July 24, 2011

Sea Diamonds Keep Hytec Busy

HYTEC Cape Town has recently been awarded a large contract by De Beers Marine Namibia for the refurbishment of the mining system hydraulics on one of the mining giant’s offshore…

July 23, 2011

Rio Tinto diamond project in India wins social awareness award

Rio Tinto has received an award for its significant work in building social capacity in communities surrounding its developing Bunder diamond project in India. The 2010-2011 Sitaram Rungta Social Awareness…

July 23, 2011

Selling gold: How much that old ring is worth now

Yvette Shirey left a jewelry store near her home in Columbia, Md. Wednesday afternoon $1,000 richer. After seeing gold prices soar earlier in the week, Shirey decided to sell a…

July 22, 2011

Canadian exploration and deposit expenditure expected to increase

Canada’s mining industry continues to rally from the recent global recession, with this year’s production currently exceeding that of 2010, reports government department Natural Resources Canada (NRCan).

July 22, 2011

Lucara to list in Botswana

Mining Weekly reports that Canadian diamond company, Lucara (CVE:LUC) will list on the Botswana exchange.

July 22, 2011

De Beer’s SA workers start strike

South African National Union of Mineworkers' members at diamond producer De Beers Consolidated Mines started a strike on Friday after wage talks failed, a union spokesman said. The union wants…

July 22, 2011

Namibia plans to raise mining tax from 37.5% to 44%, diamonds exempt

Namibia plans to raise its mining tax to 44 percent from 37.5 percent but said the hike will not apply to diamond mining companies, the ministry of finance said in…

July 21, 2011

Commodities rise after Greek plan details emerge

Financial markets — including commodities — surged after details from the highly-anticipated EU Summit were released. Germany's demand that private investors be a part of any Greek bailout, which will…

July 21, 2011

Metalex recovers largest diamond yet from U2 kimberlite

Metalex Ventures Ltd. (TSXV : MTX) is pleased to report that a 2.61 carat white gem quality diamond has been recovered from the exceedingly large, 9.3 hectare, U2 kimberlite pipe…

July 21, 2011

Diamond workers in pay talks

WAGE talks with the world's largest diamond producer De Beers will get under way on Wednesday, the National Union of Mineworkers said. Talks would be held with a facilitator from…