Russian Prime Minister Vladmir Putin pledged on Friday $1 billion in state support for diamond miner Alrosa to help it ride out a steep global dip in demand for gemstones. For full story, click here
Read the full article: "Putin Vowed $1 bln Support for Russian..."
Thursday, August 20, 2009
Mining company Rio Tinto declared its financial results for the six months ending June 30, 2009. Revenues dipped by 68 percent to $184 million, which the company attributed to the economic slowdown. For full story, click here
Read the full article: "Rio Tinto’s Diamond Unit Declared $56..."
Thursday, August 20, 2009
Giant mining company Rio Tinto declared that underlying EBITDA for the first half of 2009 stood at $6.1 billion, 47% below the corresponding period in 2008. Underlying earnings during the first half of 2009 came to $2.6 billion, 54% below the first half of 2008. For full story, click here
Read the full article: "Diamond Miner Rio Tinto’s Underlying..."
Saturday, August 15, 2009
Exports of diamonds from Sierra Leone slipped by around 28 percent in value year on year in the first half of 2009. For full story, click here
Read the full article: "Sierra Leone H1 Diamond Exports Dipped 28%"
Thursday, August 13, 2009
Kimberley Consolidated Mining declared that chief executive officer Hein le Riche has resigned from his position in order to focus on negotiations with China National Geological and Mining Limited on the company’s behalf. For full story, click here
Read the full article: "Kimberley Consolidation Mining CEO Resigned..."
Thursday, August 13, 2009
Rio Tinto has planned to invest over USD 300 million in diamond exploration in India over the next five years, a move that will increase India’s contribution to its diamond revenues from the current 65%. Curently, Rio Tinto sells rough diamonds to 10 customers in India. Counting indirect sales, India accounts for around 80-85% of [...]
Read the full article: "Rio Tinto will Invest $300 for Diamond..."
Tuesday, August 11, 2009
Post global slowdown scenario, Surat’s diamond industry is gaining momentum in demand from the domestic, international and emerging markets like China. For full story, click here
Read the full article: "Surat’s Diamond Industry has recovered..."
Tuesday, August 11, 2009
Rio Tinto has planned to invest over USD 300 million in diamond exploration in India over the next five years, a move that will surge India’s contribution to its diamond revenues from the current 65%. For full story, click here
Read the full article: "Rio Tinto has planned to Invest $300 for..."
Monday, August 10, 2009
Diamond Exploration Inc. declared the Board of Directors has appointed Mr. Sabino Di Paola, C.A., as Chief Financial Officer for the Company. Mr. Di Paola has several years experience working with two national audit firms as an auditor. He also brings with him an expertise in Canadian accounting and auditing standards. For full story, click [...]
Read the full article: "Diamond Exploration declared appointment of..."
Monday, August 10, 2009
Stornoway Diamond Corporation declared the discovery of a new kimberlite in the Coronation Gulf/North Slave Diamond District of Nunavut. For full story, click here
Read the full article: "Stornway Declared Discovery of Hammer..."
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Friday, August 21, 2009