Alexkor to Restructure, Eyes New Ventures in Southern Africa
Mining Weekly reported Alexkor said it will restructure in a bid to reap greater dividends from its current operations.
Articles Tagged "africa"
Sierra Leone’s Diamond and Gold Shipments Rise in May
Bloomberg reports that Sierra Leone's shipments in diamonds rose to 19 percent to 33,450 carats in May.
Diamcor Mining Inc. – Production Focused Mining Company
Diamcor Mining Inc. (CVE:DMI) is a junior diamond mining company focused on the identification, acquisition, and operation of quality projects with the potential for near-term production. Diamcor recently acquired the Krone-Endora at Venetia Project from DeBeers, directly adjacent to DeBeers' flagship Venetia Diamond Mine, the third largest diamond mine in the world.
Stellar Diamonds Strategic and Operational Update
Stellar Diamonds (AIM:STEL) announced it has decided to accelerate its hard rock kimberlite projects in West Africa.
Namibia Diamond Output Up in 2010
Reuters Africa reported that Namibian diamond production jumped 57 percent in 2010, while uranium production declined marginally.
Namakwa Secures USD15m Loan From Private Investor
Namakwa Diamonds Ltd. (NAD), an integrated diamond resource group focused on diamond mining and beneficiation across Southern Africa has announced that the company has already secured a $15-million loan from a private sector at a fixed rate of 8.5 percent per annum. Namakwa’s Chief Executive Nico Kruger is quoted saying: “By securing debt finance at [...]
Diamonds: New Economic Powers Fight for Control
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.
Stellar Takes Over Petra’s Sierra Leone Diamond Project
Stellar Diamonds PLC, mainly West Africa-focused, has now acquired Petra Diamonds’ Kono kimberlite project in diamond-rich Sierra Leone. Stellar CE Karl Smithson is quoted saying: “This is in line with the company’s growth strategy focused on the development of its kimberlite projects in West Africa. We also welcome Petra as a significant shareholder in Stellar [...]
Kimberley Process Under Pressure
New pressures are being put on the Kimberley Process Scheme to deal with human rights violations from the Marange and Chiadzwa diamond fields. Zimbabwe’s refusal to deal with the issues and work with Kimberley Process officials may threaten to derail the organization.
Diamond Sparkles: Juniors Jump
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.
