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Diamonds
 
DIAMONDS

Hawks crack down on more illicit diamond dealers

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The Hawks expect to arrest more people linked to a multi-million rand illicit diamond dealing syndicate, spokesperson Paul Ramaloko said on Tuesday. "The operation continues, which includes raids and seizures. At least 35 people are targeted...
26th August 2014
 
 
DIAMONDS

N Cape diamond syndicate cracked

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A number of businessmen believed to be part of a syndicate dealing in diamonds were arrested in Kimberley, Northern Cape on Friday, the National Prosecuting Authority (NPA) said. "In a sting operation carried out by a multi-disciplinary project...
25th August 2014
 
 
CAPITAL RAISING

Kimberley raises cash for Botswana mine restart

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ASX-listed Kimberley Diamonds on Friday announced that it would be undertaking a non-renounceable pro-rata rights issue to raise nearly A$10-million. Eligible shareholders in Australia and New Zealand would be able to purchase one new share for...
22nd August 2014
 
 
DIAMONDS

Gem Diamonds on track for maiden dividend

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Letseng A strong first-half financial and operational performance by London-listed Gem Diamonds “bodes well” for a maiden dividend in March. The diamond miner ended the six months to June with a cash position of $114-million – a jump from the...
20th August 2014
 
 
LABOUR

NUM to fight retrenchments at Petra Diamonds

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The National Union of Mineworkers (NUM) has vowed to fight retrenchments at Petra Diamonds' Helam mine in North West, the union said on Tuesday. "We will fight tooth and nail to make sure that these retrenchments do not happen," chief negotiator...
20th August 2014
 
 
DIAMONDS

Dominion Diamond Corp’s Q2 output ahead of plan

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Canadian precious gem producer Dominion Diamond Corp on Tuesday said output from its two producing mines, in Canada’s Northwest Territories, was “substantially ahead of plan” owing to higher-than-expected grades and boosted by operational...
19th August 2014
 
 
DIAMONDS

Tongo final bulk sample grade 49% higher than previous estimates

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The final bulk sample grade at Aim-listed diamond development company Stellar Diamonds’ Tongo kimberlite project, in Sierra Leone, has exceeded 178 carats per hundred tonnes (cpht), a 49% increase on the 120 cpht applied in the current resource...
19th August 2014
 
 
DIAMONDS

Petra Diamonds expects 3% more output, ups capex 19%

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Petra CEO Johan Dippenaar London-listed Petra Diamonds on Monday announced a scope change at its Finsch diamond mine in the Northern Cape, which brings forward by three years higher levels of undiluted production from a sub-level cave project. Petra CEO Johan Dippenaar...
18th August 2014
 
 
 
 
 
 
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