Japan’s Imports of Polished Diamonds Dive a Record 30.8% in April
Japan imported $45.85 million worth of polished diamonds in April of this year, a 30.8 percent decline compared to April 2008, according to data published by The J Club Inc.
Mining news: DIAMOND
DMCC Turns to Angola for Rough Diamonds Supply
The Dubai Multi Commodities Centre (DMCC) is in a bid to secure direct rough diamond shipments Angola. The DMCC, of which the Dubai Diamond Exchange (DDE) is part of, said it “has begun exploring opportunities to strengthen ties with Angola in the area of diamond trade,” DMCC said Monday.
Israel’s Polished Diamond Exports in H1 Nosedives 58.3% to $1.58B
The economic downturn has severely hurt the Israeli diamond industry, with trade slashed by more than half in the first six months of the year.
Debswana Gets $110 million Credit Line
Debswana has arranged for a P750 million ($110 million) loan facility from a number of local banks, Debswana Managing Director Blackie Marole said on Wednesday.
Downturn is a diamond market’s worst friend
Diamonds may be forever but traders in Antwerp are hoping Europe’s recession won’t be as it is turning their businesses pear-shaped.
Rockwell’s pressing need for funds
[miningmx.com] — RESULTS released today by Rockwell Diamonds for the year to end-February show the company is in a perilous financial situation and must swiftly raise C$4m to stay in business. Rockwell lost C$13m in the year to end-February and that,
Zimbabwe’s Gem Mine Seizure Killed 200, Group Says
Zimbabwe’s security forces killed more than 200 people when the government drove illegal workers off the Marange diamond field last year, and abuses continue to this day, Human Rights Watch said.
Cameroon Plans to Start Diamond Mining Next Year, Official Says
Cameroon may start diamond mining by the end of next year following the discovery in 2008 of 736 million carats of deposits in the south-eastern Mobilong region.
Diamond mine producing again
Blue diamonds from the Kimberley Argyle Diamond mine (Rio Tinto Diamonds) Rio Tinto has recommenced production at its Argyle Diamond mine in the Kimberley. Production was put on hold three months ago due to a flood of diamonds on the market and
Diamond mine producing again
Blue diamonds from the Kimberley Argyle Diamond mine (Rio Tinto Diamonds) Rio Tinto has recommenced production at its Argyle Diamond mine in the Kimberley. Production was put on hold three months ago due to a flood of diamonds on the market and
Diamond mine producing again
Blue diamonds from the Kimberley Argyle Diamond mine (Rio Tinto Diamonds) Rio Tinto has recommenced production at its Argyle Diamond mine in the Kimberley. Production was put on hold three months ago due to a flood of diamonds on the market and
Venezuela seeks loan to develop diamond, gold mining
MARACAY, Venezuela (Reuters) — Venezuela is seeking a loan to help develop its gold and diamond mining sector, to be partially paid with the mineral output of the projects, President Hugo Chavez said on Wednesday. Chavez, a Cuba ally who is trying to
Venezuela seeks loan to develop diamond, gold mining
Venezuela is seeking a loan to help develop its gold and diamond mining sector, to be partially paid with the mineral output of the projects, President Hugo Chavez said on Wednesday.
Venezuela seeks loan to develop diamond, gold mining
MARACAY - Venezuela is seeking a loan to help develop its gold and diamond mining sector, to be partially paid with the mineral output of the projects, President Hugo Chavez said on Wednesday. Chavez, a Cuba ally who is trying to build a socialist
Diamond mine economics: production costs, margins & cash flows to 2030 - a new study from GFMS
Diamond Mine Economics by GFMS Mine Economics provides, the research company says, diamond miners, financial institutions, governments and other industry stakeholders with “high quality forward-looking insights into the underlying drivers of diamond mine economics. The study provides high quality independent support to investment/lending decisions, risk reward analysis, peer group comparisons and mine benchmarking.
Australia: Gloomy Forecast for Country’s Diamond Industry
Australia expects its diamond industry to suffer a sharp blow in fiscal 2009-10 against the backdrop of the global financial crisis. The country’s leading governmental analysis body forecasts a near quarter drop in year-over-year production and export activity for the diamond industry, while exploration expenditure is shrinking.
Anglo rejects Xstrata offer
Anglo American said that it did not want to ‘dilute’ its portfolio of more expensive and valuable commodities such as diamonds and iron ore with Xstrata’s lower value zinc and nickel. In the damning statement published tonight, the South African-based
Xstrata puts in a bid for Anglo American
Anglo American has received a weekend merger approach from rival mining group Xstrata. The combination would create the world’s third-largest mining group with vast holdings in metals and diamonds. Analysts estimate a combined company would have about
Diamond mining sales to grow this year: De Beers
According to a RAPAPORT news article, De Beers remains optimistic about the future prospects of the diamond industry during 2009, and is expecting the Christmas season to be ‘in line with if not better than last year’. Speaking in Israel at the second of
De Beers close to loans waiver
LONDON (Reuters) - De Beers, the world’s largest diamond mining group, is close to securing a covenant waiver on $3 billion (1.8 billion pounds) of existing loans, two bankers said on Friday. De Beers, 45 percent owned by mining conglomerate Anglo
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