Sudan and Saudi Arabia go ahead with deep-sea mining plans

The joint effort, unveiled in November, restores a mutual agreement signed in 1974, which gives the nations shared rights to exploit the Red Sea’s $8 billion worth of minerals.

Sudan and Saudi Arabia to mine the Red Sea by 2014

The Arab states of Sudan and Saudi Arabia unveiled Tuesday plans to start mining for gold, copper, silver and other riches along the Red Sea basin between the two countries as early as 2014.

Spirit Resources SARL advises of intention to acquire additional Diamond Fields shares

Diamond Fields International Ltd. has been advised by Spirit Resources Sarl that it intends to acquire additional shares of the Company through an ordinary course purchase program for up to additional 5% share of DFI from time to time, over the next twelve months

Zimbabwe’s blood diamonds; world diamond regulators flounder – calls for UN action

Diamonds have become a major factor in Robert Mugabe’s desperate attempt to retain power in Zimbabwe. Diamond smuggling has become rampant and dozens of diamond miners have been murdered by the military, which now controls […]