Anglo American Plc mining group declared on Tuesday that they will retain their 45 percent stake for long term in the world’s top diamond producer – De Beers. They do not have any plans to sell Tarmac.
Read the full article: "Anglo American Plc retains stake in De Beers"
Tuesday, October 27, 2009
Can the diamond market look forward to a complete recovery by end-2010? There are some in the sector who express confidence that the worst is over, and that prices for uncut as well as polished, have bottomed out. 2010 looks good, they say. Yet there are others who differ in opinion.
Read the full article: "Will diamond recover by 2010?"
Monday, October 26, 2009
Diamond Frank Exploration Inc. (TSX VENTURE:DOD) announced that on October 20, 2009, a grant of 300,000 options to directors and consultant was approved by the Board of Directors.
Read the full article: "Diamond Frank Grants Options"
Thursday, October 22, 2009
Diamondex Resources Ltd., (TSX VENTURE:DSP) and Triex Minerals Corporation, (TSX VENTURE:TXM) today announced the companies have entered into a definitive Arrangement Agreement through which they intend to combine to create a more diverse, multi-commodity company with a portfolio of established exploration properties located in Ontario, Saskatchewan, Alberta and northern Canada.
Read the full article: "Diamondex and Triex Agreement"
Thursday, October 22, 2009
Archangel Diamond Corporation (NEX BOARD:AAD.H) has been notified by the Stockholm Arbitration Tribunal that Uncitral Arbitration Case 074/2006 v. Arkhangelskoye Geologodobychnoe Predpriyatye has been terminated. The termination came without prejudice and each party.
Read the full article: "Archangel Diamond Corp. Stockholm..."
Thursday, October 22, 2009
Anglo American Plc, a mining group announced restructuring and that they plan to reduce their overhead staff by a quarter and save $120 million a year.Anglo has been crticized for their top heavy management structure. They will create seven new decentralised business units.
Read the full article: "Anglo American Plc. to cut overhead staff"
Wednesday, October 21, 2009
Global economic crisis has severely affected the diamond industry . However, the gem trade is gaining its glow and lustre through China’s status conscious customers. China’s grew nearly 13 percent to $300 million bolstering the global diamond trade at this critical hour.
Read the full article: "Growing market for Diamond in China"
Tuesday, October 20, 2009
Metanor Resources Inc. (TSX VENTURE:MTO) announced today new results of the ongoing drilling project on the Barry property which continues to extend mineralized zones of the Center Zone located between Zone 43 and the West Zone.
Read the full article: "Metanor Drills annouces new results on Barry..."
Tuesday, October 20, 2009
American Consolidated Minerals Corp. (TSX VENTURE:AJC) announced today the commencement of a two hole, 3,000 foot diamond drilling program in order to examine the deeper resource potential at its Toiyabe Project in North Central Nevada.
Read the full article: "American Consolidated starts Drilling..."
Thursday, October 1, 2009
The discovery of a 507 carat white diamond has proved to be encouraging news, not just for Petra Diamond which discovered the gem, but for the industry as a whole. Improving demand and positive announcements have had Canadian diamond juniors brushing themselves off from last year’s crash. The sparkle is back in the investors eye.
Read the full article: "Diamond Sparkles: Juniors Jump"
The Diamond Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
DiamondInvestingNews.com maintains a focus on Diamond exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
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Wednesday, October 28, 2009