Petra soothes debt fears as firm moves into peak funding
PETRA Diamonds reassured analysts that even in the event of a 15% weakening in the price of rough diamonds, the company would not fall...
DiamondCorp secures short-term future, but at hefty price
DIAMONDCORP has staved off the prospect of bankruptcy, at least in the short-term, after agreeing a £700,000 loan with its shareholder and lender Rasmala...
DiamondCorp to seek merger or sale to resolve liquidity crisis
DIAMONDCORP, the Johannesburg-listed diamond mining company, said it was considering a sale or merger in order to solve its funding difficulties.
This was in parallel...
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...