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Botswana’s tennis ball size diamond sold

Africa focused miner Lucara Diamond has sold the historic 1,109 carat Lesedi La Rona recovered from the Karowe mine in Botswana in November 2015. Lucara Diamond said the piece has been sold for US$53 million (US$47,777 per carat to Graff Diamonds. “We are thrilled and honoured to become the new …

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Rio Tinto’s share buy-back balloons

Rio Tinto has committed an additional $2.5 billion to its ongoing share buy-back programme, returning the proceeds of the sale of Coal & Allied to its shareholders. The capital return programme will be executed through a combination of an off-market buy-back tender, targeting A$700 million (approximately $560 million) of Rio …

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Next Graphite Project exceeds expectations

Next Graphite Incorporated, announced its second quarter and first half financial results for the period ended June 30, 2014. The Company also highlighted its milestones in the first half of the year. Said Next Graphite Chief Executive Officer, Cliff Bream, “We are very pleased at the pace of development of …

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