Rough diamond prices are on the rise. De Beers boosted rough diamond prices by an average of 5 percent this month due to strong demand for diamonds in Asian emerging markets and tight supply. A De Beers official was quoted as saying: Buoyant diamond demand from China, India and the Middle East would more than offset [...]
Sierra Leone’s Minister of Mineral Resources, Alhaji Abubakarr Jalloh, made a familiarisation visit to the provinces in an effort to sensitise Diamond exporters, local miners and Gold diggers on government mining policies. For full news, click here
Australian diamong exploration company Lonrho Mining Limited reported that it has received government approval to start exploration of the kimberlite targets at the Lulo Diamond Concession in Angola. For full news, click here
DiamondCorp plc has obtained $5 million loan to invest in phase-2 underground mining at its Lace diamond mine in South Africa. For full story, click here
The Diamond Development Initiative (DDI) is making efforts to organize artisanal diamond mining in order to clean up the process and help around 15 million miners and their dependents worldwide who depend on this craft for their living. For full news, click here
De Beers and junior African Diamonds are entering into a legal war over the development of the AK6 project in Botswana. For full news, click here
Bonaparte Diamond Mines NL recovered 31 carat diamond from its trial mining at Savanna Diamond Mine in South Africa. Mike Woodborne, Managing Director of Bonaparte, said: The Savanna alluvial diamond deposit has revealed its potential to produce large, high-value diamonds, which is very exciting. For full news, click here
India’s diamond capital Surat is a city on the edge a day after 18 live bombs were detected in the city. For full news, click here
Last week ended on a very exciting note for diamond giant De Beers. The official launch of the Snap Lake Mine, Northeast of Yellowknife, and the Victor Mine, in Northeastern Ontario, took place over the weekend.
Zambezi Resources reported that company will complete deep diamond drilling at Cheowa copper gold project in July. For full story, click here
Thursday, July 31, 2008