Diamonds

Rio Tinto launches $300m Murowa expansion

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Rio Tinto is to press ahead with the $300m expansion of the Murowa diamond mine in Zimbabwe amid signs the investment climate had radically improved in that country.

Angola breakthrough for Trans Hex

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Diamond producer Trans Hex will only have to provide its share of the capital expenditure needed to build the new Luana mine in Angola according to CEO Llewellyn Delport.

Rockwell Diamonds narrows FY headline loss

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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

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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

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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

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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

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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

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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

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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 finally clinches R78.5m Kimberley mine

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