Reserve Bank of Zimbabwe’s Governor Gideon Gono admitted that Zimbabwe Mining Development Corporation is unequipped to conduct mining at the Chiadzwa diamond mine. For full story, click here
Read the full article: "Zimbabwe Mining Development Corporation..."
Wednesday, August 27, 2008
Canada has become a hot bed of diamond mining activities in recent years. Not only are diamond mines in Canada finding top quality gems, Canadian diamonds are increasing in popularity due to the stigma of “conflict diamonds” attached to the gems that come from overseas.
Read the full article: "Canada – The next diamond mecca?"
Tuesday, August 26, 2008
Peregrine Diamonds confirmed the presence of diamonds at its Chidliak property in Canada’s Nunavut Territory. The company’s President Brooke Clements said: The company expects more diamondiferous kimberlites to be discovered at Chidliak in the future. For more information, click here For company’s website, click here
Read the full article: "Peregrine confirms presence of diamond at..."
Tuesday, August 26, 2008
Rio Tinto achieved record underlying EBITDA of $11,408 million in H1 of 2008, a 73% increase over the first half 2007. For full story, click here For company’s website, click here
Read the full article: "Rio Tinto accounced H1 results"
Tuesday, August 26, 2008
Vaaldiam Resources Ltd. is a Canadian based company engaged in the mining, exploration and development of diamond deposits.
Read the full article: "Vaaldiam Resources: South America’s..."
Monday, August 25, 2008
Growing demand by consumers for polished diamonds has boosted the prices of rough diamond by 16% since the beginning of the year. For full news, click here
Read the full article: "Prices of rough diamond rise 16%"
Monday, August 25, 2008
Reserve Bank of Zimbabwe Governor Dr Gideon Gono told political leadership in Mashonaland Central: The parastatal had only managed to raise US$15 million from its diamond mining activities so far. This confirms what I have always been saying that what the parastatal is simply doing is mechanised panning, it has no capacity to mine diamonds. [...]
Read the full article: "ZMDC Lacks Capacity to Mine Diamonds"
Monday, August 25, 2008
The Australian government has approved the purchase of a stake in the giant diamond mining firm Rio Tinto by China’s Chinalco. Australian Treasury Minister Wayne Swan announced: He had approved the acquisition of up to 14.99% of the shares in Rio Tinto, the London Stock Exchange-listed arm of the Rio Tinto Group. For full story, click [...]
Read the full article: "Chinese Company to Acquire Stake in Rio Tinto"
Wednesday, August 20, 2008
Toscanini diamond mine on Namibia’s Skeleton Coast is in trouble after SEC arrested two of its American investment brokers, Steven Byers and Joseph Shereshevsky of Chicago-based Wextrust LLC, for allegedly operating a nearly N$2 billion (US$255 million) pyramid scheme. For more information, click here
Read the full article: "Toscanini diamond mine linked to pyramid..."
Wednesday, August 20, 2008
India based NMDC mining company has set up a Global Exploration Center in Raipur, India to explore mineral resources such as iron and diamond. NMDC Chairman and Managing Director Rana Som stated: In addition to exploring for mineral resources and diamonds for NMDC, the center will conduct free exploration operations for state governments and offer [...]
Read the full article: "Indian Global Exploration Center to Explore..."
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Friday, August 29, 2008