DiamondCorp pins hopes on shareholders as bankruptcy looms
SHARES in DiamondCorp, a junior diamond miner, took another hefty knock in Johannesburg trade after the company said it had lost an investor that...
DiamondCorp woes deepen as mine shut for safety audit
DIAMONDCORP's operational troubles deepened today after the company said its Lace underground diamond mine in South Africa's Free State province could be shut for...
DiamondCorp fighting to stay afloat as Lace mine hits problems
COMPLICATIONS in ramping up production at the Lace diamond mine has forced DiamondCorp into urgent refinancing in order to remain a going concern.
It...
Firestone’s Lesotho diamond mine about to start production
Firestone Diamonds should start production at its Liqhobong diamond mine in Lesotho during the fourth quarter of 2016 after bringing it into operation with...
Petra to be cash flow positive as nears end of expansion...
PETRA Diamonds would be cash flow positive in the second half of its current financial year and would also consider resuming dividend payments, said...
Rockwell hooks CEO Campbell after board reviews projects
JAMES Campbell has resigned from Rockwell Diamonds where he was CEO for about five-and-a-half years following a strategic review of the business which focused...
Illegal miners in Kimberley may threaten Petra Diamonds’ viability
AN invasion of more than one thousand illegal diamond miners – zama-zamas - in South Africa's Northern Cape town of Kimberley is threatening the...
GEM gives Ghaghoo 12 months to make profits or face mothballs
GEM Diamonds said it would give its Ghaghoo mine in Botswana between six months to a year to prove it could mine diamonds profitably...
Wiese hopes to lure Trans Hex minorities with R3.94/share bid
TRANS Hex minority shareholders will be offered R3.94 per share in terms of a takeover launched earlier this week by Christo Wiese and RAC...
GEM may reassess 2016 guidance as snow storm batters Letšeng
GEM Diamonds may need to reassess its full-year guidance for tonnes mined and costs after "severe" weather conditions battered its Letšeng mine which is...