Page 15 - Mining Engineer News Today

Lucara Diamond chairperson and director Lukas Lundin is set to retire from the board upon the completion of his term at the company's upcoming 2022 annual meeting of shareholders in May this year. The Lundin family owns a 24.5% stake in Lucara...

Dr M'zée Fula Ngenge became Africa’s highest-ranking diamond administrator by serving as Chairman of the African Diamond Council (ADC). After celebrating 40 years in the global diamond industry this month, this experienced Mining Engineer...

No one had really believed it. Neither did I. But once I stepped into the main ballroom of Dubai’s Atlantis The Palm, I realized it was so: the fifth edition of the Dubai Diamond Conference (DDC) had no seat to spare. Sold out, as reported.

Anglo Platinum recorded a 161% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to R108.4 billion in 2021 compared with R41.6 billion, a year earlier despite increases in costs and higher wages. It said this...

DMCC hosted its flagship Dubai Diamond Conference (DDC) on 21, Feb, 2022, held under the theme “The Future of Diamonds”. In his opening remarks, Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, announced that the UAE reached...

Namibia exported rough diamonds valued at more than $106 million to Antwerp, Belgium in 2020, according to local media reports. New Era reports that the country also shipped polished diamonds worth about $5.4 million to the European nation.

Platinum group metals and chrome producer Tharisa Minerals has concluded agreements with its black economic empowerment (BEE) shareholders to acquire their 26% interest in the company for R390 million ($25.6 million). The transaction...

Zimbabwe will not renew licences for non-compliant miners who are not observing sustainable mining practices as it seeks to stop environmental degradation.

Lucapa Diamond has received an interim dividend payment of A$5 million ($3.6 million) for the year 2021 from its $40%-owned Lulo operations in Angola. Sociedade Mineira Do Lulo (SML) shareholders approved a dividend of A$14 million...

De Beers Cullinan Blue, a 15.10 ct fancy vivid blue diamond, is expected to sell for around $48 mn at Sotheby’s Hong Kong. According to Sotheby’s, blue diamonds of this kind are exceptionally rare as only five 10-carat+ stones ever have come to auction...