De Beers has announced the creation of a new position – Resident Director and CEO of De Beers Botswana – and the appointment of Mr Neo Moroka to the role. Mr. Moroka, who was previously CEO of BP in Botswana and Minister of Trade and Industry, will be responsible for De Beers’ commercial interests in [...]
Diamcor C$1.75 Million Placement to be Used in Part to Fund Krone-Endora Diamond Deposit from De Beers Kept Open
Diamcor Mining Inc. says that its previously announced private placement currently underway, will be kept open in order to allow sufficient time for the completion and delivery of final transaction documents from various parties. All terms of the Private Placement financing will remain the same as previously announced. Proceeds from the Offering will be used [...]
AK6 Diamond Mine Expected to Come on Stream Next Year
John Teeling, CEO of diamond miner African Diamonds, says that the position of the company has greatly improved in recent months, with the uncertainty over the AK6 mine development gone. The AK6 diamond mine will be developed this year and is expected to come on stream in the last half of next year. African Diamonds’ [...]
Kopane Diamond Developments Enters in MoU For Liqhobong Diamond Project in Lesotho
Kopane Diamond Developments Plc. has entered into a non-binding Memorandum of Understanding (MOU) with an established mining company to develop its Liqhobong assets in Lesotho. It is planned that the parties will proceed to finalise terms of a binding joint venture agreement as soon as practicable. The principal terms of the MOU are as follows: [...]
Dolat Ventures Reports Increased Government Social Spending in Addition to New Mining Laws in Sierra Leone
Dolat Ventures Inc. (OTCBB: DOLV) says its subsidiary Dove Diamonds & Mining reported that there has been a rise in tax imposed by Sierra Leone on high-value diamond exports. The tax has been raised from 6.5 percent to 15 percent, on diamonds valued $500,000 and above. The imposition was put into effect as of December [...]
G L Rapoo Appointed as CEO of the South African Diamond and Precious Metals Regulator
G.L. Rapoo has been appointed as the Chief Executive Officer (CEO) of the South African Diamond and Precious Metals Regulator (SADMPR), during a cabinet meeting held in Pretoria, South Africa. The SADPMR was established to administer the Diamonds Act, 1986 (as amended) and the Precious Metals Act, 2005 (Act 37 of 2005). The SADMPR replaces [...]
South Africa Mining Report Forecasts that South Africa’s Mining Sector will Reach Value of US$37.38 Billion by 2014
There was an uptick of left-wing political rhetoric concerning the South African mining sector during November 2009, with the African National Congress (ANC)’s youth wing president, Julius Malema, once more calling for the nationalisation of South Africa’s mining assets. However, other ANC officials have dismissed Malema’s comments and it seems highly unlikely that the government [...]
VL Holdings to Act as Exclusive Distributor of Konoma Alluvial Diamond Operation in Sierra Leone re Agreement with Obtala Resources
Obtala Resources plc (AIM:OBT), which invests in and develops mineral assets,has signed a Distribution Agreement with VL Holdings Limited (VL), of Hong Kong, whereby VL will act as the sole distributor for the diamond production from the newly acquired Konoma alluvial diamond operation in Sierra Leone. Under the terms of the agreement VL will act [...]
Afri-Can Marine Agreement on Sampling Block J Marine Diamond Concession in Namibia with International Mining and Dredging Holding Amended
diamond news – mining news: Afri-Can Marine Minerals Corporation says that the agreement previously reported on December 10, 2009 regarding sampling of its 70%-owned Block J marine diamond concession in Namibia with International Mining and Dredging Holding Ltd. (IMDH) has been amended and has been approved by the TSX Venture Exchange. The salient features of [...]
World Diamond Council Calls for Increased Efforts by Kimberley Process Participants to Achieve Full Compliance in Zimbabwe
For more than a year, the World Diamond Council has voiced its concerns regarding allegations of human rights abuses in Zimbabwe and significant examples of irregularities concerning Kimberley Process compliance. Following agreement of the Working Plan, in November 2009, the World Diamond Council said the world would be watching closely and cautioned the Kimberley Process [...]
Petra Diamonds Says it is Insured for Such Losses After Multi Million Diamond Parcel was Stolen in Transit
Diamond News: Further to our December 25 report on a diamond parcel, containing nearly 15,000 carats of diamond and estimated to be worth nearly $2.9 million, that was stolen during transit to Antwerp, we can disclose the following details: The diamond parcel, containing just over 14,931 carats of diamonds, was exported by Williamson Diamonds Limited, which [...]
Rockwell Recovers Large Stones From Holpan and Saxendrift
Rockwell Diamonds Inc. (TSX: RDI; JSE: RDI; OTCBB: RDIAF) has recovered several large stones – plus-50 carats in size – from the Saxendrift and Holpan mining operations. Some of these large diamonds were produced prior to the short break for the holiday season, and others were recovered since operational start-up on January 8, 2010. They [...]