Diamonds

Rockwell Diamonds narrows FY headline loss

Alluvial miner Rockwell Diamonds has reported the narrowing of its full year headline loss per share to C$0.03 for the year to end February 2010 from C$0.05 previously.

NUM and De Beers hope to avert strike

South Africa's NUM and the world's biggest diamond producer De Beers are likely to sign a wage deal that could prevent a strike at the company's operations.

NUM members to strike at De Beers

The National Union of Mineworkers plans to have 3 000 of its members strike at diamond company, De Beers, after falling a "world apart" in a wage dispute.

Zimbabwe bans diamond exports, Rio affected

Zimbabwe bans all diamond exports, including from a unit of Rio Tinto, until gemstones from its controversial Marange fields are certified by the Kimberley Process, state media reports.

Namakwa secures $15m loan

Namakwa Diamonds, the London-listed vertically integrated diamond mining company, has announced it has secured debt financing of $15m from a private investor.

Petra Diamonds completes sale of Kono project

Diamond mining junior Petra Diamonds, the AIM-listed diamond producer with operations in South Africa, has announced the completion of the sale of its Kono Diamond Project in Sierra Leone.

Namdeb posts giant loss

Namdeb, the partnership company between the Namibian government and diamond giant De Beers, reports a loss before tax of N$555m for the 2009 year, compared to a N$1.98bn profit in 2008, mainly due to a decrease in revenue.

Petra finalises delayed Kimberley deal

Petra Diamonds has completed a protracted 30-month transaction to buy the Kimberley Underground mines from De Beers.

Petra finally clinches R78.5m Kimberley mine

Petra Diamonds will now finally take full ownership of the historic Kimberley Underground mines from De Beers after finally resolving mining licence complications.

BRC DiamondCore MarchQ net loss narrows

BRC DiamondCore, the African focused diamond explorer active in the Democratic Republic of the Congo, has reported the narrowing of its March quarter loss.