July 31, 2011

Firestone Diamonds raises finances for mine development

Mining and exploration company Firestone Diamonds has announced a financing plan that will raise £13.5 million and provide updated development plans for its diamond mining and evaluation projects in Lesotho…

July 29, 2011

Zimbabwe’s diamonds ‘can become a curse’

The Zimbabwe Independent quotes finance minister Tendai Biti (pictured) on Friday as saying the reality of Zimbabwe's situation is that there is no connection between Zimbabwe’s income from diamonds, its…

July 29, 2011

Namibia chamber warns over new tax

Namibia's Chamber of Mines wants the government to reconsider plans to impose a further 17% tax on exploration and mining firms in the southern African producer of diamonds and uranium,…

July 29, 2011

Anglo American CEO interviewed on half-year results

Anglo American, one of the world's largest miners, today reported strong first half growth with operating profit ahead 40% to $6bn. Chief Executive Cynthia Carroll said that investments made during…

July 29, 2011

Africa: ‘Blood Diamond’ regulation system broken

The recent regulatory approval of Zimbabwean diamonds for sale reveals deep flaws in the system, writes Khadija Sharife.

July 29, 2011

Mumbai diamond broker succumbs to blast injuries

Vallabhai Gadhia, a 48-year-old diamond broker, died at Mumbai’s Saifee Hospital as a result of complications arising from injuries he sustained in the bomb blast on July 13 at the…

July 28, 2011

Fairfax Market Report including Medusa Mining, Frontier Mining and Firestone Diamonds

Economic News Japan – Retail sales rose in June beating all forecasts adding to signs that the economy is recovering from the dip on the back of the earthquake. Figures…

July 27, 2011

Fear beginning to replace greed as mining boom gets long in the tooth

Despite a flurry of mergers and acquisitions and a robust IPO market reports out on Wednesday suggest that fear is slowly replacing greed in the mining finance business. The Financial…

July 27, 2011

De Beers ‘a little fish’

The National Union of Mineworkers (Num) vowed on Wednesday to "cut De Beers to size" for refusing to accede to its 15 percent salary increase demand. "De Beers is a…

July 27, 2011

Surat diamond traders campaign for more flights to the city

Surat diamond trading houses and safe deposit vaults will closed for one day on Friday (July 29) in a campaign to increase air travel to the city, the Surat Diamond…