IDEX Online - Rough Market Rough Market
- Mountain Province CEO Quits as Losses Widen
on 14 November 2025 at 6:00 amCanada's Mountain Province Diamonds has announced the departure of Mark Wall, its president and CEO, on the same day it reported a third-quarter net loss of CAD 55.9m (USD 39.9m). Mountain Province, which owns 49 per cent of the open pit Gahcho Kue...
- Severance Pay Delayed to Laid-Off Diamond Workerson 14 November 2025 at 5:00 am
More than 300 workers who were laid off from the Ekati diamond mine, in Canada, in July, have had their scheduled severance payments delayed as owners Burgundy battle cashflow problems. Last month the Calgary-based miner updated former...
- Boko Determined to Acquire Majority Stake in De Beerson 13 November 2025 at 4:00 am
Botswana's President Duma Boko says he's determined to acquire a majority stake in De Beers for his nation - despite a last-minute rival bid from Angola. "Government will leverage a majority stake," he said in a speech on Monday (10 November)...
- Botswana and Angola in Race for De Beerson 10 November 2025 at 9:00 am
Mining ministers from Botswana and Angola met on Friday (7 November) as both countries seek control of the loss-making De Beers diamond company. It remains unclear if they'll go head-to-head in a bidding war, with each vying for a majority share...
- Star Diamond Losses Narrow as it Cuts Costson 10 November 2025 at 5:00 am
Canadian junior miner Star Diamond reported another net loss in Q3, of CAD 989,000 (USD 705,000). It was lower than its Q3 loss in 2024 (CAD 1.4m, USD 997,000) and its loss of CAD 1.45m (USD 1,034,000) in Q2 2025. The company said it was narrowing...