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Posted: 07 May 2009 -
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Rio Tinto's diamond mine in Zimbabwe produced a record number of diamonds last
year. Rio sees an improved operating environment, but urges more to be done to
boost confidence in the country.
Posted: 30 Apr 2009 -
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Pala Investment Holdings plans to remove the entire directorship of Rockwell Diamonds and elect a new board at a shareholder meeting scheduled for June.
Posted: 29 Apr 2009 -
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UPDATED - The Toronto Stock Exchange has given BRC DiamondCore 30 days to regain compliance with its listing requirements as part of a de-listing review. Management is sanguine and says it doesn't see it as a big issue.
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Posted: 29 Apr 2009 -
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Angola's diamond sector slowly recovers but gem prices still need to rise by around 15% this year to enable companies reinvest in it.
Posted: 21 Apr 2009 -
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Creditors have filed urgent applications in South Africa to liquidate two subsidiaries belonging to the debt-laden junior diamond exploration company, BRC DiamondCore.
Posted: 17 Apr 2009 -
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Botswana, the world's single largest diamond producer, will cut sales of the gems by more than half this year.
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Posted: 14 Apr 2009 -
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De Beers and the Botswana government restart three diamond mines in that country, but Damtshaa and Orapa 2 plant will remain closed until the end of the year.
Posted: 01 Apr 2009 -
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Gem Diamonds will raise £75m in a share placement coming in at a 33% discount. Its shares tumble.
Posted: 01 Apr 2009 -
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BRC DiamondCore reported a massively increased annual loss and a deterioration in its near-term debts compared to assets. It received a legal blow from a South African court that ruled in the favour of a disgruntled former empowerment partner.
Posted: 31 Mar 2009 -
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DiamondCorp steams towards production from its high-grade underground kimberlite deposit and expects to realise double the price for its new diamond stream compared to the stones from its tailing treatment plant
Posted: 19 Mar 2009 -
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De Beers is not disheartened after talks with Trans Hex to sell its Namaqualand mine in South Africa fell through.
Posted: 13 Mar 2009 -
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UPDATED - The curtain may come crashing down on BRC DiamondCore's South African assets even as the firm sets about firming up results on what could be a company making a discovery in the Congo.
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Posted: 05 Mar 2009 -
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The diamond market slump has notched up another casualty as Trans Hex drops plans to acquire De Beers’ Namaqualand Division.
Posted: 27 Feb 2009 -
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De Beers pensioners, among them former senior executives, are furious that the embattled firm will not increase their 2009 payments to keep up with inflation.
Posted: 23 Feb 2009 -
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Petra Diamonds is steaming ahead on its plans to be a million carat/year producer despite other companies cutting back on rough diamond output in a depressed market.
Posted: 20 Feb 2009 -
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UPDATED - De Beers’ results for 2008 paint a dire picture with the Debswana mines all on care and maintenance and predictions that the group may chop production by up to 40% this year.
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