Prime Minister of Zimbabwe Morgan Tsvangirai has called for private investment in diamond mining, saying the country faced a real threat of being banned from dealing with diamonds if the chaos, looting and militarization of Chiadzwa diamond fields persists. For full story, click here
De Beers Canada, the Canadian subsidiary of diamond mining giant, declared in a statement that during 2008, it has spent $295.9 million developing the Snap Lake diamond mine, bringing its total investment in the mine to $1.235 billion. De Beers Canada Chief Operating Officer Chantal Lavoie stated: In 2008 we finished construction and commissioning of [...]
Jindal Steel and Power Ltd, the diversified domestic steel producer, on Tuesday said it will invest up to USD 20 million . For full story, click here
The day after Thanksgiving has long been known as “Black Friday”, a moniker that denotes the fact that it is on that day that retailers go from being in the red, to the black. Many stores open as early as 4 am, coaxing shoppers through their doors with ‘once a year’ sales.
Angola could become the world’s third biggest diamond producer by 2010 on the back of new mining concessions and strong investment in the industry. For full story, click here
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