September 25, 2011

Mining firms invest USD $9 million in diamond prospecting in Bié, Angola

AngolaPress reports at least USD 9.0 million was invested in diamond prospecting the central Bié province by three private mining companies.

September 25, 2011

Endiama head: $150m invested in diamond prospecting in past 6 years

Over the past six years, Endiama – a joint diamond production venture between De Beers and the Angolan government – has invested $150 million in prospecting for diamonds in Angola’s…

September 23, 2011

Diamond Frank Exploration Inc. announces $1,750,000 brokered financing

LAVAL, CANADA--(Marketwire - Sept. 23, 2011) - Diamond Frank Exploration Inc. (TSX VENTURE:DOD) (the "Company") is pleased to announce that it has engaged Secutor Capital Management Corporation and Industrial Alliance…

September 23, 2011

Namakwa Diamonds sells diamond operations in Congo for US$6.25 million

Namakwa Diamonds sold its mining and exploration operations for US$6.25 million to Hall Farm Avenue Limited, the corporate vehicle of a management team lead by the Company’s DRC Country Manager,…

September 22, 2011

Central African Republic diamond war death toll climbs

AFP reports a recent outbreak of fighting between rival armed groups in the Central African Republic – one of the poorest countries in the world – vying for control over…

September 22, 2011

Stornoway sees over 2 million carats a year, longer life for Renard

Stornoway Diamond Corporation, involved in the discovery of over 200 kimberlites in seven Canadian diamond districts, has provided an update on its 100%-owned Renard Diamond Project saying it now expects…

September 21, 2011

London diamond sorting, sales moved to Botswana

Botswana aims to transform itself into an international hub of the world diamond industry, boosted by a deal in which the De Beers mining and sales empire will transfer the…

September 21, 2011

BHP chief’s pay rises to $US11.6 million

BHP Billiton chief executive Marius Kloppers’s annual pay grew by 8.5 per cent in the last financial year, to $US11.6 million ($11.37 million). The pay rise (in US dollars) came…

September 20, 2011

Rio Tinto senses a shift in mood

Despite order books that are full and robust commodity prices, Rio Tinto says that customer sentiment is now more cautious and physical markets are softer than they were six months…

September 20, 2011

Rough diamond demand growth to hit record this year

Diamond producer De Beers expects global demand growth for rough diamonds to set a new record this year on the exceptionally strong performance of its key US market and robust…