Lawyer says R95.7m rehab fund for Richtersveld diamond mines insufficient
THERE are concerns that in selling three diamond properties in the Richtersveld region of South Africa’s Northern Cape, Trans Hex has not left sufficient...
GEM Diamonds held dividend as low-end diamonds sales provide “early warning...
PAYMENT of a dividend was a close-run thing but GEM Diamonds’ board decided to hold back owing to some concerns about the condition of...
Start-up diamond companies moot plans for privately-established development fund
LENGTHY delays in securing mining permits and licences, onerous and inappropriate regulatory requirements, lack of funding for entrepreneurs, and a Mining Charter and implementation...
De Beers makes early in-roads after Lightbox launch sees 60% retreat...
REMARKABLE early evidence following the launch of De Beers’ synthetic diamond range, branded as ‘Lightbox’, is that the pricing of competing products has fallen...
De Beers’ diamond sales down, but signs of buying revival as...
DIAMOND sales during De Beers’ second cycle of the 2019 financial year came in about 13% weaker year-on-year at some $490m, the diamond company...
Zimbabwe to secure $600m loan from Botswana for diamond sector –...
ZIMBABWE has reportedly sourced $600m in finance for its diamond industry from Botswana including $100m for diamond operations hamstrung by the shortage of dollars...
De Beers merges Canadian, SA mining businesses following asset sales
DE Beers, the diamond producer and marketer in which Anglo American has an 85% stake, is to merge its Canadian and South African mining...
Duffy to be supported by “seasoned miners”, says Petra’s Dippenaar as...
OUTGOING Petra Diamonds CEO, Johan Dippenaar, who will leave the company at the end of March after more than 12 years in the job,...
Petra appoints former AngloGold CFO Richard Duffy to take helm from...
LONDON-listed Petra Diamonds, which owns the Finsch, Cullinan, Koffiefontein and Williamson mines in southern Africa, has appointed former AngloGold Ashanti executive, Richard Duffy, to...
Firestone Diamond recovers 70 carat diamond from Lesotho mine, Liqhobong
FIRESTONE Diamond, a UK-listed diamond miner operating in Lesotho, said it had recovered a 70 carat white diamond from its Liqhobong mine which follows...