Saturday, April 21, 2018

Both African Diamonds and Firestone Diamonds are getting stuck into their new diamond mining projects in Botswana.

Zimbabwe-focused African Consolidated Resources Plc has been charged with fraud and violating the country's precious stones laws, says the company.

Namakwa Diamonds, which owns Africa’s largest undeveloped diamond mine, is in discussions with its lender to reinstate a $30m credit line.

Lucara Diamond says its subsidiary Mothae Diamonds will be holding its first diamond sale later this month.

Petra Diamonds has completed a protracted 30-month transaction to buy the Kimberley Underground mines from De Beers.

DiamondCorp will need to raise more funds within the next 12 months to continue with the development of its Lace mine in the Free State.

Amid rising diamond prices, London-listed GEM Diamonds said it hoped to meet full year production targets at its flagship Letseng mine in Lesotho.

Zimbabwe plans to resume selling diamonds from its controversial Marange fields within days, saying it fully meets the standards required by the body that regulates trade in conflict diamonds.

GEM Diamonds said it would give its Ghaghoo mine in Botswana between six months to a year to prove it could mine diamonds profitably...

Australian and JSE listed diamond exploration company Tawana Resources has completed the placement of 66 million shares at 1 cent per share to raise A$660 000.