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Diamonds
 
DIAMONDS

Petra Diamonds' No 2 shareholder dumps 70% stake in miner

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Petra Diamonds said its second-largest shareholder sold more than two-thirds of its stake in the diamond miner through a placement at a discount of 12% to the stock's Monday close. The stock was down 11% at 193.25p at 1042 GMT on the London Stock...
29th July 2014
 
 
GOLD

Gold, diamonds feed Central African religious violence

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Three young rebels, their AK47s propped against wooden stools in the afternoon heat, guard the entrance to the giant Ndassima gold mine carved deep into a forested hilltop in Central African Republic. Sat in a thatched shack at the edge of a muddy...
29th July 2014
 
 
DIAMONDS

Gem Diamonds lifts Letšeng FY guidance after ‘exceptional’ H1 performance

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Letšeng mine London-listed Gem Diamonds has upped the full-year production guidance for its 70%-owned flagship Letšeng mine, in Lesotho, from between 90 000 ct and 95 000 ct to between 95 000 ct and 100 000 ct, saying on Tuesday that the mine had delivered an...
29th July 2014
 
 
DIAMONDS

Petra Diamonds 2014 output exceeds guidance

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LSE-listed Petra Diamonds increased its production for the 2014 financial year by 17% to 3.11-million carats – above market guidance of 3-million carats. The increase in production was mostly owing to production increases at its Finsch mine, in...
28th July 2014
 
 
DIVERSIFIED MINERS

Anglo CEO backs Ramaphosa’s strike ballot comments

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The introduction of a strike ballot process as suggested by Deputy President Cyril Ramaphosa would be a great step forward for industrial relations in South Africa, Anglo American CEO Mark Cutifani said on Friday. Cutifani was responding to a...
25th July 2014
 
 
FINANCIAL RESULTS

Anglo delivers ‘pleasing’ results despite headwinds

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Mark Cutifani Despite the headwinds faced by diversified miner Anglo American during the first half of the year, the group had delivered a “pleasing” performance at all its operations barring platinum. Anglo American CEO Mark Cutifani on Friday said the...
25th July 2014
 
 
Diamonds

US miner receives $500 000 investment

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SHINE ON BMIX is selling a portion of its production as polished diamonds, at much higher margins than rough diamonds California-based mining company Brazil Minerals (BMIX) announced in May that it received $500 000 when it sold Gemological Institute of America- (GIA-) graded diamonds, common stock and two-year options to four investors. The GIA-graded diamonds...
25th July 2014
 
 
EXPLORATION

Transition Metals and Nunavut Resources add prospective land to portfolio

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Canadian project generator Transition Metals on Wednesday announced that 433 km2 of high potential gold and base metal exploration properties had been acquired in Nunavut through its strategic alliance partnership with Nunavut Resources...
23rd July 2014
 
 
 
 
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