Diamonds

Zim miners forced to build own power

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A handful of diamond mining companies affected by crippling power cuts in Zimbabwe have been forced to set up their own dedicated R36m power line

Namakwa may get $30m credit back

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Namakwa Diamonds, which owns Africa’s largest undeveloped diamond mine, is in discussions with its lender to reinstate a $30m credit line.

Namakwa shares plunge on review

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Namakwa Diamonds has plunged by 61.3% to 10.5p per share in London on after delivering a radical strategic review, reports the Financial Times.

De Beers SA sees 6.5 mln carats for 2011

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De Beers expects its SA business to produce 6.5 million carats in 2011, a million less than 2010 as the effects of mine disposals filter down, says the division's CEO.

Record profits for Gem Diamonds

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Gem Diamonds earned record profits in the six months to end-June as prices for the top class diamonds it produces from the Letseng and Ellendale mines went through the roof.

Rockwell plans to up its technical game

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Rockwell Diamonds CEO James Campbell is on a mission to improve the company's technical ability for the recovery of diamonds, before embarking on major new expansion projects.

De Beers, Num sign deal to end strike

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Diamond producer De Beers has signed a two-year wage deal with the National Union of Mineworkers, ending a 14-day strike.

Diamondcorp’s Lace posts fancy results

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The average value of the first diamonds recovered from the initial sampling work at Diamondcorp's Lace mine in the Free State is far higher than expected.

De Beers boasts record sales figures

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De Beers has recorded its highest interim sales figures to date, buoyed by strong retail demand from the Indian and Chinese consumer markets.

Letseng delivers for Gem Diamonds

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Letseng achieved record average prices for its diamond sales in the first half of 2011, as did Ellendale in Australia for its fancy yellow stones.