Angolan Mining Oil & Gas

Proceeds at De Beers’ fourth rough-sales cycle of the year saw a downturn from the recent improvement noted in the last few sights as it entered a traditionally slow period for the industry. The miner brought in $380 million in May, down 21% versus the equivalent period in 2023, it said Thursday. That figure is also 15% lower than the $446 million the company reported at its April cycle, and 12% lower than February’s total.

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Petra Diamonds has entered into long-term power purchase agreements (PPAs) with licensed South African energy trader Etana Energy to procure wheeled renewable energy for its Cullinan and Finsch diamond mines. Etana Energy provides cost-competitive, clean energy from new large-scale renewable projects, primarily wind-based, through wheeling over the existing South African grid. The company’s portfolio includes multiple ready-to-build and grid-secured wind and solar projects expected to come online in 2025 and 2026. Under the PPAs, Etana

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Diamond exploration company Botswana Diamonds has been granted four new prospecting licenses, covering nearly 2,332 km² in the Kalahari region of Botswana. These licenses are located in the same general area as Gem Diamonds’ Ghaghoo mine and Botswana Diamonds’ own KX36 project. “I am pleased that we have been awarded these prospecting licenses in the Kalahari of Botswana, which we believe will be the next major diamond-producing area in the country,” said John Teeling, Chairperson

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