September 18, 2011

Industry must live with tax: Rio Tinto

The Daily Mercury reports Rio Tinto executive director Sam Walsh says the mining industry has to live with the new resources tax as the best deal that could be done…

September 16, 2011

Mbada overtakes Murowa as Zimbabwe’s biggest producer

Mbada Mines (Pvt) Ltd, which operates in Zimbabwe's Marange diamond area, is producing more than 150,000 carats a month, surpassing Rio Tinto's Murowa mine as the country's largest diamond producer,…

September 16, 2011

Western Africa sees $36.2 billion mining rush, an Industrial Info News Alert (MRW)

SUGAR LAND, TX -- (MARKET WIRE) -- 09/16/11 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- The international commodities boom, fueled by Asia's growing economies, has caused a…

September 16, 2011

De Beers inks new 10-year deal with Botswana

Diamond producer De Beers said on Friday it had signed a new 10-year contract for the sorting, vaulting and sales of the diamond production of Debswana, its joint venture with…

September 16, 2011

Namibia: diamond company supports Orphan Trust

Gemxcel Diamonds, has been donating N$7000 per month to the Christina Swart-Opperman Aids Orphan Foundation Trust since August. The money enables the trust to continue with its projects, according to…

September 16, 2011

Beneficiation to be incorporated in new Zimbabwe diamond policy

HARARE (miningweekly.com) Zimbabwe wants 10% of all diamonds mined in the country to be cut and polished locally, Mines Minister Obert Mpofu said in Harare this week. A diamond policy…

September 16, 2011

MEG calculates $17 billion spent on non-ferrous exploration in 2011

Preliminary estimates from Metals Economics Group’s (MEG) Corporate Exploration Strategies (CES) study indicate that 2011 nonferrous exploration budgets will exceed $17 billion for expenditures related to precious and base metals,…

September 15, 2011

De Beers, Botswana deal agreed

Nine months overdue, the diamond marketing contract between the Government of Botswana and De Beers will finally be signed tomorrow in Gaborone, Mmegi reported on Thursday.

September 15, 2011

Zimbabwe softens tone on foreign mining companies

A Zimbabwe government official says a law forcing foreign companies to surrender 51 percent stakes to local people was "an aspiration," not a hard target, Reuters is reporting: "This is…

September 15, 2011

400 firms apply for diamond licences as Zimbabwe softens ownership blow

Zimbabwe's mines minister on Thursday told delegates at a conference in the capital Harare that the government has received 400 applications from companies interested in mining diamonds, despite an international…