Diamond miner Trans Hex says it expects to report an annual net profit of around R208m, compared to a loss of R45.1m during its previous financial year.
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Higher diamond prices and a contribution from Finsch mine helped Petra Diamonds
record a near doubling in diamond production quarter-on-quarter.
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The move of the De Beers Diamond Trading Company from London to Gaborone
in Botswana is one of the biggest ever transfers of economic activity in the
history of Africa.
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Lucara Diamond Corp says the commissioning of its Karowe mine processing plant is progressing according to schedule and that first production diamonds have been uncovered.
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by André Janse van Vuuren |
17-Apr-12 17:53
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Rockwell Diamonds is reaping the rewards of its redrafted strategy, posting
quarterly carat production increases of at least 50% across its asset base.
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GEM Diamonds said it would focus on doubling the capacity of its Letseng mine in
Lesotho rather than chasing the Ekati mine, the BHP Billiton mine currently under
the hammer.
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by André Janse van Vuuren |
19-Mar-12 17:54
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Rockwell Diamonds will assume control of a mining asset owned by Sandile
Zungu’s African Vanguard Resources, bringing an end to the parties’ R60m
dispute over an unpaid BEE deal.
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Diamond miner and luxury jeweller Harry Winston is among several potential suitors circling BHP Billiton's majority stake in the EKATI diamond mine in Canada.
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