Africa

Gem Diamonds sells Botswana unit for $4 million

Gem Diamonds sells Botswana unit for US$4 million

Africa-focused Gem Diamonds (LSE: GEMD) is selling its Botswana subsidiary to Okwa Diamonds, owned by Vast Resources (LSE: VAST) and Botswana Diamonds (LSE: BOD), for only US$4 million.  Okwa Diamond’s main target…







Expansion of Lucara’s Karowe mine to take longer and cost more

Expansion of Lucara’s Karowe mine to take longer and cost more

Canada’s Lucara Diamond (TSX: LUC) has adjusted the cost and timeline of the underground expansion of its Karowe mine in Botswana, one of the world’s most prolific sources of large, high value type IIA diamonds. The company now expects to achieve 75%…





Kamoa-Kakula achieves commercial production milestone

Africa-focused megaproject developer Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has declared commercial production at the first phase of the Kamoa-Kakula copper mine in the Democratic Republic of Congo, effective from…


Lucara digs up 393-carat diamond at Karowe

Lucara digs up 393 carat diamond at Karowe

Lucara Diamond (TSX: LUC) has recovered a 393 carat diamond from its company’s Karowe mine in Botswana, the seventh stone greater than 300 carats dug up at the operation so far this year. …


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