We've agreed to invest another $450m in De Beers – Anglo

Anglo American has agreed in principle to invest another $450-million in diamond company De Beers, Anglo spokesperson James Wyatt-Tilby told Mining Weekly Online on Tuesday. "Yes, Anglo American has agreed in principle to invest up to...

Daily podcast – November 25, 2009

Debswana plans to extend the closure of its Damtshaa mine to the end of 2010; and De Beers and the government of Botswana expect to spend as much as $3-billion over the next 15 years to extend the life of the Jwaneng diamond mine.

Future of diamonds ‘bright’, says African Diamonds CEO

London-listed African Diamonds CEO John Teeling believes that the future of diamonds remains “bright”, despite the current economic turmoil having a severe impact on the industry. “Supplies are scarce,” he said on Wednesday, when African...

Tawana seeks new JV partner for Botswana diamond project

JSE- and ASX-listed explorer Tawana Resources will look for fully funded joint-venture (JV) partners to participate in its Orapa diamond project, in Botswana, says chairperson Neil Barrie. Tawana announced on Wednesday that it had terminated a JV...

Anglo says commodity prices stabilising, Rio sees Chinese steel rise in second half, De Beers sees diamond improvement signs

he prices of most commodities appear to have stabilised, says Anglo American CEO Cynthia Carroll. Read on page 5 of this edition of Mining Weekly of the copper price increasing by more than 50% off its December low, platinum going above $1 200/oz...

Glimmers of hope in diamond market – De Beers

The world's biggest diamond miner, De Beers, has begun to see “signs of improvement” in the market, and expects the trend to continue for the rest of this year. Demand for rough diamonds fell sharply in the fourth quarter of 2008, as cutters,...

Angola, Botswana exploration activities ‘promising’ - Petra

Diamond-miner Petra Diamonds' exploration activities in Angola and Botswana were showing "promising" developments, the company said on Wednesday. The Alto Cuilo site, in Angola, has the potential to contain "substantial" deposits of economic...

Engineering company’s Zambian, DRC projects exceed $2-billion

Diversified engineering company Bateman Engineering is in the process of executing numerous base metals projects worth between $330-million and $1 billion in Zambia and in the DRC.

Project house receives international accolade

Engineering firm Bateman Engineering was awarded ‘International company of the year’ at the 2006 Alternative Investment Market awards held in October. Business development GM in the diamond sector Liam Cafferty explains that the award...

Damtshaa capacity-expansion project, Botswana

The project will involve the doubling of the diamond-processing capacity at the Damtshaa mine near Orapa, in Botswana, from 200 t/h to 400 t/h of kimberlite ore.

Damtshaa capacity-expansion project

The project will involve the doubling of the diamond-processing capacity at the Damtshaa mine near Orapa, in Botswana, from 200 t/h to 400 t/h of kimberlite ore. The new facility at the mine will essentially provide a second 200 t/h stream...

De Beers plans to boost output from SA in 2003

Diamond giant De Beers, which has consolidated its financial position and reduced its debt significantly over the last year, is preparing for a new expansionary push with group capital investments set to rise to more than $2,3-billion over the...