Petra Diamonds is to buy De Beers' major Finsch Diamond Mine as a going concern for a consideration of R1.425 billion (approximately US$ 210 million) in cash.
Diamond Mining News
Loss-making alluvial diamond junior Rockwell will recommission its impressive rebuilt Tirisano diamond plant near Ventersdorp in March, which will boost crucial volumes and help to smooth out the company’s currently variable cash flow cycle. Mining […]
News that Sotheby’s, Geneva, this week set a world auction record for any diamond and any jewel raises questions over why diamond miners seem so unloved by investors. The answer, in a nutshell, is that they’re yet to fully recover from the cataclysmic market events of 2008. The signs are there, but it seems that investors need more convincing.
A new diamond mine in Canada’s North is again in front of regulators after a recovery in international markets for the sparkly objects of desire, according to a CTV News report.
Vancouver Sun reports: Shear Diamonds Ltd. (TSXV: SRM), which owns the mothballed Jericho diamond mine, is beefing up its senior management team as it prepares to reopen Nunavut’s only diamond mine in 2012.
Antwerp judicial authorities have uncovered a fraud involving forged diamond certificates. Diamonds worth 22 million euros were transported to Antwerp illegally using forged Kimberley certificates.
The diamond sparkled in the soft light of a restaurant candle, its allure accentuated by the heady aroma of deep red wine. Yet it looked incongruous in her nose: more a symbol of defiance than of […]
Today’s Globex Gold market traded in a very technical $13.90 range as the market continued to have a Holiday week feel. I believe the Jobless claims data (tomorrow) may also have some traders side-lined. The […]
After delays due to the collapse of the diamond market in 2008, and differences of opinion between owners, the new AK6 diamond mine near Orapa in Botswana is now targeting production in late 2011
This week in the precious metals continues to provide evidence that savvy investors are choosing hard assets as an alternative to fiat currencies. As Greece's debt crisis negotiations continues to keep the Euro Dollar under […]
The Star, Star West and Orion properties are located in Saskatchewan, Canada some 65 km east of Prince Albert. The Star kimberlite is 100% owned by Shore Gold Inc, which also owns 60% of the […]
ZINC miner Perilya has reported further copper mineralisation at depth below its main Mount Oxide copper project near Queensland’s Mt Isa with intercepts the miner called “spectacular”.
Diamond drilling hit 22m at 6.3% copper and 0.3% cobalt from 258m, 19m at 3.7% copper from 315m, 31m at 6.2% copper from 346m and 23m at 8.9% copper from 395m….more at MiningNews.net
RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, has published a research report that concludes that despite the worsening global economic climate, the fundamentals for diamonds remain positive. Des Kilalea, Analyst, Global Mining Research at RBC Capital Markets commented: “While the world economy lumbers through one of its worst [...]
In a R150 million (US$21 million) contract, Bateman Engineering designed the 250 t/h diamond-processing plant installed on board De Beers Marine (Pty) Ltd’s vessel mv Peace in Africa. The objective of the project was to […]