Botswana, De Beers suitor near deal on ownership stakes – report

Botswana and a consortium leading the race to acquire De Beers are close to agreeing on their future ownership stakes, potentially clearing the way for Anglo American to exit the diamond miner, according to Bloomberg.

Yesterday

Petra Diamonds subsidiary ordered to wind up over unpaid tax

Petra Diamonds has confirmed that a winding-up order has been made against its wholly owned indirect subsidiary, Petra Diamonds UK Treasury Limited (PDUK Treasury), following a petition by HM Revenue & Customs.

Yesterday

LVMH’s watches & jewellery division revenue rose 8% in the first nine months of 2026

The Watches & Jewellery division of the French conglomerate LVMH, home to over 75 world-renowned luxury brands, recorded an 8% organic revenue growth during the first nine months of 2026 thanks to strong jewellery demand, despite a challenging economic...

Yesterday

Russian companies to increase investment in PGM exploration by 17% in 2026

In 2026, Russian companies will increase their investment in the exploration of platinum group metals (PGM) by 17%, with the total reaching nearly 2 billion rubles ($23 million), the Russian Ministry of Natural Resources and Environment...

Yesterday

Diamond jewellery sales in India set to increase 15% - 20% on sharp rise in gold prices

Indian diamond jewellery retailers anticipate a 15% - 20% increase in sales during the 2026 festive season, driven primarily by the sharp rise in gold prices which prompts consumers to consider diamond jewellery in more affordable price range...

14 october 2026

Deep-Sea Mining: Mineral Riches or Poverty Of Extinction

12 march 2020

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Image credit: Debmarine Namibia


(industryleadersmagazine.com) - Climate change, environmental impact and dwindling resources on land have forced countries and international regulatory bodies to promote conservative uses of resources and look for sustainable energy solutions. And pushing the boundaries from beyond the earth surface are companies looking for feasible colonization of space and planets, and to the sea bed for minerals and metals. Seabed mining is seen as the answer to the scarcity facing the energy sector. Deep-sea mining is the process of retrieving mineral deposits from the ocean below 200 metres, which covers about 65% of the Earth’s surface. Metals and minerals were discovered on the sea bed almost a century ago. Since then concerted efforts have been on to find a feasible technology, an international consensus based on rules, codes and an apparent commitment to not disturb the deep-sea ecology, to allow deeps sea mining.