March 4, 2012

Angola blood diamond case: Bermuda firm cited

Angola’s attorney general has summoned witnesses to testify in a case involving a Bermuda-registered mining company which implicates some of the top figures in the country’s military and security establishment…

March 4, 2012

Mountain Province Diamonds: Progress at diamond JV with De Beers

Following the receipt on January of information requests under the Environemtal Impact Review, De Beers has advised that they are on track to provide responses to the review by the…

March 4, 2012

Sharp drop in diamond exports from Botswana in January

For the fourth consecutive month, diamond exports from Botswana have declined. The diamond producing country exported $109 million worth of diamonds in January, the lowest export level since August 2009.

March 2, 2012

New study says 66% of institutional investors choose Africa as number one destination. No wonder. Have you seen the size of that place?

A new survey by The Economist Intelligence Unit finds when institutional investors interested in frontier markets were asked to choose two regions out of five, two-thirds see Africa – projected…

March 2, 2012

Russia’s diamond polishing industry looks forward to renewed growth

Russia's diamond manufacturing industry is slowly but surely emerging from the severe crisis it experienced since 2009, when polished diamond production fell to an unprecedented low of US$350 million.

March 1, 2012

Shore Gold shares drop as diamond mine deal falls through

Canadian Shore Gold (TSX:SGF) shares fell dramatically Thursday after the Saskatoon-based company announced it had failed to secure a deal to fund their Star-Orion South diamond project near Prince Albert.

March 1, 2012

Zimbabwe seeking “lost” diamond revenue

Zimbabwe said Thursday it is seeking to trace lost revenue from the country's vast mineral reserves, as part of an attempt to shore up its finances.

February 29, 2012

Challenges facing the Australian diamond industry

After five years of declines, primarily attributed to low production, poor prices, and a high Australian dollar, IBISWorld’s “Industries to fly and fall in 2012” report forecasts a “revenue rebound”…

February 29, 2012

Alphamin Resources Corp.: Update on Bisie Tin Project, Democratic Republic of Congo (“DRC”)

Alphamin Resources Corp. (TSX VENTURE:AFM) announced that it has lifted the state of Force Majeure on its PR5266 which hosts the Bisie Tin Project in the North Kivu Province, east…

February 29, 2012

Over a hundred workers in limbo after Firestone Diamonds’ Botswana mine surprise closure

The future of about 160 workers at BK11 diamond mine in Botswana is in the balance after UK-based owner, Firestone Diamonds (LON:FDI), suspended operations yesterday.