Diamonds

Failed gem firm pays a pittance

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.

Union declares De Beers dispute

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.

NUM declares wage dispute with De Beers

The National Union of Mineworkers (NUM) has declared a wage dispute with diamond giant De Beers.

A new plan for troubled State Diamond Trader

South Africa's government has developed a new business model for the State Diamond Trader, which has not worked according to expectations.

De Beers confirms sale of Jagersfontein

De Beers Consolidated Mines has confirmed that the closing date for expressions of interest in the Jagersfontein Diamond Property in the Free State is on Friday this week.

De Beers extends sight contracts by a year

De Beers' company, the Diamond Trading Company, extends sightholders' contracts by a year.

Rough diamonds show resilience

Continued strong demand for rough diamonds will see significant gains in revenue and cash flow for all diamond miners this year according to RBC Capital Markets analyst Des Kilalea.

Barend Petersen new CEO of De Beers

Diamond giant De Beers has announced the appointment of Barend Petersen as CEO of De Beers Consolidated Mines (DBCM) with effect from April 2010.