The successful restructure of Namakwa Diamonds’ operations in Lesotho has turned the company's operations cash-flow positive, reduced costs and positioned the company for the next stage of development, said CEO Richard Collocott.
Polished diamond sales fell 33% to $1.51 billion in the first half of 2012 from $2.26 billion in the first half of 2012, said Monday Shmuel Mordecahi, responsible for the diamond industry at the Israeli Ministry of Industry, Trade and Labour.
The exhibition, displaying more than 10,000 diamonds, brings together seven of the nine principal stones cut from the famous Cullinan Diamond for the first time ever.
Chile’s Doña Inés de Collahuasi mining company announced Solarpack has won the contract to build a 25 MW solar energy park, which will supply nearly 13% of the mine's power needs during the day.
Canada's environmental regulations have lagged behind the global rush to develop deposits of lithium, a rare metal found in the rechargeable batteries that power millions of iPads, smartphones and laptops, says a new report.