June 25, 2012

South Africa to up the rent because nationalisation would break the bank

The African National Congress has proposed a tax to raise R40 billion: the Resource Rent Tax would take 50% of a mining company's profits that exceed 15% return on their…

June 24, 2012

Rio Tinto appoints new MD of the Argyle diamond mine

Rio Tinto Diamonds appointed Kim Truter as managing director of the Argyle Diamond Mine in Western Australia, effective from July 1.

June 23, 2012

Rio Tinto promotes innovation and expansion in the diamond jewellery industry

As premier sponsor of the Jewellery News Asia (JNA) Awards, Rio Tinto congratulated the shortlisted finalists announced at a press conference in Hong Kong last Thursday.

June 21, 2012

Alrosa’s board talks about the future

The company's supervisory board, which met in the wake of Russia's announcement to sell its in 51% stake in Alrosa, outlined intentions to reduce open-pit mining, increase diamond reserves to…

June 21, 2012

Vaaldiam Mining announces results of shareholder meeting

Vaaldiam Mining today announced that it has received shareholder approval of the previously announced plan of arrangement to be acquired by a Cayman Island company BCKP.

June 19, 2012

Zimbabwe confirms army ownership of diamond mine

Zimbabwe’s Deputy Mines Minister, Gift Chimanikire, confirmed an army-owned company owns 40% of Anjin, one of the most lucrative diamond concessions in the country.

June 19, 2012

Fatalities at Gem Diamonds’ Botswana mine delays production until 2014

Gem Diamonds said initial production at its Ghaghoo underground mine project in Botswana would be delayed until the first half of 2014 after an accident yesterday resulted in the death…

June 19, 2012

India’s polished diamond exports drop 44% in May

The month of May delivered 44% drop (on yearly basis) in India’s polished diamond exports which is valued at $1.245 billion, while the volume of exports declined 50% to 2.574…

June 19, 2012

Falling Rupee stalls diamond industry

Indian firms that have borrowed funds from overseas banks would now have bear a higher burden for discharging their debts. Moreover, the diamond industry is dependent on import of rough…

June 19, 2012

Aging Antwerp needs polishers, offering free training

Antwerp's diamond polishers are aging and in order to recruit new talent, the the local diamond industry is offering free education under its 'Antwerp Diamond Masterplan – Project 2020’