Diamonds

Rio Tinto reviews its diamond business

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Rio Tinto says it has begun a strategic review of its diamonds business, a move which may include divesting from all its current interests.

GEM pulls out of running for Ekati

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GEM Diamonds said it would focus on doubling the capacity of its Letseng mine in Lesotho rather than chasing the Ekati mine, the BHP Billiton mine currently under the hammer.

Rockwell, Zungu settle R60m debt dispute

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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

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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

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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

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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

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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

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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

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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

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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.