Cleaver aims to return De Beers to new mine development
DE BEERS is reviewing its approach to the development of smaller mining projects as the diamond giant considers its future strategy in a situation...
Pallinghurst set about restoring Gemfields to profitability
WHEN Pallinghurst Resources CEO, Arne Frandsen, announced to the market in May that the equity group was moving to buy out its 75%-owned coloured...
Trans Hex to shut down the Baken diamond mine
Diamond producer Trans Hex has finally pulled the plug on its ageing Baken mine in the Northern Cape and intends placing it on care...
Lucara drops output target 14% after mining equipment issue
LUCARA Diamonds, the Toronto-listed firm, warned shareholders that its mining contractors' lack of equipment availability in the second quarter could see full year production...
Earthquake breaks water fissure seal at GEM’s Ghagoo mine
AN earthquake that had its epicentre some 25km from GEM Diamonds' Ghaghoo, a diamond mine in Botswana the UK-listed group put into mothballs, caused...
Petra pins cash flow positive hopes on better gem mix in...
PETRA Diamonds forecast production in its 2018 financial year of between 4.8 to five million carats despite under shooting in the year under review...
Petra to fall short on diamond production for the year to...
Petra Diamonds has chopped its forecast diamond production for the year to end-June by between 8% and 9% and also estimated that revenues will be...
Pallinghurst to delist Gemfields from UK as wins takeover battle
PALLINGHURST Resources has won the battle for Gemfields after a sufficient number of the coloured gemstones miner and marketing firm's shareholders supported Pallinghurst's all-scrip...
Gemfields takeover battle shifts to make-or-break vote on June 26
AN independent committee formed by Gemfields has thrown down the gauntlet to Pallinghurst Resources by saying the Johannesburg-listed company may not win sufficient shareholder...
Gemfields urges shareholders to accept Fosun 18% premium offer
GEMFIELDS has sought to win an improved offer from Pallinghurst Resources after recommending a formal offer for the company lodged today by Fosun Gold,...