DiamondCorp starts Lace diamond mine development

Southern African diamond development and exploration company DiamondCorp initiated the 47-level development activities at its R384-million Free State-based Lace diamond mine. The JSE- and Aim-listed group said that, with the project now fully...

Kumba FY earnings climb 19% to R17bn

Anglo American’s Kumba Iron Ore on Thursday reported a 19% increase in headline earnings to R17-billion as export iron-ore prices and export volume sales increased. The JSE-listed company experienced an export sales volume increase of 3%, from...

Kumba Iron Ore output up as Kolomela starts production

South African mining group Kumba Iron Ore on Thursday reported a production increase of 4%, reaching 11.2-million tons during the fourth quarter of 2011. The Anglo American subsidiary attributed the higher output to the first production from...

Rockwell raises C$6.5m through assets sale

Alluvial gem miner Rockwell Diamonds has raised C$6.5-million by selling three noncore assets, it said on Tuesday. The disposal stems from an asset review the TSX- and JSE-listed company embarked on in the first quarter, and the proceeds will go...

Kumba more than doubles profit to R14,3bn

JSE-listed Kumba Iron Ore’s headline earnings more than doubled to R14,3-billion in 2010, helped by a 92% increase in export prices and a 6% increase in export sales volumes. South Africa’s main iron-ore miner on Thursday reported that...

Pilanesberg platinum mine, South Africa

Platmin plans to increase production at its Pilanesberg platinum mine to 12 000 oz/m of three platinum-group elements and gold by December this year.

Canadian miner announces drill results at gem prospect

Canadian miner, SouthernEra Resources has released a report on microdiamond results, returned from the Sue and Sputnik kimberlite pipes at the Yamba Lake Project in the Northwest Territories.