Tag Archive | "mining"

Emotions play into diamond market

Thursday, February 26, 2009

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.

Mexivada Begins Diamond Mining Near Koidu

Tuesday, February 17, 2009

Mexivada reported it has begun mining diamonds near Koidu Town, Sierra Leone. Mexivada also stated in its announcement that its partners have received a second artisanal mining license for diamond mining, which covers a one-acre site adjoining the first licensed area. For full story, click here

Govt considers buying diamonds from mining cos

Friday, February 13, 2009

Angola is considering acquiring diamonds from private companies operating in the country to help them overcome a sharp drop in prices, the a spokesman for state diamond company Empresa Nacional de Diamantes de Angola For full story, click here

Gold & Diamond mining is virtually nil in India

Monday, January 26, 2009

 India’s Gems and Jewellery (GJ) industry led predominantly by processing and gold consumption is losing lustre due to ongoing economic meltdown, according to a report. For full story, click here

Around the globe, diamond exports drop

Wednesday, January 21, 2009

As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August

In ’08, diamonds lost their luster

Wednesday, January 7, 2009

When 2008 started off, the world’s mining industry was in the mist of a boom, with never before seen prices being fetched for most of the metals, and miners raking in profits. With the way 2008 came to a close, it is hard to imagine that this was the scene just months earlier.

Venezuela Seeks Foreign Partners for Diamond Mining

Monday, December 29, 2008

Venezuela plans to seek out foreign partners for diamond mining ventures as part of a plan to industrialize the mineral-production process, the minister of basic industries and mining said. For full story, click here

Houston Lake Mining Completes Phase II Drilling on the Dubenski

Friday, December 26, 2008

Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that the Phase II 22 hole, 2,232m (7,321 ft.) diamond drill program has been completed in the vicinity of the Shaft Zone. For full story, click here    

Houston Lake Mining Completes Phase II Drilling on the Dubenski

Monday, December 22, 2008

Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that the Phase II 22 hole, 2,232m (7,321 ft.) diamond drill program has been completed in the vicinity of the Shaft Zone. For full story, click here

Houston Lake Mining Completes Phase II Drilling on the Dubenski

Thursday, December 18, 2008

Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that the Phase II 22 hole, 2,232m (7,321 ft.) diamond drill program has been completed in the vicinity of the Shaft Zone. For full story, click here

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