Friday, November 17, 2017

PETRA Diamonds forecast production in its 2018 financial year of between 4.8 to five million carats despite under shooting in the year under review...

COMPLICATIONS in ramping up production at the Lace diamond mine has forced DiamondCorp into urgent refinancing in order to remain a going concern. It...

Members of the National Union of Mineworkers (NUM) and the world's largest diamond miner De Beers Consolidated Mines have agreed to sign a wage deal, the union says.

Zimbabwe bans all diamond exports, including from a unit of Rio Tinto, until gemstones from its controversial Marange fields are certified by the Kimberley Process, state media reports.

Botswana is staking its claim to be the world's most important diamond centre through a radical overhaul of its relationship with De Beers.

Zimbabwe's government is taking over a joint mining venture after allegations its private partners are blood diamond dealers, says the chairperson of the country's diamond company.

The move of the De Beers Diamond Trading Company from London to Gaborone in Botswana is one of the biggest ever transfers of economic activity in the history of Africa.

Zimbabwe's state coffers are poised for a huge cash injection as 4.5 million carats of diamonds, worth up to $1.7bn according to the government, go on sale in the capital Harare.

DiamondCorp has reported an increase in the size of the geophysical target at one of the prospecting areas making up its Jwaneng South Project in Botswana.

Anglo American says its $5.1bn buyout of the Oppenheimer family’s 40% stake in De Beers has received all the necessary regulatory approvals.