Venezuela is seeking a loan to help develop its gold and diamond mining sector, to be partially paid with the mineral output of the projects. For full story, click here
Diamond output from Australia surged by 9 percent to 18.022 million carats during the current fiscal year ending June 30, 2009, reports say, of which, 92 percent was exported. For full story, click here
South Africa’s diamond output slipped 62 percent by volume in April 2009 compared with one year ago, according to a report by Statistics South Africa. For full story, click here
Anglo-Australian miner Rio Tinto PLC has declared a cut in diamond output 20% as it tries to avoid the division swinging to a loss, its chief executive for copper and diamonds, Brett Clayton. For full story, click here
According to Anglo American Plc., De Beers, the world’s leading diamond producer, slashed first-quarter output by 91 percent, as the world economic slump cut demand for luxury goods. For full story, click here
The country of Botswana, which is the world’s top producer of diamonds, will cut output this year. A dipping demand for gems has persuaded the De Beers and Debswana companies, which control the diamond trade, to produce 15 million carats of diamonds this year compared to 33.6 million carats last year. For full story, click [...]
BHP Billiton temporarily cuts output at 60 pct-owned Samancor operation. For full story, click here
Friday, July 3, 2009