Diamonds

Remgro to unbundle investment in Trans Hex

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Investment group Remgro has approved the unbundling of its investment in diamond miner Trans Hex.

African Diamonds has hopes for Botswana

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Diamond exploration company African Diamonds expects the AK6 diamond mine in Botswana to come on stream in the third quarter of 2011.

NUM gets wage rise from Transhex

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The National Union of Mineworkers has secured wage increases of between 9% and 10% for its members at diamond company Trans Hex.

NUM fights De Beers’ plan to sack 350 miners

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The National Union of Mineworkers has warned De Beers that it will fight plans to retrench more than 350 workers at its Finsch mine in the Northern Cape.

NUM, De Beers poised to sign wage deal

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Members of the National Union of Mineworkers (NUM) and the world's largest diamond miner De Beers Consolidated Mines have agreed to sign a wage deal, the union says.

Rockwell still thumped by market collapse

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Rockwell Diamonds is still battling the after-effects of the collapse in the diamond market but is looking to expand cautiously after refinancing its balance sheet.

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.