Articles Tagged "production"

Diamcor Mining Inc. – Production Focused Mining Company

Diamcor Mining Inc. (CVE:DMI) is a junior diamond mining company focused on the identification, acquisition, and operation of quality projects with the potential for near-term production. Diamcor recently acquired the Krone-Endora at Venetia Project from DeBeers, directly adjacent to DeBeers' flagship Venetia Diamond Mine, the third largest diamond mine in the world.

Diamcor Mining Inc. – Production Focused Mining Company

Global Diamond Output +7% In 2008

Global diamond production surged 6.7 percent by value in 2008 despite a slowdown in output by mining companies toward the end of the year. Production increased to $12.7 billion during the year, compared to $11.9 billion in 2007, as per data published by the Kimberley Process on its statistics Website. For full story, click here

Frosty view on SA’s diamond industry

Research group Frost & Sullivan declared that it has taken a gloomier view than other diamond industry commentators in forecasting a long downturn in commodities demand and SA’s diamond production dipping until 2011. For full story, click here

De Beers subsidiary Namdeb cuts production

Namdeb, a Namibian subsidiary of world diamond mining giant De Beers, reported on Tuesday that it will put its employees involved in diamond mining on paid leave for at least three months to cut costs. For full story, click here

Emotions play into diamond market

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.