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.
Harry Winston, others circle BHP’s diamonds
Diamond miner and luxury jeweller Harry Winston is among several potential suitors circling BHP Billiton's majority stake in the EKATI diamond mine in Canada.
Botswana launches state diamond trader
Botswana has formed a new state-owned diamond trading company that will purchase, market and sell a portion of Debswana production, according to a report.
Namaqualand deal ‘progressing’, says Trans Hex
Trans Hex said discussions were ongoing to buy De Beers Consolidated Mines'
Namaqualand Mines, a transaction first opened nearly a year ago.
Petra lifts SA mines stakes in R132m deal
Petra Diamonds earmarks 2.2 million carats in diamond production for this year
and says it has lifted its interest in seven of its South African mines.
De Beers coy on 2012’s prospects
De Beers CEO Philippe Mellier is cautious over the diamond market’s near-term
prospects, saying the group will prioritise maintenance backlogs and waste stripping
this year.
Diamond prices have stabilised, says Petra
Rough diamond prices have now stabilised, according to Petra CEO Johan Dippenaar,
but Numis Securities reckons the drop in the second half of 2011 was worse than
expected.
DiamondCorp revises cost of Lace mine
The Lace diamond mine being developed near Kroonstad in the Free State is going to
cost 11% more than planned, but forecast initial revenues should more than double.
Trans Hex ‘tying loose ends’ in Namaqua deal
Trans Hex says it is still finalising certain aspects of its proposed takeover of De Beers' Namaqualand Mines.
De Beers appoints new CFO
De Beers has announced the appointment of Gareth Mostyn as the company's chief financial officer.