Burden of compliance hurting juniors: Petra’s Dippenaar
PETRA Diamonds CEO, Johan Dippenaar, said it would be "very difficult" to develop a junior mining firm like his in the current regulatory environment...
Curtain falls on Pallinghurst as adopts pure play gems strategy
PALLINGHURST Resources unveiled a major shift in strategy today in which it will sell down its exposure to steel feed minerals through a relisting...
Petra in R2.2bn rights issue as rand, delays stress balance sheet
OPERATIONAL delays and an improvement in the value of the rand against the dollar has forced Petra Diamonds into a rights issue worth $178m...
Dip in De Beers’ ninth cycle sales no surprise given US...
ROUGHÂ diamond sales declined $58m for the ninth cycle, according to provisional numbers announced today by De Beers, the Anglo American controlled mining and marketing...
De Beers posts decline in sales for ninth quarter owing to...
DE BEERS reported $430m in rough diamond sales for the ninth cycle of the year which was lower than the $492m in sales it...
De Beers defers June rough diamond sales 50pc
The question is whether an uninspired market will be able to mop up the
deferred sales later in the year which is shaping up to show a 7% decline in
diamond sales for De Beers.
Lucapa Diamond raises $10m in share issue to propel $8.5m Mothae...
LUCAPA Diamond Company raised $10m through a share issue with the proceeds primarily to be directed to the $8.5m expansion of its Mothae mine...
Lucara Diamond’s Karowe expansion announces 25% capex blow out after delays
LUCARA Diamond Corp.'s expansion of the Karowe mine in Botswana would take 18 months longer to complete than first planned while the project's capital...
Rockwell revenue rockets by 44pct
A strong recovery in diamond prices has boosted quarterly sales of the Canadian-based Rockwell Diamonds.
Zim poised for billion dollar diamond sale
Zimbabwe's state coffers are poised for a huge cash injection as 4.5 million carats of diamonds, worth up to $1.7bn according to the government, go on sale in the capital Harare.