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.
JM bullish on platinum
UK metals firm Johnson Matthey is bullish on prospects for both platinum and palladium during 2010 and has predicted the platinum price could reach $2,000/oz.
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.
Platinum rights squabble at Absolute
Dennis Tucker's new platinum exploration company Bauba - formerly Absolute Holdings - is already butting heads with other platinum companies including industry leader Anglo Platinum.
Angloplat earnings seen 20pct higher
Anglo Platinum has advised that its first half basic earnings per share and headline earnings per share were expected to increase by at least 20%.
Aquarius Pt ships concentrate from Everest
Aquarius Platinum said it had shipped concentrate from its recently reopened Everest mine some three months ahead of schedule.
Implats MarchQ output slides 4pct
Impala Platinum has reported a 4% dip in quarter-on-quarter platinum production to 368 000 ounces due to pipeline movements.
African Eagle, Macquarie Harbour in gold JV
African Eagle Resources and ASX-quoted minerals group Macquarie Harbour Mining have signed a Letter of Intent to enter a joint venture to develop a gold mine at African Eagle's Miyabi project in Tanzania.