Tshokolo Modise, a 40 years old black farm worker was shot and killed by his white male supervisor at a Kronpan diamond mine near Schweitzer Reneke in South Africa. Police are investigating a case of murder after arresting a 21 year old male suspect at the scene of the crime. The suspect who is held [...]
Over 800 Carats Recovered From Bulk Sampling at Lace Diamond Mine in South Africa
DiamondCorp, the southern African diamond mining and exploration company, has completed bulk testing of the Lace Satellite Pipe at the Lace diamond mine in South Africa. Some 11,380 tonnes of kimberlite treated for the recovery of 808.21 carats of diamonds. This represents a recovered grade of 7.1 carats per hundred tonnes (cpht) compared with a zero grade assigned to the Satellite Pipe in the company’s resource [...]
Krone-Endora Technical Report: Inferred Resources of 1.3 Million Carats
Diamcor Mining Inc. has received the required NI43-101 independent technical report for the Krone-Endora Alluvial Diamond Project. The Company, through its subsidiary DMI Minerals South Africa (Pty) Limited, and in conjunction with its 30% Black Economic Empowerment partner Nozala Investments (Pty) Ltd., is in the process of finalizing its acquisition of the Krone-Endora Project from [...]
Rockwell Says Diamond Prices Strengthening as Average Price Per Carat Rises 75% From Previous Quarter
Rockwell Diamonds Inc. produced 4,021.74 carats at the Holpan/Klipdam and Saxendrift operations in South Africa in the three month period ended May 31, 2009. Some 5,116.29 carats were sold at an average price of US$554.79 per carat, up 75% from the low of US$318 per carat obtained in the previous quarter. The average price per [...]
NUM Describes Negotiations with De Beers as ‘Best we Have Seen So Far’
South Africa’s National Union of Mineworkers (NUM) and De Beers Consolidated Mines Limited (DBCM), with the DTC South Africa – a Division of De Beers Group Services, have reached an agreement after intensive and constructive negotiations on the wage increments for 2009. The parties agreed to a 9% increase for all employees in the bargaining [...]
KIG Mining Secures €10 Million Credit Line; To Bring South African Diamond Project Into Full Operation
KIG Mining Plc has secured access to a €10 million line of funding. Under an agreement signed on 7 July 2009, GEM Global Yield Fund Limited, the UK based private investment group, has agreed to provide KIG Mining Plc with €10 million over the next three years in the form of an equity line of [...]
Diamcor Closes Sales Of So Ver Land
Diamcor Mining Inc. has completed the Sale of Land Agreement for a portion of the landholdings held in the Company’s So Ver Mine (Pty) Ltd. The SOL Agreement for landholdings measuring 513.9192 hectares was exclusive of the mining licences and rights for the area which the Company still holds, allowing it, or a new potential [...]
South African Police Inspectors Arrested in Affair Involving Fake Diamonds
Two police inspectors in the South African Police Service (SAPS) have been arrested on charges including kidnapping, extortion and corruption, in an affair involving fake diamonds. The arrests result from an investigation by the police, following an incident where a person who advertised his vehicle for sale was lured into a deal with the suspects. [...]
Report: Value of Diamond Deals Down 73%
Metals Economics Group’s (MEG) recent Strategic Report points to a 73% decline in total acquisitions spending on diamonds—$210.5 million in 2008-09 compared with $760.2 million in 2007-08. A total of 19.7 million carats in resources changed hands in 2008-09, a 91% decrease from 208.4 million carats in 2007-08. Diamond transactions of at least $1 million [...]
Namakwa Diamond Production Up 114%
Namakwa Diamonds Limited’s diamond production reached 4,200 carats in the quarter beginning 1 March 2009 representing a quarter-on-quarter increase of 114%. Namakwa’s mining activities in the North West region continue at the Northern Node on a cash positive basis, while all other sites in the region remain on care and maintenance. Two DMS plants commissioned [...]
Petra Production Tops 1.1 Million Carats
Petra Diamonds Limited has achieved its stated objective of increasing annual production to over 1 million carats for the year ended 30 June 2009 with the production of 1,108,815 carats, recording a five-fold increase over the previous financial year (200,287 carats). The net increase in production and sales is largely due to the Cullinan mine [...]
South Africa’s NUM Tables Wage Demands with De Beers
South Africa’s National Union of Mineworkers (NUM), which represents the majority of workers at diamond giant De Beers in the country, has tabled its demands with De Beers. The NUM demands that De Beers should offer its employees a 15% wage increment and ensure that the lowest paid workers get a minimum of R5,000 ($623) [...]