Troubled diamond exploration company BRC Diamondcore declared that it would be appealing the order handed down in the Northern Cape High Court for the liquidation of the TSX- and JSE-listed company’s wholly owned Diamond Core Resource subsidiary in South Africa. For full story, click here
Botswana sightholder Rand Diamonds, a subsidiary of US luxury jewelry retailer Tiffany & Co., has stated that it will go ahead with expansion plans of its Botswana diamond operations. For full story, click here
Archangel Diamond Corp the core owner of which is De Beers declared that it is resuming litigation over the rights to the Verkhotina diamond field and seeking damages following the termination of a deal to acquire 49.9% of Lukoil subsidiary Arkhangelskgeoldobycha. For full story, click here
Kopane Diamond Development’s 75% owned subsidiary, Liqhobong Mining Development, reported US$3.1m in H1 sales. For full news, click here
Monday, July 6, 2009