Embattled Trans Hex backed by shareholders
Trans Hex has certainly suffered the effects of a torturously slow regulatory process on its Namaqualand diamond deal but the stock is a keeper, say shareholders.
Petra targets 3m carats as gem market firms
Petra Diamonds said it could produce as much as 3 million carats in the current financial year amid a firm diamond market.
De Beers settles 9% wage increase
De Beers said it had averted strike action at its mines following a 9% wage increase agreement with the National Union of Mineworkers.
Trans Hex constrained by delays, red tape
Trans Hex is a company in limbo, waiting on Government to decide its strategy on the Namaqualand Mines it first wanted to buy more than two years ago.
Rockwell’s Campbell girds for delivery year
Efforts to establish Rockwell Diamonds as a mid-tier diamond producer are forecast to materialise in the new financial year, deemed one of delivery.
Petra keeps sights on 2015 capex plan
Petra Diamonds has methodically scaled up diamond production but a time will come when investors will expect to enjoy yield. That time is coming, the firm says.
Rockwell says Wouterspan mine economic
Rockwell Diamonds said a preliminary study of its Wouterspan mine which it is hoping to take out of mothballs was economic and would cost $45m to build.
Petra to scale back, close fissure mines
UK-listed diamond group, Petra Diamonds, is to scale back two mines and close a
third after failing to reach agreement on selling the operations.
Diamond fortunes central to Anglo’s future
Following the $5.1bn purchase of the Oppenheimer family stake in De Beers, the
fortunes of the diamond market has become a priority for Anglo American.
Forevermark: De Beers’ great retail ambition
De Beers' executive Stephen Lussier wants the Forevermark to become a foremost
brand in jewellery - an ambition the group has the market savvy to foster.