Diamond Management & Technology Consultants, Inc. (DTPI 8.57, +0.48, +5.93%) , has released its fourth quarter and fiscal year 2010 results. According to the press release the firm’s net revenue was $50.3 million as compared with its $45.5 million in the third quarter of fiscal year 2010 and $35.9 million in the fourth quarter of [...]
In 2008, as the bleak economic outlook deepened, there were significant repercussions for the diamond industry. Early on in the downswing it seemed that the industry would withstand the economic current. However, under close examination it was apparent that a storm was brewing.
AIM-listed miner Petra Diamonds can keep the 75 percent stake in Tanzania’s Williamson diamond mine it bought in 2008, the east African country’s energy and minerals minister said on Wednesday. For full story, click here
London-listed Petra Diamonds Limited has now declared that regulatory approval for the controversial acquisition of the Williamson diamond mine in Mwadui, Shinyanga Region is ’imminent.’ For full story, click here
Namibia’s largest diamond miner, Namdeb, Monday maint ained that its balance heet was healthy, dismissing speculations that it had re q uested a bailout from government to strengthen its cash flow. For full story, click here
South African diamond mining company DiamondCorp plc has been granted the mining right for the Lace diamond mine after all the relevant documentation was executed with the Department of Minerals and Energy (DME). For full story, click here
Angola’s Catoca mine, the fourth-biggest diamond mine in the world, is to reduce production for this year. For full story, click here
Angola’s Catoca mine, the fourth-biggest diamond mine in the world, is to reduce production for this year. For full story, click here
Mexivada has been given clearance to mine diamonds in Sierra Leone by the Gbense Chiefdom of the Kono diamond-mining district. For full story, click here
The Botswana government has no plans to lend money to its bleeding diamond, mining industry amid the effects of the financial crisis, Mmegi Online reported. For full story, click here
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