Petra Diamonds, the AIM-listed mid-tier diamond exploration, development and production with all of its operations in southern Africa announced that three of its senior directors had agreed to acquire about 4.1 million shares in Petra from BHP Billiton. For full story, click here
Continue reading "Petra Diamonds agreed to acquire about 4.1 million shares"
Tuesday, March 24, 2009
Australia’s Mines Minister Norman Moore has declared that BHP Billiton promised to improve its safety record after the fifth mining fatality in Western Australia in the past eight months. For full story, click here
Continue reading "BHP Billiton promised to improve its safety record"
Tuesday, March 10, 2009
Traders, cutters, and retailers are all warning that the diamond business’ struggles will cause a restructuring of the entire industry.
Continue reading "Diamond industry warns of drastic change"
Wednesday, January 21, 2009
As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August
Continue reading "Around the globe, diamond exports drop"
Tuesday, January 6, 2009
BHP Billiton temporarily cuts output at 60 pct-owned Samancor operation. For full story, click here
Continue reading "BHP Billiton temporarily cuts output"
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Tuesday, April 14, 2009