Trans Hex sees major swing to profitability
Diamond miner Trans Hex says it expects to report an annual net profit of around R208m, compared to a loss of R45.1m during its previous financial year.
Petra Diamonds Q3 production surges
Higher diamond prices and a contribution from Finsch mine helped Petra Diamonds
record a near doubling in diamond production quarter-on-quarter.
Botswana reaps rewards of De Beers move
The move of the De Beers Diamond Trading Company from London to Gaborone
in Botswana is one of the biggest ever transfers of economic activity in the
history of Africa.
Lucara’s Karowe produces first diamonds
Lucara Diamond Corp says the commissioning of its Karowe mine processing plant is progressing according to schedule and that first production diamonds have been uncovered.
Rockwell reaps rewards of new focus
Rockwell Diamonds is reaping the rewards of its redrafted strategy, posting
quarterly carat production increases of at least 50% across its asset base.
Diamond market gains momentum, says Gem
Gem Diamonds says the market for rough diamonds has continued to improve, following the correction of prices in September 2011.
Watchdog approves Anglo’s De Beers deal
South Africa's Competition Commission has given Anglo American's buy-out of De Beers the green light.
Rio Tinto reviews its diamond business
Rio Tinto says it has begun a strategic review of its diamonds business, a move which may include divesting from all its current interests.
GEM pulls out of running for Ekati
GEM Diamonds said it would focus on doubling the capacity of its Letseng mine in
Lesotho rather than chasing the Ekati mine, the BHP Billiton mine currently under
the hammer.
Rockwell, Zungu settle R60m debt dispute
Rockwell Diamonds will assume control of a mining asset owned by Sandile
Zungu’s African Vanguard Resources, bringing an end to the parties’ R60m
dispute over an unpaid BEE deal.