BRC DiamondCore and Rio Tinto form DRC exploration JV

Africa-focused diamond explorer BRC DiamondCore will partner with diversified giant Rio Tinto in the exploration of iron-ore in the Democratic Republic of Congo (DRC), the company announced on Friday. The TSX- and JSE-listed company noted in a...

Daily podcast – November 9, 2009

First Uranium agrees to sell 7% of the gold to be produced over the life of its Ezulwini mine to a subsidiary of Gold Wheaton; and BRC Diamondcore signs a letter of intent with diversified giant Rio Tinto's mining and exploration arm.

Rio Tinto to fund some exploration on JV Tshikapa project

TSX- and JSE-listed Africa-focused diamond explorer BRC Diamondcore has signed a letter of intent with diversified giant Rio Tinto’s mining and exploration arm, whereby Rio Tinto would fund the exploration of certain parts of the joint venture...

BRC Diamondcore to appeal liquidation order

Troubled diamond exploration company BRC Diamondcore said on Monday that it would be appealing the order handed down in the Northern Cape High Court for the liquidation of the TSX- and JSE-listed company’s wholly owned Diamond Core Resource...

Second-quarter Lonmin platinum sales up, six gold mines in provisional liquidation, BRC DiamondCore liquidation hearing

Platinum producer Lonmin maintained its sales guidance of 700 000 oz for its 2009 financial year, reporting last week that sales in the first half were around 45% of the full-year target and ahead of its initial expectations for the period. Read...

BRC DiamondCore liquidation hearing extended to June 19

The Kimberley High Court of South Africa would hear the application for the liquidation of two subsidiary companies of the Toronto- and Johannesburg-listed diamond-mining company BRC DiamondCore on June 19, BRC DiamondCore financial director Brian...

Daily podcast – April 2, 2009

In today's podcast: diamond exploration company BRC DiamondCore has to secure additional funding to continue operating in the normal course of business; and campaigners say that electronics manufacturers should trace the minerals they use in order...

BRC DiamondCore needs additional funding to sustain operations

TSX- and JSE-listed diamond exploration company BRC DiamondCore on Thursday said it would have to secure additional funding and achieve or sustain profitable operations, in order for it to continue operating in the normal course of business, with...

SA union, BRC DiamondCore at odds over retrenchments

South African trade union Solidarity on Thursday warned that it would institute a case of unfair dismissal against TSX- and JSE-listed explorer BRC DiamondCore, if the company implemented retrenchments by April 10, as planned. The union claimed...

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

Sparkling diamond future in Africa

Africa-focused diamond producer BRC Diamondcore has announced diamond exploration plans in the Democratic Republic of Congo (DRC).

The future of mining in Africa

The mining industry as a whole has experienced heavy shutdowns, project delays and cutbacks, especially in the last two months. This is largely attributed to the global financial crisis which has resulted in a beleaguered predicament for...