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Urgent action needed to end overstated diamond certification – World Federation

By: Martin Creamer     Updated 10 minutes ago Urgent action was needed to stop diamonds being sold with overstated certification, World Federation of Diamond Bourses president Ernie Blom said on Friday. Blom, who blamed a few laboratories for damaging the reputation of the entire diamond industry, urged stakeholders the world over to stand... 

Urgent action needed to end overstated diamond certification – World Federation
Photo by Duane Daws
Ernie Blom

Wallbridge pays down additional debt by $1m

By: Creamer Media Reporter      Updated 44 minutes ago TSX-listed exploration and mining company Wallbridge Mining has successfully negotiated an early prepayment of $1-million on its $2-million debt owing to Callinan Royalties. This was pursuant to a line of credit (LoC) entered into with Callinan on December 12, 2012. The interest payable on the... 

Mwana subsidiary to issue bond to fund Bindura smelter restart

By: Creamer Media Reporter      Updated 1 hour 55 minutes ago Multicommodity miner Mwana Africa’s 74.73%-owned Bindura Nickel Corporation (BNC) subsidiary has been granted prescribed asset (PA) status by the Zimbabwe Finance and Economic Development Minister Patrick Chinamasa. This would enable BNC to seek funding through the marketing of a fixed-term bond... 

Dominion Diamond reports ‘exceptional’ Q3 FY2015 production results for Ekati, Diavik

By: Creamer Media Reporter      Updated 1 hour 57 minutes ago TSX-listed Dominion Diamond Corporation reported on Thursday that its Ekati and Diavik diamond mines performed exceptionally well in the third fiscal quarter of 2015, August through October, with rough diamond production, sales and pricing all exceeding plan.  Consistent with the two previous... 

Savannah raises £1.3m, terminates Bergen agreement

By: Leandi Kolver     Updated 1 hour 58 minutes ago Aim-listed Savannah Resources on Friday advised that it had raised about £1.3-million through the placing of 29.48-million new ordinary shares with new and existing investors. The funds would be used for general working capital to fast-track exploration and development at the company’s copper... 

Zim has investment potential – Minister

By: Sapa     Updated 3 hours ago Zimbabwe has investment potential for South Africa, with a diversity of resources, Zimbabwe Finance and Economic Development Minister Patrick Chinamasa said on Friday. "We are not a basket case. The potential we have is enormous," he told a business breakfast in Johannesburg hosted by Zimbabwean... 

Zim has investment potential – Minister
Photo by Reuters
Zimbabwe Finance and Economic Development Minister Patrick Chinamasa

African Minerals considers partial sale of Tonkolili stake

By: Creamer Media Reporter      Updated 3 hours ago London-listed African Minerals, which holds a 75% stake in the Tonkolili iron-ore mine, in Sierra Leone, is considering the partial sale of its interest in the project, as a means to deal with the immediate liquidity issues facing the project. Trading in the company’s shares on the LSE was... 

African Minerals considers partial sale of Tonkolili stake
Tonkolili

Peruvian government calls strike at biggest copper mine illegal

By: Reuters     Updated 4 hours ago Peru's government on Thursday branded a 10-day long strike at the country's biggest copper and zinc mine illegal and the operating company Antamina urged laborers to return to work. The strike, which began on November 10 and stoked concerns about global copper and zinc supplies, includes more... 

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