 million carats, as it boosted production to meet recovering demand.
-
-
Visit: 1065
De Beers makes diamond buyers cough up cash with fresh price rise
Mining News Pro - De Beers has implemented its biggest price increase for diamonds in years as the industry consolidates its recovery from the first pandemic-induced shutdowns.
-
-
Visit: 955
Family who exited De Beers for $5 billion taps Asia’s rich
Mining News Pro - The family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its Asia exposure and partner with the region’s wealthy.
-
-
Visit: 832
De Beers to extend life of Namibia mines to 2042
Mining News Pro - Namdeb, a joint venture between the Namibian government and diamond giant De Beers, announced on Thursday the approval of new long-term business plan that will allow it to extend its land-based mines’ life by 20 years to 2042.
-
-
Visit: 1006
De Beers seventh sales cycle revenue amounts to $515m
Mining News Pro - Diamond miner De Beers sold an estimated $515-million of rough diamonds during its seventh sales cycle of the year.
-
-
Visit: 1015
Diamond sales at De Beers' Botswana unit rebound as global market recovers
Mining News Pro - De Beers' Botswana unit saw sales of rough diamonds rebound by 41% in the first half of 2021, driven by the reopening of key markets the United States and China, data from the Bank of Botswana showed on Thursday.
-
-
Visit: 720