Tag: Diamond

Botswana, the world’s largest diamond producer, is betting that selling big gems to rich young Americans will ease its economic woe and it is trying to catch their eye via Instagram and TikTok.

Botswana’s new president, Duma Boko, said on Friday he wanted to conclude talks for a new sales pact with global diamonds giant De Beers as soon as possible.

Rio Tinto (ASX: RIO) said on Thursday that it has completed the Phase 1 of the A21 underground expansion at its Diavik diamond mine in Canada’s Northwest Territories, and is now moving into commercial production.

Australia’s Lucapa Diamond (ASX: LOM) has put its 70% stake in the Mothae mine in Lesotho up for sale to focus on its core assets and is discussing options for the 30% held by the country’s government.

Rio Tinto (ASX: RIO; LSE: RIO) reportedly considered a bid for Anglo American (LSE: AAL) in recent months and the second largest miner has not dismissed the possibility of acquiring a portion or the entirety of the company, now a target of BHP (ASX: BHP).

Rio Tinto (LSE: RIO; ASX: RIO) is reshuffling its interests in two Canadian projects as it seeks to focus on green energy metals such as copper.