October 1, 2011

Slide Show Scenes from the secret life of diamonds 2.

Cecil John Rhodes: Founder of the mining group De Beers; advocate for British colonialism; founder of the state of what is now modern-day Zimbabwe; and largely credited with establishing the…

September 30, 2011

Miners rebel against Zimbabwe indigenization law

The Zimbabwe Guardian reports that at least 137 mining companies are risking losing their mining licences for refusing to comply with the country's new indigenization regulations. Affected companies include Anglo-American,…

September 29, 2011

A jaundiced view of the diamond market

One shouldn't compare pears and squares but there is no better indication that coloured diamonds are spearheading record auction prices than news that a yellow weighing slightly less than the…

September 29, 2011

Strengthen mining sector revenue monitoring mechanisms – ZPP

THE Zambian People's Pact (ZPP) has said it expects the Patriotic Front(PF) to strengthen monitoring mechanisms for revenues in the mining sector in order for Zambia to benefit fully from…

September 28, 2011

Belgium’s net polished trade creates $500 million overhang in August

Antwerp's traders created a half billion dollar overhang in August after their exports were slashed to 40 percent of their usual levels, based on figures released Tuesday by the AWDC.

September 28, 2011

Japan’s polished diamond imports up 15.6%

Japan imported $65.4 million worth of polished diamonds in July, rising 15.6 percent compared to July 2010. The rise reflects soaring polished prices as well as a renewed appetite for…

September 28, 2011

Belgium’s rough found fewer buyers in August

Even tough Belgium eased its rough diamond imports in August, imports still far exceeded demand, resulting in many of the goods remaining in the trading center in August.

September 28, 2011

We’ll need 170,000 workers, says BHP

CLANCY YEATES BHP BILLITON has predicted Australia's resources industry will need an extra 170,000 workers in the next five years, underlining the job bonanza set to hit mining states. Forecasts…

September 27, 2011

Zimbabwe to probe foreign firms over ownership law

Zimbabwe will soon probe foreign-owned firms to establish their level of compliance with a law requiring them to sell at least a 51 percent shareholding in their Zimbabwean operations to…

September 27, 2011

De Beers to attain 80 pct of pre-recessionary levels

Rough diamond production of De Beers will recover to 80 per cent of what it has been producing during the pre-recessionary peak levels. The company also has spent Rs 150…