August 12, 2012

South Africa’s third wealthiest man owes the taxman $250 million

South Africa’s third wealthiest man and mining entrepreneur, billionaire Christoffel Wiese, it is said to owe the country’s revenue agency (Sars) an estimated $250 million (R$2 billion) in unpaid taxes.

August 12, 2012

Israel’s diamond trade suffers double digit declines in July

Israel's net polished diamond exports were revived in July when compared to June, up 154.9% to $237.3 million. The increase hides however, a bitter truth – the country's exports are…

August 11, 2012

Lucara to sell less diamonds than projected from its Botswana mine

Canada’s Lucara Diamonds (TSX:LUC) shares went down over 3% on Friday after the company said it expected to sell 23% less diamonds this year from its flagship Karowe mine, in…

August 10, 2012

Russia drafts a bill to woo foreign investors

Russian gold reserves represents roughly 10% of the world's total supply. However, foreign companies are leery to move into a country that regulates gold reserves over 50 tonnes to be…

August 8, 2012

Gunmen attack airport in Congo mining hub

Unidentified gunmen attacked the airport in the Congolese mining town of Lubumbashi early on Wednesday, killing at least one soldier, but government forces repelled the offensive after several hours of…

August 8, 2012

Debut announces phase one exploration program at Nakina project

The Ontario-based Nakina project covers a total of 85 mining claims, where Debut holds a 100% interest in 57 of the claims and has an option to earn a 70%…

August 7, 2012

Octéa Diamond Group launched at Koidu diamond mine

Mining company Octéa Diamond Group, a private company owned by Beny Steinmetz Group (BSGR), was officially launched at a gala event at the group’s flagship Koidu diamond mine, in Sierra…

August 7, 2012

1,500 Zimbabwean diamond miners sacked for striking

Over 1,500 diamond miners in Zimbabwe have been sacked following a strike for higher pay. Many of the workers have report serious sexual assaults by the bosses.

August 7, 2012

Mountain Province Diamonds operating partner De Beers confirms Gahcho Kué permitting on schedule

Mountain Province Diamonds Inc. confirmed that joint venture operating partner, De Beers Canada Inc. has reported that the permitting of the Gahcho Kué diamond project is progressing on schedule. The…

August 7, 2012

BHP in talks to sell Ekati diamond mine to Harry Winston

A deal between BHP Billiton and Toronto-based jeweller Harry Winston Diamond might be around the corner according to the Financial Times.