Oraco Resources, Inc. (“Oraco”) announced today that it has acquired the contractual rights for the disposition of diamonds, gold, and any other minerals recovered in both the Zimmi Town, Pujehun District and the Gbense Tailings No. 5 reserve in the Koidu Town, Kono District of Sierra Leone through the acquisition of 100% of the ownership [...]
A diamond cutting and polishing school based in Harare, is set to open two additional schools in Bulawayo and Mutare before year-end, reports the Herald, Zimbabwe’s govt owned newspaper. “We opened our learning centre in Harare last year with the co-operation of MMCZ and due to the demand of such institutes we have decided to [...]
A credible international certification system is badly needed to ensure that minerals used to make tin, tantalum, tungsten, and gold are not fueling rape and violence in Congo, the Enough Project said in a report released today. The report, “Certification: The Path to Conflict-Free Minerals from Congo,” calls for an internationally accepted certification regime for [...]
Afri-Can Marine Minerals Corporation (“Afri-Can”) (TSX VENTURE:AFA) today summarized the results of its successful sampling program completed on April 19th, 2011 in the Exclusive Prospecting Licence (“EPL”) 3403 marine diamond concession in Namibia (see Map 1 attached). The first stage sampling program discovered three depositional features in the southern region and recovered 84 diamonds. The [...]
Petra Diamonds announces the following update with regards to the acquisition of the Finsch diamond mine in South Africa (“Finsch”) from De Beers Consolidated Mines Limited. As announced on 21 January 2011, completion of the acquisition was subject to a number of conditions precedent, the majority of which have now been satisfied. The only remaining [...]
The government of diamond-rich Zimbabwe has started evaluating proposals by foreign mining companies on how they intend to sell their majority shareholding to indigenous Zimbabweans, according to the government run press. The State had set May 9 as the deadline for foreign-owned mining firms to submit plans on how they intend to dispose of the [...]
Namdeb Diamond Corporation is pleased to announce its Results for the year ended 31 December 2010. Namdeb Managing Director, Inge Zaamwani-Kamwi announced that 2010 was an extraordinary year for Namdeb, considering that the global economy was in recovery mode, following the global economic crisis of 2009. Namdeb enjoyed strong price growth in 2010, and a [...]
Afri-Can Marine Minerals Corporation (“Afri-Can”) (TSX Venture: AFA) announces its initial diamond sampling program on the EPL 3403 Marine Diamond Concession in Namibia is complete, and the sampling vessel is back at the port of Luderitz.
The 2011 Presidents’ Meeting of the World Federation of Diamond Bourses (WFDB) concluded yesterday with the WFDB Africa Summit where ministers of mining from diamond producing countries in Africa discussed the current state of diamond mining and production in their countries, and specifically the rough diamond market. The WFDB Africa Summit was attended by leading [...]
Afri-Can Marine Minerals Corporation will close a non-brokered private placement totalling $2.5 million, of which currently $2.0 million has been committed, to acquire shares of Thyme Investment (PTY) Ltd (“Thyme”), the owner of the EPL 3403 Marine Diamond Concession in Namibia.
The Debswana Managing Director, Jim Gowans has called on the Company’s employees to pull together in 2011 and beyond, in order to ensure the realisation of the company’s mission of being the global benchmark diamond business. Gowans was speaking on Wednesday this week during his visit to Orapa and Letlhakane Mines, as part of his [...]
Abdoulie Janneh, Executive Secretary of the ECA, outlines steps for Africa’s long-term growth and economic development 27 October 2010 – African countries must mobilise domestic revenue and diversify their economies to supplement resources that flow into the continent from foreign aid, loans and investment to sustain growth during the global financial crisis, the head of [...]