April 24, 2020

Diamonds need some new best friends

Nearly seven decades after Marilyn Monroe’s immortal song, it's time for a new myth.

April 24, 2020

Gem Diamonds to restart Letšeng mine

Lesotho diamond mine will reopen on April 27, following a phased ramp-up plan and in compliance with protocols for preventing the spread of covid-19.

April 23, 2020

De Beers axes production forecast amid market collapse

As many other diamond miners, De Beers is trying to weather a shutdown of the global supply chain.

April 23, 2020

Anglo American to cut capex, costs due to coronavirus impact

Anglo's exposure to South Africa, which accounts for about half of its profits, has forced the company to cut spending and reduce costs.

April 22, 2020

Venezuela allows gold mining in river basins

A new resolution was approved almost in secrecy. The parliament rejects it.

April 22, 2020

Petra moves towards $650 million debt restructuring

The company announced in February it was looking at strategic options in relation to its debt due in 2022.

April 22, 2020

Emissions to drop 6% this year due to pandemic

The World Meteorological Organization says the forecast comes as covid-19 has brought transportation and industrial energy production to a near halt.

April 20, 2020

Anglo American board donates portion of pay to covid-19 fight

Anglo American has already donated $25 million to covid-19 causes.

April 20, 2020

A look at rough diamond prices in the midst of the covid crisis

Much of the diamond supply chain has been virtually suspended due to the pandemic.

April 16, 2020

Alrosa reports 9% production drop in Q1

Sales of rough and polished diamonds totalled $904 million.