Gemfields announces $15m interim payout, seeks approval for $10m share buy-back
GEMFIELDS today declared an interim dividend of $15m following "sparkling" results which CEO Sean Gilbertson colourfully remarked were akin to pulling "a very well-groomed...
Russia’s Alrosa discovers 22 new diamond deposits in Zimbabwe, says Mnangagwa
ALROSA, Russia's diamond mining firm, has discovered 22 new diamond deposits in Zimbabwe, said Bloomberg News citing the comments of the southern African country's president,...
Updated: Second dam burst at Jagersfontein mine denied by owner
A SECOND dam burst at the Jagersfontein diamond mine in South Africa's Free State, according to a report by BusinessLive citing eNCA, a broadcaster.
However,...
Gemfields doubles interim profit as auctions return to normal service
GEMFIELDS said in a trading statement today it expected to report a taxed interim profit of $56.7m for the period ended-June 30 after its...
Gemfields set for fresh record emerald sales from Zambia mine Kagem
GEMFIELDS confirmed it was set for best ever emerald sales from its Zambia mine, Kagem following nearly three weeks of auctions from August to...
Petra Diamonds unveils intention to pay dividends, capping three year turnaround
PETRA Diamonds capped a dramatic three year turnaround in fortunes announcing today its intention to pay dividends, most likely in the current financial year...
Jagersfontein mine owner Stargems says tailings facility was “safe and secure”
THE owner of the Jagersfontein diamond tailings dam which burst on Sunday killing at least three people said that the assets "were safe and...
Three killed after tailings dam at Jagersfontein diamond mine in Free...
* At the time of writing this headline was correct. However, the Minerals Council South Africa has since confirmed one dead as a result...
Petra, a diamond miner hit twice by the illegal mining scourge
LONDON-listed Petra Diamonds provides a good example of what can happen to a mining company when it gets hit by widespread illegal mining on...
After nearly going bust, the future couldn’t look any brighter for...
WHEN three of South Africa's wealthiest families engage in some discreet business dealings, it's perhaps worth taking a second look. In September last year,...