Tag: Diamonds
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US declares interest in developing African mining sector
CAPE TOWN, SOUTH AFRICA — The administration of U.S. President Donald Trump is interested in developing the mining sector in Africa. On the first day of his second term, Trump signed an executive order focusing on minerals, mineral extraction, and mineral processing. “Mainly in the United States but if you read closely there are also…
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De Beers ditches lab-grown diamonds as it looks beyond Anglo
De Beers will ditch a controversial experiment to sell lab grown diamond jewelry, ending a six-year program that broke one of its oldest taboos. While the company long held the technology to make synthetic gems, it always refused to sell them as jewelry, fearing they would undercut the allure of natural stones. Yet as man-made…
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Botswana GDP shrinks most since 2020 as diamond output plunges
Botswana’s economy contracted by the most since the peak of the pandemic in early 2020, after diamond production plunged. Gross domestic product shrank an annual 5.3% in the first quarter, compared with growth of 1.9% in the prior three months. The downturn was primarily influenced by a decrease in real value added of the diamond…
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Lucapa finds Angola mine’s second-largest diamond
Australia’s Lucapa Diamond (ASX: LOM) has unearthed a 235-carat type IIa diamond from its prolific Lulo mine, the second-largest recovered at the Angola operation since it opened in 2015. The find comes barely a week after the recovery of a 208-carat diamond at the same mine, which is the third-largest ever recovered from Lulo. The new diamond was dug up from Mining Block…
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Pan African reports increased first-half gold production
Pan African released a production update for the first half of its financial year on Monday, reporting an improved safety performance, increased gold production, and progress on the Mogale Tailings Retreatment (MTR) Project. The AIM-traded company reported a notable improvement in safety, with a decline in the total recordable injury frequency rate (TIFR) to 6.13 per…
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Naomi Campbell in diamond drama
British supermodel Naomi Campbell could be subpoenaed to testify at the trial of Liberia’s ex-President Charles Taylor for accepting a ‘blood diamond.’ It is alleged that Ms Campbell “was given rough diamonds” by Mr Taylor in 1997 at Nelson Mandela’s house in South Africa. Mr Taylor is accused of using “blood diamonds” to fuel an…
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