Diamonds

Back to reality for Petra

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After spending some time in the limelight following the acquisition of Finsch, it is back to basics for Petra Diamonds after it posted a lacklustre interim performance.

State-owned Alexkor posts operating profit

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State-owned diamond miner Alexkor has posted its first gross operating profit in five years, says Deputy Public Enterprises Minister Ben Martins.

Rough diamond demand growth to hit record

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De Beers is expecting global demand growth for rough diamonds to set a new record this year.

Harry Winston swoops on BHP’s Ekati

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Harry Winston Diamond Mines completed its swoop on BHP Billiton's $750m a year Ekati diamond mine in a deal value at $500m.

De Beers on the hop over SA ‘exit’

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De Beers Consolidated Mines has told parliament it's not planning to leave South Africa, despite a sell-off of its assets.

Diamond prices have stabilised, says Petra

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Rough diamond prices have now stabilised, according to Petra CEO Johan Dippenaar, but Numis Securities reckons the drop in the second half of 2011 was worse than expected.

Petra Diamonds steams ahead

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Petra Diamonds has delivered a trading update backing CEO Johan Dippenaar’s claim the company is one of the world’s leading diamond producers.

Trans Hex banks on R73m/year cashflow

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Trans Hex's three year pursuit of Namaqualand Mines may just have been worth waiting for on the evidence of its financial forecasts published today.

De Beers SA sees 6.5 mln carats for 2011

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De Beers expects its SA business to produce 6.5 million carats in 2011, a million less than 2010 as the effects of mine disposals filter down, says the division's CEO.

Compromise on Marange diamonds ‘necessary’

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The US has agreed to a compromise allowing Zimbabwe to export diamonds, to prevent the paralysis of the global system for stopping trade in "blood diamonds", says its State Department.