BHP Billiton may shelve diamond mining for at least two decades to concentrate on larger aspects of its business, CEO Marius Kloppers said today.
Up to 1.5 million carats worth of diamonds are being auctioned this week by companies allowed to mine the controversial Marange diamond fields in Zimbabwe.
The Zimbabwe Government has raised mining and licence fees by between 500 and 5,000 per cent, according to state-controlled local media the Sunday Mail.
Stornoway Diamond Corp. (TSX:SWY) will make it a priority during 2012 to obtain all the permitting and financing needed to get its northern Quebec Renard Project in construction by mid-2013, according to company officials.
With production up by 64% to 935 553 ct for the six months ended December 31, LSE-listed Petra Diamonds on Wednesday said it was on track to achieve two-million carats output during 2012.
Peregrine Diamonds Ltd. (“Peregrine” or “the Company”) (TSX:PGD) is pleased to report that it has completed the purchase of BHP Billiton’s 51 percent participating interest in the 8,580 square kilometre Chidliak diamond project (“Chidliak” or “the Project”), Baffin Island, Nunavut, Canada that was announced on December 20, 2011.
Rough diamond prices have now stabilised after falling from the highs reached in June, according to the newly-published Petra Diamonds interim trading update.
A former diamond seller in southeastern Minnesota has admitted to dealing millions of dollars of high-grade marijuana and stolen gems.
Below are the three companies in the Precious Metals & Minerals industry with the highest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal year estimated) is important to gauge future profitabi…
An initiative by the Surat Diamond Association, the Gems and Jewellery Export Promotion Council, and the District Rural Development Agency will train poor tribal women as diamond cutters and polishers, the Times of India reports.
Alrosa’s state-owned shares will not be privatized until 2017, if then, a Kremlin document reveals this week.
This February MINING.com celebrated its first anniversary. We want to thank all our readers for making this such a fun ride. With over ½ million page views each month and 125,000 daily email digest subscribers, MINING.com has become one of the top destinations for news and opinion about mining.
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