Namdeb seeks State recapitalisation as diamond prices erode revenue

Namdeb Holdings, comprising Namdeb and Debmarine Namibia, has approached the Namibian government for financial assistance as falling global diamond prices cut into revenue, The Namibian reports.


Today

Nornickel and Reksoft Implement "smart vision" to protect production

Nornickel has deployed a neural network-based video analytics system across its facilities, designed to prevent equipment breakdowns and production stoppages, the company’s press service reported.

Today

Lundin achieves record quarterly gold output at its flagship Ecuador mine

Vancouver-based Lundin Gold has reported that in the third quarter of 2026, gold production at its Fruta del Norte mine in southeast Ecuador hit a new quarterly record.

Today

Richemont, Signet in talks to join De Beers consortium – report

Luxury group Richemont and US retailer Signet Jewelers are in advanced talks to join the Global Diamond Consortium (GDC) bidding for De Beers, according to five people familiar with the matter, Bloomberg reports.

16 october 2026

Rio Tinto begins Q4 of 2026 with strong operational performance

The Anglo-Australian mining group Rio Tinto has reported its third-quarter 2026 results, highlighting strong operational performance.

16 october 2026

Miners fight Govt as Zimbabwean expropriations begin

04 july 2016
(miningmx.com) - On May 30, Kuda Mahobele, acting MD of Zimbabwean chrome producer ZimAlloys, took receipt of an unusual parcel. The contents of the parcel, a letter from the government, were not what he expected. Mines minister, Walter Chidhakwa, who had been negotiating with the country’s largest chrome miners to release ground back to government, had confiscated half of the mining claims held by Mahobele’s company. The letter, signed by Mines Permanent Secretary, Francis Gudyanga, read: “Despite repeated efforts to have a common understanding, you have remained evasive with regards to this matter. “Therefore, we will be giving you up to the 7th of June 2016 to present the claims to be handed over to the Ministry (of Mines) or risk the claims being acquired at our discretion and without notice.”