March 29, 2012

‘One project, one review, completed in a clearly defined time period’: Excerpt from Budget 2012

The Canadian government announced major changes to the way projects are approved during the 2012 budget speech.

March 29, 2012

The Oppenheimers and De Beers are no more. Here’s a 30-year old article that predicted the cartel’s undoing

"An unruly market may undo the work of a giant cartel and of an inspired, decades-long ad campaign."

March 29, 2012

World’s largest money manager losing confidence in BHP Billiton

"They need to clearly indicate to the market what their strategy around Olympic Dam is, around shale gas, all of these things, to return confidence that they're not spending huge…

March 28, 2012

Marriage of spun-out diamond assets may be best for Rio, BHP

With Rio Tinto broadcasting that it is joining bigger rival BHP Billiton in considering selling its diamond businesses, analysts said on Tuesday the diversified giants might rather combine the assets…

March 27, 2012

Stornoway signs impacts and benefits agreement for the Renard Diamond Project

Stornoway Diamond Corporation (TSX:SWY) is pleased to announce that it has entered into an Impacts and Benefits Agreement for the Renard Diamond Project with the Cree Nation of Mistissini ("CNM")…

March 27, 2012

Third diamond drill rig deployed by Angkor Gold in Cambodia

Canadian-based Angkor Gold Corp. (TSXV: ANK) announced today it has deployed a three diamond drill at its Katieng prospect. Drilling is set to commence on geochemical targets at the property.…

March 27, 2012

Stellar Diamonds says its project in Sierra Leona confirmed as a high value asset

London-trade Stellar Diamonds (LON:STEL) said today a first JORC compliant estimate for its Tongo project in Sierra Leone confirmed it as a high value, high growth asset.

March 27, 2012

India’s import duty stifles diamond “round tripping”

India's polished diamond trade saw a sharp decline in February following the imposition of a2% import duty by the Indian government on polished diamond imports on January 17, 2012.

March 27, 2012

Zimbabwe diamond mine pay deal agreed

ANJIN, the biggest miner operating in Zimbabwe’s controversial Marange diamond fields, said yesterday a two-day strike by workers had ended after management agreed to a 25 per cent wage rise.

March 27, 2012

Rio diamond mines may be on the block

London-based diversified miner Rio Tinto (LON:RIO) is taking a page out of BHP Billiton's playbook and is looking at selling some or all of its diamond mines.