De Beers Consolidated Mines Ltd (DBCM) has announced its intention to invite expressions of interest from mining companies regarding a disposal process it is initiating in respect of its Jagersfontein Diamond Property in the Free State
The mine, operated from 1870 to 1971, producing a Tailing Mineral Resource of just over 13 million tons at an [...]
Company News
De Beers places Jagersfontein Diamond Property on the Market
Africa
CNN Feature DebTech Developed Scannex Technology; Film at De Beers’ Voorspoed Mine
Enhancing airport security through Scannex diamond detection technology
18th March, 2010
Following an attempted terrorist attack against an aircraft flying to Detroit in the US on 25 December 2009, significant interest was shown by stakeholders internationally in the application of De Beers proprietary Scannex technology to airport security.
Scannex is an advanced X-ray scanning technology developed and assembled [...]
Industry Organisations
Israeli Diamond Industry Launches New ‘Responsibility is Good. Business.’ Campaign
The Israeli Diamond Industry’s annual press lunch at BASELWORLD held today, revealed the new strategic direction of the industry for 2010. Israel Diamond Institute Group of Companies (IDI) Managing Director Eli Avidar introduced the new campaign: “Responsibility is Good. Business”.
The lunch took place at the Basel Convention Center, in the Osaka – Samarkand Congress Room. [...]
Industry Organisations
Speech by Israel’s Deputy Minister of Industry, Trade & Labor at IDI BASELWORLD
It is my pleasure to address all of you on this special occasion of the IDI’s annual press conference.
No country has been left untouched by the global economic crisis. The Israeli economy also felt the repercussions of the international economic downturn, with rising unemployment, decreasing exports and a total decline in productivity. After 4 consequent [...]
Company News
Board of Russian Diamond Miner Alrosa Recommends No Dividends Payments for 2009
In connection with the difficult economic situation stemming from the crisis in the global diamond market, as well as a significant amount of capital investment in construction of underground mining, the Board of Russian diamond monopoly Alrosa has decided to propose to the company’s Supervisory Board to recommend to the shareholders’ meeting not to allocate [...]
Africa
37 Carat Fancy Yellow Diamond Recovered at Mandala Diamond Mine in Guinea
Stellar Diamonds plc, the London listed (AIM:STEL) diamond mining and exploration company focused on West Africa, has provided a progress update on its operations following the successful Reverse Takeover of West African Diamonds plc.
Mining at the 100% owned Mandala diamond mine in southeast Guinea has produced 64,800 carats at a grade of over 42 carats [...]
Africa
Firestone Diamonds Intends to List on Botswana Stock Exchange
Firestone Diamonds plc, the AIM-quoted diamond mining and exploration company (ticker: AIM:FDI), intends to apply for a secondary listing of shares in the Company on the Botswana Stock Exchange and has appointed Capital Securities of Botswana as Sponsoring Broker in relation to the proposed listing. The secondary listing application is expected to be made [...]
Americas
CPSC Issues Warning on Children’s Winter and Holiday-Themed Charm Bracelets with High Levels of Cadmium
The U.S. Consumer Product Safety Commission is warning consumers about a certain type of Children’s Metal Charm Bracelets, and advising consumers to stop using the products immediately.
Importer: Buy-Rite Designs, of Freehold, N.J. (The firm is no longer in business.)
Hazard: The bracelets contain high levels of cadmium. Laboratory analysis determined that following a 24-hour incubation in [...]
Exploration & Mining
Russia’s Alrosa Signs Agreements with Rosy Blue, Diamond India and Ratilal Becharlal for $490 Million
ALROSA has signed three-year supply agreements with the Indian diamond manufacturers Rosy Blue, Diamond India Ltd. and Ratilal Becharlal & Sons for the amount of about US$490 million, in terms of the current market prices.
The contracts provide that the range and prices of the rough goods to be supplied will be agreed upon by the [...]
Americas
Rachel Hunter Debuts Fine Jewelry Line on GemsTV
Supermodel and actress Rachel Hunter has featured live on Gems TV to debut her Demeter line of fine jewelry. Ms. Hunter has worked with award winning designer Steven Zale of Zalemark, Inc. to put together a line of elegant jewelry in genuine colored gemstones exclusively for GemsTV. This stunning gold jewelry line [...]
Africa
IMF Technical Assistance Helping African Countries Step Up Measures Against Money Laundering and Terrorist Financing in the Gold and Diamond Sectors
The International Monetary Fund (IMF) is helping 16 African countries step up their fight against money-laundering and the use of their lucrative gold and diamond industries to fund terrorism through a range of technical assistance programs and seminars targeted at helping countries address institutional weaknesses. In the last few years, a [...]
Africa
Firestone Diamonds Selected by Namdeb for new toll treatment project
Firestone Diamonds plc,the AIM-quoted diamond mining and exploration company (ticker: AIM:FDI), has been selected by Namdeb Diamond Corporation as the preferred supplier and operator for the Dredge and Floating Treatment Plant project at Namdeb’s diamond mining operations on the south west coast of Namibia. Namdeb is a joint venture between the Government of the [...]
