Midex Gold Corp. declared it will be the Phase One exploration at the company’s Magembe Diamond Project located in the Shinyanga district of northwestern Tanzania. For full story, click here
Botswana went into a technical recession between the months of last October and March as the country struggled to sell diamonds, but one economist believes the worst is behind as global economy is showing some green shoots. For full story, click here
Midex Gold Corp. President, Morgan Magella declared the vendor of their newly acquired Magembe Diamond Property reported that a local miner recently discovered an 80 carat diamond. For full story, click here
De Beers, the world’s largest diamond company, posted the biggest dip in sales of unpolished and uncut gems since at least 1974 after demand crumbled as the U.S., Europe and Japan slid into recession. For full story, click here
India’s iron ore prices has moved closer to $100 a tonne on Thursday on strong inquiries from China and smaller than usual supplies owing to the monsoon. For full story, click here
The Dakshina Kannada district administration on Thursday declared a ban on movement of all iron ore laden lorries in the district along National Highways 13 and 17, from July 27 to August 31. A press release from S A Prabhakar Sharma, additional and in-charge deputy commissioner here stated the movement of these lorries would also [...]
A top China steel industry official restated on Thursday strong opposition to settling iron ore prices at the same 33 percent cut other Asian mills have agreed, but said a deal could still be reached by month’s end. For full story, click here
The millennia-old city witnessed one of the rarest celestial phenomenons, the longest total solar eclipse of this century, spanninover three minutes and five seconds on Wednesday morning. For full story, click here
Industrial diamond manufacturer Element Six will cut 370 jobs at its unit in Ireland, declared blaming high costs for making more than 75 percent of its Irish workforce redundant. For full story, click here
Diamond Offshore Drilling Inc, the world’s second-leading oil and gas rig contractor, posted a 7 percent dip in quarterly profit on Thursday as its clients pulled back on drilling in response to weaker energy prices. For full story, click here
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