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Zimbabwe Govt. tightens grip over diamond production with new ownership policy

THE Zimbabwean government has tightened its grip over the country's diamond sector, approving a policy that entitles it to a 46% stake in all diamond mining...

Zim given diamond sale go-ahead

Zimbabwe has been granted permission to continue conducting supervised sales of diamonds mined at the controversial Marange fields, says a government official.

Analysts take a shine to Petra on hope positive cash flow...

ANALYSTS took a shine to Petra Diamonds' third quarter trading update published earlier this week where the focus fell on the impact of two...

Zim to nationalise mines, Chinese firm spared

Zimbabwe will proceed with plans to take majority stakes in foreign-owned diamond mines in the east of the country but will spare a Chinese-owned mine from a state takeover.

Petra set to struggle to meet covenant with Williamson crocked

SHARES in Petra Diamonds fell 8% during morning trade in London after the company acknowledged that the suspension of its Williamson mine would put...

Diamonds: Zim propelled to the big league

Zimbabwe may soon surpass top diamond producers like Russia, Botswana and SA.

Marange fuels cross border dealer hub

Zimbabwe's Marange diamond fields have sparked a cross border diamond smuggling hub stretching to the Mozambican town of Manica.

Lucara fields inquiries “every week” for 1,111 carat Lesedi gem

LUCARA Diamond Corporation was receiving two to three inquiries per week from people interested in buying Lesedi La Rona (Our Light), a 1,111 carat...

Petra to be cash flow positive as nears end of expansion...

PETRA Diamonds would be cash flow positive in the second half of its current financial year and would also consider resuming dividend payments, said...

Rockwell wants Sandile Zungu to cough up

New theme tune at Rockwell's head office has to be Bruce Springsteen's "pay me my money down" as CEO James Campbell goes after BEE partner Sandile Zungu for money owed.