Wednesday , October 7 2026

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More uncertainties prevail for diamond producers

Shares of small diamond producers, mainly focused on mines in southern Africa and Canada, have tumbled more than 30% during the past year and each company seems to be embroiled in its own mess. “If you look at diamond stocks this year, performance has been very poor,” said William Lamb, …

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Chinese company acquire controlling stake in Walkabout

The developers of Tanzania’s Lindi Jumbo Graphite Project, Walkabout Resources Ltd’s recently announced placement has closed fully subscribed, The 15 per cent placement raised a total of A$1.555m to be used to progress engineering and procurement works at the Lindi Jumbo graphite Project in southern Tanzania. Walkabout has secured Yantai …

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Ethiopia’s minerals attract Hong Kong investor

Africa focused mineral exploration company – East Africa Metals has signed a finance deal with Hong Kong-based Luck Winner. Luck Winner Investment Limited will provide development financing to the tune of US$250 million to be used for development of projects in Ethiopia. The deal also includes a private placement for …

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