Petra Diamonds Limited has announced the completion of its acquisition of the mining and association of assets with De Beers Consolidated Mines Limited. The assets were previously used by De Beers in the operation of the Kimberley Underground diamond mines in Kimberley, South Africa. Petra and De Beers entered into the agreement for the sale [...]
Namibian diamond producer Namdeb Diamond Corporation (Pty) Ltd (Namdeb) has reported a decline on consumer demand in 2009 but expects recovery this year. Namdeb is quoted saying: “Consumer demand for diamond jewelry is beginning to recover, driven in part by the strength of the developing markets of China and India.” Click here to access the [...]
Stoneshield Capital Corp (TSX Venture:STS) has announced that it has commenced the Tabisco gold/silver exploration as well as an update on the three first-round diamond drill holes. The diamond drill holes total to 587.5 metres of core encountered gold and silver mineralization in epithermal quartz veining from below detection up to 22.0 g/t Au and [...]
Goldstone Resources Inc. (TSX–GRC) (GRSZF-PK) has announced an update on its Beardmore-Geraldton area exploration in northern Ontario. The focus of the diamond drilling will be at the Key Lake property and is scheduled to begin on June 1. Goldstone is quoted saying: “Historical drilling by Cyprus Amax and Placer Dome in the 80′s and 90′s [...]
De Beers has released its 2009 annual “Report to Society.” It shows the company’s recent sustainability performance and the performance as well of the team players in the entire group of companies. Gareth Penny, chief executive of De Beers is quoted saying: “As we look forward to capitalizing on the opportunities of economic recovery we [...]
Jonathan Samkange, a lawyer for African Consolidated Resources of London, a London-based company, was summoned to a hearing after filing a suit in 2006 for the Zimbabwe government over rights to develop the Marange diamond. According to Samkange, Zimbabwe wants to silence him for allegedly releasing information about the state’s illegal activities in the Marange [...]
The Antwerp World Diamond Centre (AWDC), official representative of the Belgian diamond sector will hold pavillion for seven Belgian diamond companies on May 22-26. The trade show aims to give Belgian firms the optimism to invest in marketing in Europe. AWDC CEO Freddy J. Hanard says: “Italy is the long-established heart of the jewelry business [...]
DGSE Companies, Inc. (NYSE Amex:DGC), leading precious metal diamonds and jewelry wholesaler and retailer in the Southwestern United States, has reported a $131,151 loss in the March ending quarter of this year. President and Chief Operating Officer William H. Oyster is quoted saying: “The retail environment remains challenging. I am pleased to note that the [...]
The fight for control of natural resources is heating up between the two fastest growing economies. In a secret deal with Zimbabwe, the Chinese military has secured permits to mine the Marange diamond fields. India, looking to control its supply of rough stones for Surat’s cutting and polishing sector is looking to aide African Nations with medicines, and infrastructure projects.
Goldstone Resources Inc. (GRC) has released an updated on their diamond exploration in the Beardmore-Geraldton area of northern Ontario. The focus of the exploration in Key Lake property is a total of 15,000m of diamond drilling. Goldstone Resources is a well funded gold exploration and development company formed by Ontex Resources and Roxmark Mines. Aside [...]
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