De Beers suspended production at its diamond mine venture in Botswana since the start of the year because sales declined. Sheila Khama, chief executive officer of the company’s Botswana business, said: The mines, the source of half of De Beers’ supply of rough diamonds and almost a quarter of the world’s by value, sold no diamonds [...]
The government was in discussions with Petra on increasing production at the mine to 500,000 carats a year from 200,000 carats, and eventually to 1 million carats a year. For full story, click here
canada is the third- biggest diamond producing nation and the seventh-largest producer of gold. 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
DiamondCorp Plc, which is based in London, said it stopped processing mining waste because extracting gems that way isn’t profitable. For full story, click here
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.
Mining Weekly reports that the Namibian diamond producer, Namdeb, and De Beers Marine Namibia have announced that they will immediately reduce diamond production for the remainder of this year and early 2009. For full story, click here
Namibian diamond producer, Namdeb, and De Beers Marine Namibia have announced that they will immediately reduce diamond production for the remainder of this year and early 2009. 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.
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