Diamonds

Trans Hex breaks free in Angola

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Trans Hex is tantalisingly close to getting rid of two of the biggest remaining millstones around its neck - the Luarica and Fucauma alluvial diamond mines in Angola.

Trans Hex upbeat on Namaqualand

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Trans Hex reckons there are "bonus" diamonds to be had at De Beers' Namaqualand Mines, which it can access because it owns the adjacent marine diamond concession.

State seeks to revive Alexkor

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State-owned diamond miner Alexkor is once again on the lookout for new mining ventures, says a senior government official.

Govt aims to break diamond dealers’ hold

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The state is looking to sidestep the grip of SA’s major polished diamond wholesalers on the local beneficiator industry by exploiting foreign legislation.

Rockwell makes operating profit

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Rockwell Diamonds has returned to profitability, although actual production fell short of internal management targets during the year to end-February.

Trans Hex to post a loss

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Trans Hex shares rose nearly 6% on the JSE today despite the release of a trading statement showing the diamond company would report a loss of R45.1m for the year to end-March.

Boom times coming for rough diamonds

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Diamond producers should "prepare to meet thy boom" if the highly positive message from RBC Capital Markets' diamond conference turns out to be correct.

Outsider takes helm at De Beers

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De Beers has named industry outsider Philippe Mellier, an executive from French engineering group Alstom, as its new boss.

Johann Rupert goes diamond mining

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Johann Rupert has emerged as the financial backer of the Superkolong consortium, which holds the right to mine the diamond-bearing dumps at De Beers' former Jagersfontein mine.

Namibia seeks bigger De Beers marine stake

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Namibia's government will pay N$375m to increase its stake in De Beers' offshore operations, reports the Namibian Sun.