News
Mountain Province transfers its Gahcho Kué stake to De Beers in restructuring deal
Mountain Province Diamonds has agreed to transfer its 49% stake in the Gahcho Kué diamond mine in Canada to De Beers as part of a comprehensive restructuring deal, freeing it of associated obligations and liabilities.
Today
Namibia must champion natural diamond provenance, value chain participation – Nandi-Ndaitwah
Namibian President Netumbo Nandi-Ndaitwah says her country must continue to position its natural diamonds in the global market by emphasising rarity, authenticity, quality and responsible provenance.
Today
Yakutia and Belarus discuss diamond cutting cooperation in Minsk
A delegation led by the head of the Republic of Yakutia visited the Belarusian company Gomel PO Kristall and discussed its participation in establishing a diamond cluster in the region.
Today
Russia’s govt estimates rough diamond export duty at $217.65m over three years - report
The Russian government plans to generate 18.5 billion rubles ($217.65 million) in budget revenue over three years following the introduction of an export duty on rough diamonds, effective March 1, 2027.
Today
Premier African Minerals raises £1.2M to restart Zulu operations
Premier African Minerals Limited has raised approximately £1,200,000 before expenses through a direct subscription to support the planned recommencement of operations at its Zulu lithium and tantalum project in Zimbabwe.
Today
Botswana: Revival of the Mine-to-Finger Model
(idexonline.com) - The President of Botswana, Mokgweetsi Masisi, speaking at a gala dinner in Gaborone, declared that "he no longer wished to operate under any model other than the one set up by Lucara and HB Antwerp." (Africa Intelligence April 7th, 2022). President Masisi referred to the seemingly endless, five-year negotiations between De Beers and Botswana about prolonging their joint sales operations, that were not finalized till today. His decisive declaration means that either De Beers would follow Lucara - HB's model, or we could be surprised soon by an historic move by HB, that might take over a substantial and the most prestigious chunk of De Beers' diamond sales.
