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Mining news: DIAMONDDe Beers to cut output from Canadian mines, citing demand dropTop diamond producer De Beers expects to cut back output at its two new Canadian mines by 10% to 20% because of a recent drop in demand, De Beers Canada chief executive Jim Gowans said yesterday. But Mr. Gowans told Reuters that the Canadian operation, DIAMOND EXPLORATION: Gahcho Kué valuation jumps to $135/ctNORTHWEST TERRITORIES — An independent valuation of samples from the Gahcho Kué joint venture (49% Mou… [Full Story] Diavik Diamond Mine - 2008 third quarter update YELLOWKNIFE, Nov. 18 /CNW/ - Diavik Diamond Mines Inc. (DDMI), the De Beers[miningmx.com] — Top diamond producer De Beers expects to cut back output at its two new Canadian mines by 10 to 20 percent because of a recent drop in demand, De Beers Canada Chief Executive Jim Gowans said on Tuesday. ‘We’ve seen quite a drop in Stillwater platinum and Snap Lake diamond mines announce layoffsNorth America’s economic crisis continues to take its toll as Stillwater Mining and the Snap Lake diamond mine will undergo job cuts, following on from yesterday’s news that Freeport-McMoRan has already eliminated 600 U.S. mining jobs. De Beers confirms layoffs at N.W.T.’s Snap Lake mineWhat’s this International diamond company De Beers has confirmed that 15 people will be laid off at the Snap Lake mine in the Northwest Territories, with global economic turmoil to blame. Officials told CBC News that De Beers has ended its contract with De Beers to cut diamond output in CanadaOTTAWA - Top diamond producer De Beers SA expects to cut back output at its two new Canadian mines by 10 to 20 per cent because of a recent drop in demand, De Beers Canada Inc. chief executive officer Jim Gowans said Tuesday. But Mr. Gowans told that the Mineworker Killed At De Beers’ Finch Mine - UnionJOHANNESBURG (Dow Jones)–A mineworker has been killed at diamond producer De Beers SA’s Finch mine, the 146th mining industry fatality in South Africa this year, trade union Solidarity said Tuesday. The union said the worker was pinned between a wall UPDATE 2-Mineworker dies at De Beers’ Finsch mineJOHANNESBURG, Nov 18 (Reuters) - A mineworker died in an accident above ground at top diamond producer De Beers’ Finsch mine in South Africa and the company said on Tuesday the mine would continue to operate. De Beers spokesman Tom Tweedy confirmed the UPDATE 1-Mineworker dies at De Beers’ Finsch mine -unionJOHANNESBURG, Nov 18 (Reuters) - A mineworker died at top diamond producer De Beers’ Finsch mine in South Africa, the Solidarity union said on Tuesday. De Beers spokesman Tom Tweedy confirmed the death, but said the mine would not be shut. ‘The accident GemGEM Diamonds shed a third of its value in London trade on Monday after saying it might post a full-year loss, Bloomberg reported. Gem said it had experienced a significant reduction in revenu from diamond sales in the fourth quarter. It might suspend Diamond Discoveries Reports High Chromium Values Intersected Over Several Metres on Caribou Property, Thetford Mines, Quebec NEW YORK, Nov. 17 /CNW/ - Diamond Discoveries International Metalex discovers another nine kimberlites in Angola KELOWNA, BC, Nov. 13 /CNW/ - Metalex Ventures Limited (MTX:TSX - Venture Diamond miner Trans Hex turns corner in Angola, but financials bleakCEO Llewellyn Delport says the company is for the first time achieving success in Angola. Sierra Gold Corporation Announces Property Acquisition in Region Known for Coloured Diamonds and GoldTORONTO, Nov. 12, 2008 (GLOBE NEWSWIRE) — Sierra Gold Corporation (Pink Sheets:SGCP) announced today the acquisition of a 12 mile long concession on the Manu river in the Zimmi region with an option to expand down to the Atlantic ocean. The company has investigated the property and has discovered small coloured and clear diamonds. Also discovered was coarse gold. Coarse gold indicates proximity to the original source of the gold vein. The property is now being cleared to allow equipment to be deployed on site. Trans Hex turnaround in Angola?[miningmx.com] — TRANS HEX reckons it has turned the corner at its troubled diamond projects in Angola where it has had a long, expensive and trying time to turn the mines to profit over the past five years. Trans Hex CEO Llewellyn Delport sounded the Aredor diamond mining licence to be cancelledCanadian controlled Guinean diamond miner, Aredor, is to have its licence cancelled having been accused of ceasing operations for three years. Stornoway Diamonds Corp.Matt Manson President talks about exploring for diamonds in Canada and moving into the development of diamond projects. First fancies from VoorspoedDe Beers’ new Voorspoed mine has delivered some yellow and pink stones in the first months of production. It has also produced white diamonds of promising value at $120/carat. De Beers’ SA restructure pays dividends[miningmx.com] — THERE HAVE BEEN many changes at De Beers Consolidated Mines (DBCM) over the past few years. However, one thing that?s stayed the same is the size and scope of the thinking that keeps the company the leading producer of diamonds and |
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