Mining billionaire gets help from ex-spies in bitter legal fight

Thomas Biesheuvel|Published

Black Cube, the private intelligence agency run by former Israeli spies, spent months setting up companies around the world.

Anglo American to exit coal business in South Africa

Thomas Biesheuvel|Published

Anglo American Plc plans to exit its South African thermal coal business within the next three years.

De Beers hoovers up its best diamonds from the African seabed

Thomas Biesheuvel|Published

Anglo American Plc will mine significantly fewer diamonds this year than it previously planned to.

De Beers starts outlining plans to help its struggling buyers

Thomas Biesheuvel|Published

After watching diamond sales plunge in 2019 as a crisis engulfed the industry, De Beers is taking action to help its struggling buyers.

De Beers diamond sales jump after a terrible year for gems

Thomas Biesheuvel|Published

De Beers sold the most diamonds since April.

The elite De Beers diamond buyers club may get even smaller

Thomas Biesheuvel|Published

De Beers is considering key changes to the way it sells diamonds as frustration mounts among its customers.

De Beers diamond sales sink again in end to horrible year

Thomas Biesheuvel|Published

De Beers?s diamond sales this year slumped by almost $1. 4 billion, capping a torrid 12 months.

Diamond crisis to last another year

Thomas Biesheuvel|Published

The glut that?s depressing the diamond market will last another year, according to industry consultant Bain & Co.

Glencore under investigation for bribery by U. K. authorities

Thomas Biesheuvel|Published

Glencore Plc is being investigated for bribery by U. K. authorities, deepening the legal troubles that threaten the world?s biggest commodities trader.

A 20-carat blue diamond is sold for almost $15m

Thomas Biesheuvel|Published

Petra Diamonds Ltd. sold a 20-carat blue gem for almost $15 million, a major boost for the company that?s struggling with a mountain of debt.

The problem with diamonds is they keep getting cheaper

Thomas Biesheuvel|Published

Five years ago, the diamond industry?s biggest worry was being forgotten by millennials.

De Beers diamond buyers return after biggest price cut in years

Thomas Biesheuvel|Published

De Beers sold the most diamonds since June after the biggest price cut in years.

WATCH: It’s been a terrible week for diamond miners

Thomas Biesheuvel|Published

While the world?s biggest diamond miner surprised the market by cutting prices, a slew of filings from its smaller rivals show the move was inevitable

De Beers cuts diamond prices by about 5% as industry crisis deepens

Thomas Biesheuvel|Published

De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years.

Glencore is going to get 'crazy rich' on coal next year

Thomas Biesheuvel|Published

Glencore?s coal mining business will eclipse its copper unit next year and become the world?s biggest commodity trader?s most profitable operation.

Check out this 1.1kg emerald that was just discovered

Thomas Biesheuvel|Published

The world?s biggest emerald miner has found a gem that weighs more than 1. 1 kilograms at its mine in Zambia.

De Beers will allow buyers to reject cheap diamonds

Thomas Biesheuvel|Published

De Beers is allowing its diamond buyers to refuse some lower-quality stones at its sale this week.

Glencore's poised for record profit despite horrible year

Thomas Biesheuvel|Published

Glencore Plc may have had a nightmarish year so far, but the world?s top commodity trader is still raking in mountains of money.

Visa or no Visa, Abramovich is winning on London's stock market

Thomas Biesheuvel|Published

Roman Abramovich might not have been allowed back into the U. K. to watch Chelsea win the FA Cup, but his steelmaker is still making hay there.

De Beers looks into artisanal mining in Sierra Leone

Thomas Biesheuvel|Published

Diamond mining giant De Beers plans to fix one of the industry?s oldest problems: the reputational stain of artisanal mining.

Sixth giant diamond find this year lifts fortunes of little Gem

Thomas Biesheuvel|Published

A small diamond miner that digs for the precious stones in the mountainous kingdom of Lesotho keeps unearthing huge stones.

5 of the world's biggest diamonds

Thomas Biesheuvel|Published

A small, embattled diamond miner just hit the jackpot, the 910-carat stone found high in the mountains of Lesotho, is the fifth-largest in history.

One of the biggest diamonds in history has just been dug up

Thomas Biesheuvel|Published

One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa.

De Beers has biggest diamond sale in a year

Thomas Biesheuvel|Published

De Beers had its biggest diamond sale in at least a year as the gem industry restocked after the key holiday period.

Anglo faces messy divorce in birthplace

Thomas Biesheuvel|Published

When Anglo American set up shop in SA in 1917, Jan Smuts wanted to know it was in for the long haul.