Diamonds

De Beers’ $295m pact set aside

A legal technicality could see De Beers angling for new solutions to antitrust claims in the US after it was found on appeal this week that not all plantiffs could benefit from its $295m settlement trust.

Alrosa underpins positive diamond sentiment

Major Russian diamond producer Alrosa is upbeat on medium-term prospects for the rough diamond market but there are short-term worries over price volatility and the situation at Marange in Zimbabwe.

KCM investors pencil in August showdown

The diamond group's shareholders are determined to vote out the board and restore value, possibly with the help of Phillip Dexter, a member of an opposition party in South Africa's parliament.

Namdeb workers to down tools over wages

Workers at diamond producer Namdeb, a 50-50 joint venture between De Beers and the Namibian government, plan to strike from Monday over pay, the company says.

Gem ban ‘punishing’ Zimbabweans

Zimbabwe's finance minister says a blockade on diamond exports is effectively 'punishing the people of Zimbabwe', and that it should be dropped.

DiamondCorp ups size of diamond target

DiamondCorp has reported an increase in the size of the geophysical target at one of the prospecting areas making up its Jwaneng South Project in Botswana.

Diamond juniors push ahead with Botswana projects

Both African Diamonds and Firestone Diamonds are getting stuck into their new diamond mining projects in Botswana.

Rockwell recovers big stones at Holpan, Saxendrift

Rockwell Diamonds says that during April and May it recovered three large gemstone diamonds from its Holpan and Saxendrift operations.

DiamondCorp earnings slump 47pct

Emerging diamond producer DiamondCorp has reported a 47% drop in headline earnings per share to 6.15 pence for the year to end December 2009 from 11.55 pence a share previously.

Thabex applies for suspension

Thabex, the junior mining and exploration company, has made an application for the voluntary suspension of its listing on the JSE with immediate effect.