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.

Yesterday

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.

Yesterday

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.

Yesterday

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.

Yesterday

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.

Yesterday

What goes up must come down: the evolution of the lithium industry

10 may 2024

By Allan Pedersen

(woodmac.com) - Any industry experiencing an intense and prolonged growth trajectory will incur periods where it is less smooth sailing. In the last few years, lithium went through one of those periods where a supply deficit resulted in prices increasing eight to thirteenfold.