Bloomberg reported that the Democratic Republic of Congo and China’s Anhui Foreign Economic Construction Group created a joint venture to mine diamonds in the province of Eastern Kasai and have decided to take the company public.
Articles Tagged "diamond mine"
Harry Winston Diamond Corporation (TSX:HW, NYSE:HWD) announced that it has updated its reserve and resource statement for the company owned Diavik Diamond Mine.
Bloomberg reported that De Beers SA, which is 85% owned by Anglo American Plc, will invest $2.3 billion to construct an underground diamond mine in South Africa, below its Venetia-open pit operation.
Bloomberg reported that the world’s biggest diamond producer, De Beers, said it is very confident that it will find a substantial gem deposit in a concession near Lucapa in the Lunda North province, in Angola.
The Street reported Russian scientists are claiming that a gigantic deposit of industrial diamonds found in a huge Siberian meteorite crater during Soviet times could revolutionize the industry.
CNBC reported on the similarities of diamonds and gold asking if an exchange traded fund for diamond should be created.
Mineweb reported India's diamond export and import industry experienced tremendous losses of 44% and 20% respectively in May, but is expected to recover on increased demand as evidenced by an increase in April.
Mining Weekly reported De Beers has decided not to bid for BHP Billiton's (NYSE:BHP) Ekati diamond mine.
Bloomberg reported Russia's OAO Lukoil (LSE:LKOH) plans to invest $1 billion in a diamond mine challenging OAO Alrosa's monopoly.
Bloomberg reported Harry Winston (TSX:HW), KKR (NYSE:KKR) and Apollo (NYSE:APO) are may bid on BHP's (ASX:BHP,NYSE:BHP) Ekati diamond mine.