Anglo American to open London, Singapore sales hubs

Global miner Anglo American is opening a new commercial hub in Singapore on July 1 and also in London, a move that reflects the shift in the company's sales focus to Asia. Tom Bell, who has been with Anglo's London-based thermal coal marketing...

India, China, Taiwan lead SA April coal imports

Asia absorbed most of South Africa's 5.2-million tons of coal exports in April, led by India, China and Taiwan, exporters said. Almost all of South Africa's thermal coal is exported from the private Richards Bay Coal Terminal (RBCT) in Kwazulu...

Rio Tinto may put up diamond mines for sale

Diversified giant Rio Tinto has launched a strategic review of its diamond business, which would include potentially selling some of its assets in Australia, Canada and Zimbabwe. “We have a valuable, high-quality diamond business, but given its...

Botswana Diamonds ‘well placed to successfully explore’ – Teeling

London-listed diamond junior Botswana Diamonds is “well placed” to successfully execute its exploration projects, chairperson John Teeling said on Friday. The company, which is exploring in Botswana, Cameroon and Zimbabwe, had “good ground,...

Polished diamond prices seen hit by economy in Q1

Polished diamond prices may struggle to hold onto gains in the first quarter of 2012 due to worries over the global economic outlook, diamond dealers said on Monday. Dealers attending the January 29 to 31 Antwerp Diamond Trade Fair said European...

Lucara receives record price for Lesotho diamonds

Vancouver-based Lucara Diamond Corp has received proceeds of $6.4-million from its second tender of 7 190 ct of diamonds from its Mothae mine in Lesotho. The 28 sale lots were offered on tender in Antwerp between December 5 and December 9 and all...

11/11/2011 (On-The-Air)

Botswana, the world’s biggest diamond source, is expected to seize the opportunity to snap up a quarter of the world’s biggest diamond company; Warnings are being sounded that the planned introduction of carbon tax will throttle South African...

Botswana govt to trade diamonds independently to verify market movements

What will the Botswana government do with the 10% of run-of-mine rough that it buys from Debswana – the 50:50 De Beers and Botswana government joint venture diamond-mining company – beginning this year?

Gem Diamonds recovers 553 ct white diamond at Letšeng

London-headquartered Gem Diamonds has unearthed a 553 ct diamond at the Letšeng mine in Lesotho, which ranks as the 15th largest white diamond ever to be recovered. The stone, which is yet to be named, is a type II D colour diamond. It is...

SA urged to tap into Asian diamond market, whose demand could exceed local gem output

Diamond beneficiation company Matla Beneficiation, part of the Matla group, reports that demand from Asia, particularly China and India, could exceed local production, even if Asia was the only market that South Africa supplied.

Lucara fetches $871/ct in maiden Mothae diamond tender

TSX V-listed Lucara Diamond Corp on Monday said it had received an average $871,70/ct in the first tender from trial mining at its Mothae project in Lesotho. The company sold 9 381,35 cs in Antwerp for a total of $8,1-million, including a...

Stellar upbeat about Guinea kimberlite bulk sample results

West Africa-focused Stellar Diamonds on Tuesday reported encouraging diamond grades of 565 ct from the first bulk sample of 233 t from its Bouro kimberlite dyke project in Guinea. The Aim-listed company recovered 20 stones of greater than one...