Diamonds

De Beers to run 30-day search in last gasp effort to...

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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

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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

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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

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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?

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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...

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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

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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...

Botswana Diamonds, Vast JV is “first step” into Zimbabwe

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BOTSWANA Diamonds’ move to set up a joint exploration venture with London-listed junior miner Vast Resources looking for diamond deposits in Zimbabwe is a...

Petra in R2.2bn rights issue as rand, delays stress balance sheet

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OPERATIONAL delays and an improvement in the value of the rand against the dollar has forced Petra Diamonds into a rights issue worth $178m...

Fallout from $2bn India bank fraud hits Gemfields emerald sales

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PALLINGHURST Resources CEO, Sean Gilbertson, blamed poor emerald sales numbers from its Zambia mine Kagem on "... the fallout of the Nirav Modi fraud"...