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.
Diamonds are still forever
Graff Diamonds’ decision earlier this month to halt its Hong Kong listing
provides some insight regarding business confidence in Asia currently. The
diamond market, however, is only taking a breather.
Trans Hex in another Angolan deadlock
JSE-listed diamond producer Trans Hex’s latest standoff with an Angolan partner
centres on expansion funding for its remaining operating asset in that country.
De Beers: “Anglo will take good care of us’
De Beers is prepared for its new chapter under Anglo American’s management
but will be treated "differently' than the diversified miner’s other divisions,
according to CEO Philippe Mellier.
Gigaba pours cold water on Alexkor aspirations
State-owned diamond miner Alexkor will not be acquiring new assets outside
South Africa, says Minister of Public Enterprises Malusi Gigaba.
Trans Hex tying up loose ends in Namaqua deal
Diamond producer Trans Hex says it is still busy tying up some aspects of its proposed acquisition of De Beers' Namaqualand mines.
Rockwell’s shares take a beating
Rockwell Diamonds’ shares have taken a smack as the mining junior reported a
$13m annual loss, with CEO James Campbell admitting the group’s turnaround
remained "a work in progress'.
De Beers searching for six illegal miners
Illegal miners were trapped at the Namaqualand property despite repeated attempts
by the mine authorities to dissuade mine property trespassers.
Rockwell finalises two strategic projects
Rockwell Diamonds says it has successfully completed the installation of a new in-field screen and the bulk x-ray and single particle sorter plant at its Saxendrift mine.
DiamondCorp in R280m loan deal with IDC
DiamondCorp subsidiary Lace Diamond Mines has entered into a R280m loan term sheet agreement with the Industrial Development Corporation.