Mines and Mining Development Minister Obert Mpofu reported that the government is extracting between 50 000 and 60 000 carats of diamonds per week from Chiadzwa in Manicaland. Mpofu stated: We are exploring diamonds using equipment that is not producing amounts that we would want to produce. For full story, click here
Job cuts in the diamond industry has resulted many unemployed diamond workers to take up auto-driving in Surat, Gujrat. YA Bandy, in-charge assistant, regional transport officer, stated: Auto driving is the easiest way to earn livelihood for many in Surat. For full story, click here
Namdeb, a Namibian subsidiary of world diamond mining giant De Beers, reported on Tuesday that it will put its employees involved in diamond mining on paid leave for at least three months to cut costs. For full story, click here
Precious gems are poised to make a sparkling entrance at the Ontario legislature Tuesday with a diamond-studded mace that will draw attention to an industry the beleaguered province hopes will bring 12 years of economic good news. For full story, click here
Global slowdown and recession pummelling the diamond industry, and the N.W.T. is feeling the pain. For full story, click here
Australia’s Mines Minister Norman Moore has declared that BHP Billiton promised to improve its safety record after the fifth mining fatality in Western Australia in the past eight months. For full story, click here
Stornoway Diamond Corporation revealed that in the recently released Quebec provincial budget for fiscal year 2009-2010 an allocation of $698 million dollars has been set aside for two road infrastructure projects in the north of Quebec, including the Route des Monts Otish from Chibougamau to the Otish Mountains. For full story, click here
In order to encourage diamond mining companies that have been facing the brunt of reduced global demand and prices, the government of Angola is deciding to purchase diamonds from these local mining companies. For full story, click here
Dubai’s ideal location between the world diamond centres in Belgium and India, along with the lure of a tax-free, business-friendly environment has assisted the city leap to the forefront of the diamond trade. For full story, click here
Global mining giant Rio Tinto reported to have unearthened an immensely rich diamond resource in Madhya Pradesh, a development that could boost the company’s plans of investing hundreds of million dollars. For full story, click here
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