Zambia Revenue Authority raids Gemfields’ Kagem facilities
GEMFIELDS, the Johannesburg-listed precious stones mining and marketing company, said the premises of its Zambian subsidiary, Kagem Mining, were raided by the southern African...
Sun coming out on Petra Diamonds again after two years of...
THE approach of some investment analysts regarding the UK-listed company, Petra Diamonds, - which mines most of its diamonds in South Africa – is to...
Gemfields details scenes of brute anarchy at Ethiopia emerald site
JOHANNESBURG-listed gemstone miner and marketer, Gemfields (previously Pallinghurst Resources), described scenes of sheer anarchy that unfolded on July 31 at its 75%-owned Ethiopian emerald...
De Beers to run 30-day search in last gasp effort to...
DE BEERS has abandoned its formal process of finding a buyer for Voorspoed, the Free State province mine the diamond group said in November it...
De Beers scoops Peregrine’s Chidliak diamond prospect for C$107m
DE BEERS said it had secured one of Canada's best undeveloped diamond deposits following a C$107m cash transaction in which it bought outstanding shares...
Petra Diamonds in $16.8m Ekapa JV sale as targets cash flow
PETRA Diamonds moved to inject a touch more liquidity in the business and free up management time after agreeing to sell its shares in...
Executive bonuses opposed as Pallinghurst becomes Gemfields
EXECUTIVE pay raised its controversial head again at the annual general meeting (AGM) of Pallinghurst Resources with 29.64% of shareholders voting against the adoption...
De Beers playing poker with perception by launching Lightbox?
ANGLO American’s 85%-owned De Beers may have pulled off a strategic coup by unveiling plans to launch a new brand of synthetic diamonds. These...
Petra deal all but solves Kimberley artisanal mining problem – for...
SOME 830 former illegal miners operating on Petra Diamonds’ lease area at Kimberley have been now been legalised as artisanal miners on ground given...
Pallinghurst gets boost from Mozambique ruby sales
PALLINGHURST Resources said a recent auction of rubies from its Montepuez operation in Mozambique showed strong market support for the semi-precious stone with some...