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DiamondCorp starts Lace diamond mine development

By: Natasha Odendaal 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 funded, it could expect first diamond recovery during... 

Kumba FY earnings climb 19% to R17bn

By: Natasha Odendaal 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 36.1-million tons during the year ended December... 

Kumba Iron Ore output up as Kolomela starts production

By: Natasha Odendaal 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 Kolomela mine, near Postmasburg, in the Northern Cape,... 

Rockwell raises C$6.5m through assets sale

By: Matthew Hill 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 towards developing its other mines, the company said. 

Kumba more than doubles profit to R14,3bn

By: Petronel Smit 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 headline earnings for the year increased to R44,67 a share,... 

Pilanesberg platinum mine, South Africa

By: Sheila Barradas 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. 

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