Anglo American Nets Big Profits in Diamonds, Coal
CNBC reported Anglo American Plc. (LSE:AAL,JSE:AAL) saw an increase in profits mostly in its diamond and coal sectors.
CNBC reported Anglo American Plc. (LSE:AAL,JSE:AAL) saw an increase in profits mostly in its diamond and coal sectors.
Afri-Can Marine Minerals Corporation (TSXV:AFA) announced it has been approved to acquire 20% of shares from Thyme Investments, the owner of the 3403 marine diamond concession in Namibia.
Bloomberg reported BHP Billiton Ltd. (ASX:BHP,NYSE:BHP) may leave the diamond industry for at least 20 years as it focuses on larger projects.
Mining Weekly reported Trans Hex (JSE:TRH) is averaging $952 a carat for rough cut diamonds reflecting a higher demand in the market.
Mining Weekly reported Rockwell Diamonds (TSX:RDI) has consistently exceeded its carat expectations at its alluvial mine.
Mining Weekly reported Rockwell Diamonds (TSX:RDI,JSE:RDI) is hopeful of a positive profit margin and steady sales in 2012.
Bloomberg reported an expected increased demand for diamonds from China will keep miners in Angola in business in 2012.
SMH reported analysts are predicting BHP Billiton (NYSE:BHP) will get less than $500 million for its Ekati diamond project in Canada.
Reuters UK reported shareholders at Anglo American (LSE:AAL) gave their final approval for the purchase of De Beers.
Mineweb reported 99.94% of shareholders voted in favor of Anglo American's (LSE:AAL) $5.1bn acquisition of De Beers.
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