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…

September 15, 2011

More Canadian mining CEOs join the millionaires club in 2011

VANCOUVER, Sept. 15, 2011 /CNW/ - In 2011, Canadian mining CEOs are enjoying high salaries on par with 2010's blockbuster year for compensation and there has been a rise in…

September 14, 2011

Firestone Diamonds moves only 14% of tender carats at 15-20% lower price

Firestone Diamonds said Wednesday rough diamond prices have fallen about 15% to 20% since the start of August as market uncertainty begin to take a heavier toll. This after prices…

September 13, 2011

CIBJO mourns death of gemstone industry veteran Francesco Roberto

The World Jewellery Confederation, expressed its great regret and sorrow upon the death of Francesco Roberto, who passed away on September 12 after a long illness, at the age of…

September 12, 2011

Stornoway adds to sparkle for investors

Stornoway Diamond Corporation involved in the discovery of over 200 kimberlites in seven Canadian diamond districts will join S&P/TSX SmallCap Index at the end of the week, a move which…