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.
DIAMOND FIELDS INTERNATIONAL LTD. Mining News
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.
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
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 […]