Diamonds

NUM, De Beers poised to sign wage deal

Members of the National Union of Mineworkers (NUM) and the world's largest diamond miner De Beers Consolidated Mines have agreed to sign a wage deal, the union says.

Rockwell still thumped by market collapse

Rockwell Diamonds is still battling the after-effects of the collapse in the diamond market but is looking to expand cautiously after refinancing its balance sheet.

Rio Tinto launches $300m Murowa expansion

Rio Tinto is to press ahead with the $300m expansion of the Murowa diamond mine in Zimbabwe amid signs the investment climate had radically improved in that country.

Angola breakthrough for Trans Hex

Diamond producer Trans Hex will only have to provide its share of the capital expenditure needed to build the new Luana mine in Angola according to CEO Llewellyn Delport.

Rockwell Diamonds narrows FY headline loss

Alluvial miner Rockwell Diamonds has reported the narrowing of its full year headline loss per share to C$0.03 for the year to end February 2010 from C$0.05 previously.

NUM and De Beers hope to avert strike

South Africa's NUM and the world's biggest diamond producer De Beers are likely to sign a wage deal that could prevent a strike at the company's operations.

NUM members to strike at De Beers

The National Union of Mineworkers plans to have 3 000 of its members strike at diamond company, De Beers, after falling a "world apart" in a wage dispute.

Zimbabwe bans diamond exports, Rio affected

Zimbabwe bans all diamond exports, including from a unit of Rio Tinto, until gemstones from its controversial Marange fields are certified by the Kimberley Process, state media reports.

Namakwa secures $15m loan

Namakwa Diamonds, the London-listed vertically integrated diamond mining company, has announced it has secured debt financing of $15m from a private investor.

Petra Diamonds completes sale of Kono project

Diamond mining junior Petra Diamonds, the AIM-listed diamond producer with operations in South Africa, has announced the completion of the sale of its Kono Diamond Project in Sierra Leone.