Diamond - Copperbelt Katanga Mining

Lucapa Diamond Secures $10M Rescue Deal with Dubai’s Jemora Group

August 18, 2025August 18, 2025 Constance

Lucapa Diamond (ASX: LOM) Wins $10M Bailout from Dubai’s Jemora to Exit Administration Lucapa Diamond Company (ASX: LOM), operator of Angola’s Lulo alluvial mine and Australia’s Merlin project, has struck a rescue deal with Dubai-based Jemora Group that could bring the struggling miner out of administration. Administrators KordaMentha confirmed they have signed a deed of company arrangement with Jemora’s subsidiary, Gaston International, which has agreed to inject around A$15 million (US$10 million) into Lucapa. Under the proposal: Creditors would be paid in full. Shareholders could receive a partial payout of… Read More Here

Corporate News Diamond International

Botswana Aims for Majority Stake in De Beers as Anglo American Prepares Exit

August 3, 2025August 3, 2025 Constance

Botswana Seeks Majority Control of De Beers Amid Anglo American’s Exit Strategy The Government of Botswana has signaled its intention to acquire a controlling stake in diamond giant De Beers, according to Mining.com, citing a report from the Financial Times. This move adds a new layer of complexity to Anglo American’s ongoing efforts to divest its ownership of the iconic diamond producer. Currently, Botswana holds a 15% stake in De Beers and owns 50% of Debswana, a joint venture with the company that handles a significant portion of De Beers’… Read More Here

International Copper Corporate News Diamond

Anglo American Sees Copper and Diamond Output Slide as Restructuring Efforts Continue

July 27, 2025July 27, 2025 Constance

Anglo American Reports 13% Drop in Copper Output and 26% Fall in Diamond Production Amid Sluggish Demand Anglo American, the London-listed global mining giant, reported a 13% decline in copper production and a 26% drop in rough diamond output for the first half of 2025, reflecting continued weakness in global demand. Copper output fell to 342,200 metric tons, down from the same period last year. However, the company reaffirmed its full-year copper production guidance of 690,000 to 750,000 tons, slightly lower than the 773,000 tons mined in 2024. Copper remains… Read More Here

Diamond International

Zimbabwe’s Largest Diamond Miner Cuts 400 Jobs Amid Global Market Slump

July 15, 2025July 15, 2025 Constance

ZCDC Lays Off 400 Workers as Global Diamond Prices Plunge and Lab-Grown Gems Rise Zimbabwe’s largest diamond producer, the state-owned Zimbabwe Consolidated Diamond Company (ZCDC), is laying off 400 employees as it struggles to cope with a global downturn in demand for natural diamonds, a company representative confirmed. Speaking by phone, the spokesperson explained that the job cuts were a necessary measure to keep operations running and avoid a complete shutdown. In a follow-up text message, the representative noted that ZCDC had to choose between halting production entirely or maintaining… Read More Here

Diamond

African Nations Sign Luanda Agreement to Protect and Promote Natural Diamonds

June 27, 2025June 27, 2025 Constance

On Wednesday, several African countries signed the “Luanda Agreement,” a commitment to defend and promote natural diamonds. Under this pact, the signatory nations agreed to contribute 1 percent of their annual revenues from diamond sales to fund a global marketing initiative for the sector. The agreement was signed by the ministers of mineral resources from Angola, South Africa, Botswana, Namibia, and the Democratic Republic of Congo (DR Congo)—all key diamond-producing countries. The announcement was made by Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, at the conclusion of… Read More Here

Diamond Corporate News Exploration International

De Beers to Launch Diamond Exploration in Angola’s Lunda Provinces

June 27, 2025June 27, 2025 Constance

De Beers, the global diamond mining giant, will commence diamond exploration activities in Angola’s Lunda Norte and Lunda Sul provinces within the next two weeks, according to the company’s CEO, Al Cook. The announcement was made following a meeting with President João Lourenço in Luanda on Tuesday. According to a statement from the Press Office of the Presidency (CIPRA), accessed by VerAngola, the exploration marks the next phase following two years of aerial electromagnetic surveys and geological prospecting. “The multinational De Beers will begin drilling and exploration operations in Muconda… Read More Here

Diamond Corporate News Mining in DRC

SACIM Faces Crisis Amid Marketing Restrictions and Financial Strain

June 24, 2025June 24, 2025 Constance

The 48th Ordinary Meeting of the Council of Ministers, held on Friday, June 20, 2025, in Kinshasa, reviewed a report from the Minister of Mines evaluating the operational, managerial, and social conditions of the Anhui Congo Mining Investment Company (SACIM). The report also outlined supervisory measures aimed at reviving the struggling diamond mining firm. SACIM, located in Miabi in the Kasai Oriental province, is facing a severe crisis threatening its viability, despite maintaining a monthly diamond production of approximately 250,000 carats. The company’s difficulties are largely attributed to outdated regulatory… Read More Here

Diamond Corporate News Mining in DRC

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

June 8, 2025June 8, 2025 Constance

Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds in the Democratic Republic of Congo during the first quarter of 2025, accounting for 97% of the country’s total output. According to statistics released by the Technical Unit for Coordination and Mining Programming (CTCPM), a department under the Ministry of Mines, SACIM produced 334,505.81 carats out of a national total of 344,049.44 carats between January and March 2025. The remaining 9,543.63 carats—just 3%—were produced by Minière de Bakwanga (MIBA), highlighting the growing disparity between the… Read More Here

Mining in DRC Corporate News Diamond

Botswana Experts Support MIBA Revival After Positive Site Assessment in Kasai Oriental

May 23, 2025May 23, 2025 Constance

A team of experts from Botswana has completed a positive assessment of the Bakwanga Mining Company (MIBA) site in Kasai Oriental, paving the way for a structured support program aimed at reviving the struggling state-owned diamond company. “We welcomed the Botswanan delegation not as investors, but as technical partners tasked with evaluating our existing resources and helping us develop a recovery program for MIBA,” said Joëlle Kabena, Coordinator of the State Financial Project Management Unit for the Revival of MIBA (UGP-MIBA), following the evaluation meeting. Kabena noted that the team’s… Read More Here

Mining in DRC Corporate News Diamond

DRC Grants SACIM Three-Month Sales Moratorium Amid Financial Crisis in Kasai

May 23, 2025May 23, 2025 Constance

Anhui Congo Mining Investment Company (SACIM), a diamond producer based in Kasai Oriental, has been granted a three-month moratorium allowing it to freely sell its production. The temporary measure is intended to help the company recover from prolonged financial hardship, including unpaid wages and heavy tax obligations. The announcement was made on Tuesday, May 20, in Tshibwe (Miabi territory) by Aristote Mutombo, the presidential envoy for Greater Kasai. He conveyed President Félix Tshisekedi’s decision to repeal Ministerial Order No. 00049/CAB.MIN/MINES/01/2022, issued by former Mines Minister Antoinette Samba Kalambay. The regulation… Read More Here