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.
The Australian’s John Arlidge wrote that times are tough for diamonds and the people who dig them. The editorial states: De Beers has been so hard hit by the recession that it almost went bust. The Oppenheimers have had to come up with £370 million personally to save the family firm, as part of a £620m [...]
Helped by increased demand in 2010 for luxury goods after a abysmal year in 2009. The increased revenues from rising diamond prices and demand, many companies are increasing production. Alrosa mulls over an IPO by the end of 2011 worth upwards of $2 billion.
Reuters.com reports that, while De Beers expects diamond prices to rise, they will not be as robust as in 2010
Mining Weekly.com reports that De Beers and Mountain Province Diamonds (AMEX:MDM) have filed an environmental impact statement for their project in the NWT.
Israeli Diamond Portal.com reports that De Beers Diamond Company apparently knows nothing of a Anglo American's (LON:AAL) plans to take them over.
Mineweb.com reports that Anglo American Corporation (LON:AAL)is possibly considering purchasing a 40% stake in DeBeers.
The Botswana Gazette.com reports that Debswana Mining is anticipating a large increase in costs with their Cut 8 project.
Mining Review.com reports that the Jwaneng diamond mine, one of the richest diamond mines in the world, will likely have it's lifespan extended beyond 2024. The mine is equally owned by de Beers and Botswana.
Surat Rough Diamond Sourcing Limited (SRDS), a company set up to source rough diamonds for local manufacturers, has requested that Zimbabwe supply it with $100 million worth of Marange diamonds each month. “We request minister Mpofu and the government of Zimbabwe to facilitate the supply of rough diamonds, on a regular monthly basis, to the [...]
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