Diamonds

Alrosa underpins positive diamond sentiment

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Major Russian diamond producer Alrosa is upbeat on medium-term prospects for the rough diamond market but there are short-term worries over price volatility and the situation at Marange in Zimbabwe.

KCM investors pencil in August showdown

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The diamond group's shareholders are determined to vote out the board and restore value, possibly with the help of Phillip Dexter, a member of an opposition party in South Africa's parliament.

Namdeb workers to down tools over wages

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Workers at diamond producer Namdeb, a 50-50 joint venture between De Beers and the Namibian government, plan to strike from Monday over pay, the company says.

DiamondCorp ups size of diamond target

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DiamondCorp has reported an increase in the size of the geophysical target at one of the prospecting areas making up its Jwaneng South Project in Botswana.

Gem ban ‘punishing’ Zimbabweans

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Zimbabwe's finance minister says a blockade on diamond exports is effectively 'punishing the people of Zimbabwe', and that it should be dropped.

Diamond juniors push ahead with Botswana projects

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Both African Diamonds and Firestone Diamonds are getting stuck into their new diamond mining projects in Botswana.

Rockwell recovers big stones at Holpan, Saxendrift

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Rockwell Diamonds says that during April and May it recovered three large gemstone diamonds from its Holpan and Saxendrift operations.

DiamondCorp earnings slump 47pct

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Emerging diamond producer DiamondCorp has reported a 47% drop in headline earnings per share to 6.15 pence for the year to end December 2009 from 11.55 pence a share previously.

Thabex applies for suspension

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Thabex, the junior mining and exploration company, has made an application for the voluntary suspension of its listing on the JSE with immediate effect.

Remgro to unbundle investment in Trans Hex

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Investment group Remgro has approved the unbundling of its investment in diamond miner Trans Hex.