Zimbabwe

Davis’s X2 Resources goes after Rio’s coal assets in Australia

Cecilia Jamasmie | June 30, 2015
Davis’s X2 Resources goes after Rio’s coal assets in Australia

Negotiations between the parties, still at an early stage, are said to have generated solid interest from both sides.

Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

Cecilia Jamasmie | June 26, 2015
Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

The company, however, said it remained committed to the diamond industry.

RioZim seeks partnerships for $2.1bn Zimbabwe power plant

Bloomberg | May 4, 2015

RioZim Ltd., which mines gold, diamonds and coal in Zimbabwe, wants to work with state-owned power utilities in South Africa and Namibia to build a 1,400-megawatt electricity plant near its Sengwa coal fields.

Zimbabwe eliminates tax on diamond sales, for now

Cecilia Jamasmie | April 30, 2015
Zimbabwe eliminates tax on diamond sales, for now

The measure aims to stimulate production and attract investment in the sector, amid low international prices for the coveted gems.

Zimbabwe’s top diamond mining firms agree to merge

Cecilia Jamasmie | March 17, 2015
Zimbabwe’s top diamond mining firms agree to merge

Zimbabwe’s diamond industry will soon be controlled by one firm as the country’s major diamond mining companies have agreed to merge.

ZNA muscles in on rich platinum deal

The Standard | February 15, 2015

Zimbabwe National Army has won a bitter struggle with the Ministry of Mines and Mining Development for the control of a lucrative $4.8-billion platinum mine.

ACR to commission gold mine in 2015

Zimbabwe Herald | December 7, 2014

African Consolidated Resources (ACR) will commmission its first gold mine in Zimbabwe in the second half of next year as the company steps up efforts to consolidate its presence in the country's gold sector.

Rio Tinto sets $350m aside to expand Canada’s Diavik diamond mine

Cecilia Jamasmie | November 27, 2014
Rio Tinto sets $350m aside to expand Canada’s Diavik diamond mine

The investment will allow for a fourth pipe to be developed at the site, with production expected to start by 2018.

Zimbabwe mulls ending tax on diamonds

Cecilia Jamasmie | November 9, 2014
Zimbabwe mulls ending tax on diamonds

As part of a set of planned measures to stimulate production and attract investment in the sector.

U.S. threatens Zimbabwe with further sanctions over $3B platinum mine

Andrew Topf | October 5, 2014
Mugabe

The United States is wagging its finger at Zimbabwe, threatening to ratchet up sanctions over a plan to develop a platinum mine involving Russian and Zimbabwean companies.

This $2 million red diamond is the hero in Rio’s annual tender

Cecilia Jamasmie | August 12, 2014
This $2 million red diamond is the hero in Rio’s annual tender

In the 30 years Rio Tinto's Argyle Pink Diamonds have been tendering the rare gems, only 13 red diamonds have been brought in.

Zimbabwe’s planned Marange diamond mines merger hits legal hurdles

Cecilia Jamasmie | August 5, 2014
Zimbabwe’s planned Marange diamond mines merger hits legal hurdles

The government wants to consolidate the diamond mining companies currently operating in Marange from six down to two or possibly one.

De Beers changing its diamond sales model

Cecilia Jamasmie | July 22, 2014
De Beers changing its diamond sales model

The world's largest diamond miner by market value said it will adopt a more flexible sales approach.

Diamond industry recovers place in miners’ hearts on climbing demand, prices

Cecilia Jamasmie | July 8, 2014
Diamond industry recovers place in miners’ hearts on climbing demand, prices

Sector now delivering some of the healthiest returns for many of the world’s biggest miners, including Rio Tinto and Anglo American.

Massive layoffs expected in Zimbabwe as diamond deposits run out

Cecilia Jamasmie | July 7, 2014
Massive layoffs expected in Zimbabwe as diamond deposits run out

It has become economically unviable for miners to dig any deeper for the precious stones.

Zimbabwe miners to shut down after diamond resource exhausted

Paul Zimnisky | July 2, 2014
rough diamonds

Two of the seven miners at Marange, Anjin and Jinan, will be shutting down.

African Consolidated Resources raising $18m, buying Zimbabwe mine

Firm says deal means faster gold production at flagship Pickstone project.

'Blood diamond' monitoring to remain focus on conflict-torn regions

Cecilia Jamasmie | June 10, 2014
'Blood diamond' monitoring to remain focus on conflict-thorn regions

The newly elected president of the World Diamond Council is not in favour of expanding the scope of the Kimberley Process scheme beyond conflict zones.

Diamonds may be forever, but current prices are not— experts

Cecilia Jamasmie | April 21, 2014
Diamonds may be forever, but current prices are not— experts

Despite billions spent on exploration, only around 30 significant diamond mines are currently in production.

Rio Tinto paints rosy future for diamonds

Cecilia Jamasmie | March 7, 2014
Rio Tinto paints rosy future for diamonds

Production of rough diamonds expected to be worth $19.6 billion by 2018.

Alberta most attractive mining destination in Canada, third worldwide

Cecilia Jamasmie | March 3, 2014
Alberta most attractive mining destination in Canada, third worldwide

Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.

Marange may not be the world’s largest diamond producer for much longer

Paul Zimnisky | February 10, 2014

Marange is currently ranked the largest diamond producing deposit on earth, but its days seem to be counted.

Zimbabwe platinum miners appease Mugabe with refinery plans

Ana Komnenic | January 19, 2014
Mugabe

Companies met deadline to submit concrete plans for major refinery.

Massive diamond fields discovered in Zimbabwe to save the country’s industry

Cecilia Jamasmie | January 14, 2014
Massive diamond fields discovered in Zimbabwe to save the country’s industry

Authorities are calling them the "the billion dollar diamond fields," though little exploration has taken place so far.

Zimbabwe may have to stop producing diamonds

Cecilia Jamasmie | December 10, 2013
Zimbabwe may have to stop producing diamonds

Country’s diamonds said to be depleting fast.

Diamond prices to jump next year— Alrosa

Cecilia Jamasmie | December 2, 2013
Alrosa’s production, revenue up in Q1

A steady diamond demand in Europe, paired with an ever growing appetite for these precious stones in China and India, are to blame, says Alrosa.

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