Diamonds

Gem to spend $85m on Gope mine

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Gem Diamonds has cut the first phase cost of the Gope mine to $85m by going for an underground operation via a decline shaft, instead of developing a traditional open pit mine.

Police pounce on Van Kerrebroeck

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The South African Police Force has arrested a 32-year old man - believed to be alleged company hijacker Dennis Van Kerrebroeck - in connection with diamond theft.

Back to reality for Petra

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After spending some time in the limelight following the acquisition of Finsch, it is back to basics for Petra Diamonds after it posted a lacklustre interim performance.

Zim to nationalise mines, Chinese firm spared

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Zimbabwe will proceed with plans to take majority stakes in foreign-owned diamond mines in the east of the country but will spare a Chinese-owned mine from a state takeover.

De Beers upbeat on consumer demand

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The all-important consumer side of the diamond business came back to life during 2010, according to De Beers, which predicts rising retail demand for diamonds this year.

Trans Hex tender sale nets R141m

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Trans Hex reports on its most recent sales figures.

How Petra got to outshine them all

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Over the past two years Petra has coped with the dramatic boom and bust cycle in the diamond business far better than its more highly touted competitors.

BRC Diamondcore, Rio in DRC venture

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BRC DiamondCore says it has entered into a JV agreement with Rio Tinto for a new exploration program in northern Democratic Republic of Congo.

Flooding halts Rockwell production

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Rockwell Diamonds says its alluvial mining operations in the Northern Cape have been affected by the recent heavy rainfall and subsequent flooding.

Petra buys Finsch for R1.4bn

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Petra Diamonds has bought the Finsch mine from De Beers which will boost the company into the world diamond mining big league producing nearly 3m carats annually.