Monday, February 18, 2019

Petra Diamonds has completed a protracted 30-month transaction to buy the Kimberley Underground mines from De Beers.

BRC DiamondCore, the African focused diamond explorer active in the Democratic Republic of the Congo, has reported the narrowing of its March quarter loss.

Diamond miner Trans Hex Group says negotiations for the conversion of its prospecting contract for the Luana Concession in Angola to a mining contract have been successfully concluded.

Trans Hex now has a mining contract for the Luana concession in Angola but CEO Llewellyn Delport is tight-lipped at this stage over how it is going to be developed.

Gem Diamonds says diamond prices firmed in the first quarter.

Michiel de Witt joins a junior Canadian diamond and base metals exploration firm, Tsodilo. His future with BRC DiamondCore, where he is president, is not entirely clear cut.

De Beers is to retrench 350 of the 870 workers at its Finch diamond mine in South Africa.

Diamond mining junior Petra Diamonds, has announced that it is divesting of the Kono Diamond Project in Sierra Leone.

Wealth 4 U, which like most speculative mining ventures offered so much and delivered so little, will pay less than one cent for every rand hapless investors ploughed into the venture.

South Africa's biggest union says it has declared a wage dispute with the world's top diamond producer De Beers, and has asked an arbitration authority to mediate.