Bloomberg reported BHP Billiton Ltd. (ASX:BHP,NYSE:BHP) may leave the diamond industry for at least 20 years as it focuses on larger projects.
Bloomberg reported Lucara Diamond Corp. (TSX:LUC,TSXV:LUC) will commission its Karowe min in Botswana by April.
Mining Weekly reported Trans Hex (JSE:TRH) is averaging $952 a carat for rough cut diamonds reflecting a higher demand in the market.
Mining Weekly reported Rockwell Diamonds (TSX:RDI,OTC:RDIAF) says it will build on steady production at its three South Africa diamond mines to prove the sustainability of the projects in 2012.
Kitco reported Stornoway Diamond Corp. (TSX:SWY) is making it a priority to begin work at its Quebec diamond mine by mid-2013.
Reuters reported Botswana is back to a budget surplus after three years of deficit, with growth expected to fall slightly in 2012.
Mining Weekly reported Petra Diamonds’ (LSE:PDL) production is up 64% and the company is on track for two-million carat output in 2012.
Reuters reported diamond traders met in Antwerp to discuss the future of the diamond industry.
Reuters reported polished diamond prices may struggle to hold onto gains in the first quarter of 2012 due to worries over the global economic outlook.
Mining Weekly reported rough diamond prices were down for 2011 as the economic crisis in Europe affected demand.
Thursday, February 9, 2012