Tuesday, August 21, 2018

Mid-tier diamond producer Rockwell Diamonds has reported a 118% increase in first quarter revenue from rough diamond sales to C$8.5m from C$3.9m previously.

FORMER diamond group CEO, Hein le Riche, re-surfaces - spitting mad - ahead of extraordinary AGM to turf out board.

Zimbabwe would like to have all alluvial diamond mining conducted by the state, says Finance Minister Tendai Biti.

A legal technicality could see De Beers angling for new solutions to antitrust claims in the US after it was found on appeal this week that not all plantiffs could benefit from its $295m settlement trust.

Major Russian diamond producer Alrosa is upbeat on medium-term prospects for the rough diamond market but there are short-term worries over price volatility and the situation at Marange in Zimbabwe.

Workers at diamond producer Namdeb, a 50-50 joint venture between De Beers and the Namibian government, plan to strike from Monday over pay, the company says.

The diamond group's shareholders are determined to vote out the board and restore value, possibly with the help of Phillip Dexter, a member of an opposition party in South Africa's parliament.

Zimbabwe's finance minister says a blockade on diamond exports is effectively 'punishing the people of Zimbabwe', and that it should be dropped.

DiamondCorp has reported an increase in the size of the geophysical target at one of the prospecting areas making up its Jwaneng South Project in Botswana.

Both African Diamonds and Firestone Diamonds are getting stuck into their new diamond mining projects in Botswana.