110 carat boosts Firestone as Liqhobong gains momentum
SHARES in Firestone Diamonds, the UK-listed operator of Lesotho's Liqhobong diamond mine, gained up to 12% today after the company's revenue-generating potential was demonstrated...
DiamondCorp to retrench employees at Lace mine
DIAMONDCORP is to retrench employees at its Lace diamond mine in South Africa's Free State province and warned its chief lender, the Industrial Development...
Rockwell suspended amid fight over provisional liquidation order
TRADING in Rockwell Diamonds' shares has been suspended after a South African court issued an interim liquidation order on March 24 against three of...
GEM targets cash flow in 2017 after suspending dividend
GEM Diamonds is to prioritise cash flow generation in the current financial year after a torrid time in 2016 in which it mothballed its...
De Beers can “start looking” at rough diamond price increases
DE BEERS intended pushing diamond production levels back to "more normal" levels during 2017, but decisions on when to increase rough diamond prices would...
Petra’s Dippenaar tight-lipped on dividend as makes ‘final push’
PETRA Diamonds CEO, Johan Dippenaar, kept his cards close to his chest regarding his firm's intentions on the resumption of the dividend, saying it...
Rescue of DiamondCorp’s Lace mine hangs in balance
BUSINESS Rescue Proceedings (BRP) aimed at saving DiamondCorp's Lace mine were in danger of failure after a number of agreements required to implement the...
IDC given Jan 30 deadline to save DiamondCorp’s Lace mine
DIAMONDCORP has until January 30 to avoid going into administration which is the date given to one of its largest lenders, the Industrial Development...
Petra insists challenging illegal mining not an output threat
DEALING with the illegal miners operating on surface on mining rights belonging to Petra Diamond’s Kimberley Ekapa Mining (KEM) joint venture "... remains...
Rockwell pins hopes on $8m business restructure amid Q3 loss
ROCKWELL Diamonds posted a $5.5m net loss for the third quarter (2016: -$10.5m), but said a $8m spending plan, approved by the board on...