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Recovery plan set to restore normalised production levels at Tschudi

Weatherly International has outlined a recovery plan for its Tschudi Copper mine in Namibia, following significant water ingress on 11 May 2018. The recovery strategy and expenditure plan, which will require a capital investment of N$14,300,000, has been approved and work is underway to increase pumping capacity to lower and …

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De Beers acquire Peregrine Diamonds

De Beers Canada has entered into an agreement to acquire 100 per cent of the outstanding securities of Peregrine Diamonds, owner of the high quality Chidliak diamond resource located in Canada’s Nunavut Territory. The Chidliak resource was discovered in 2008 and is located approximately 120 kilometres northeast of Iqaluit on …

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Rough diamonds production soar

De Beers has announced that rough diamond production for the second quarter of the year, increased three per cent to 9.0 million carats, reflecting production increases to meet stronger demand as well as the contribution from the ramp-up at Gahcho Kué. In Botswana, the group’s company Debswana’s production increased six …

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