Botswana diamond mining holds sparkling potential

The troubles of the global economy have had an impact on most industries and the diamond industry is not immune. Consumer market performance is mixed with the US and Europe remaining weak, while emerging markets such as China and India are...

Argyle mine, Australia

A conventional openpit mine situated in Western Australia.

Diamond windfall at Saxendrift, rights at Tirisano – Rockwell

TSX-and JSE-listed diamond-mining company Rockwell on Monday reported a diamond windfall, coupled to the news that its ownership of the Tirisano project is now official. The company reported that it had hit a diamond-production jackpot on August...

Sierra Leone diamond miner secures funding for $150m expansion

Sierra Leone’s largest diamond-mining company, Koidu Holdings, has confirmed that funding for the $150-million expansion at the Koidu kimberlite project has been secured and implementation is gaining momentum.

South Africa’s mine taxing beats Botswana’s mine ownership – Louw

The South African government, which taxes mines, is better off than the Botswana government, which part owns them, says Free Market Foundation executive director Leon Louw. Botswana, which is held up by the African National Congress Youth League...

Drilling under way at Guinea’s Droujba kimberlite pipe

West Africa-focused diamond-mining and exploration company Stellar Diamonds has started exploration drilling of 20 holes, a total of 3 000 m, on the Droujba kimberlite pipe, in Guinea, which has grades up to 200 carats per hundred tons (cpht), the...

Stellar Diamonds ‘encouraged’ by prices received for stones from Guinea trial mine

Aim-listed diamond mining and exploration company Stellar Diamonds, which has a strong focus on West Africa, sold two parcels of diamonds from its Bomboko trial mine, in south-east Guinea, in the third quarter, comprising 1 664 ct for an average...

Hesitant minerals processing equipment market returning

The hesitant market for minerals and metals processing equipment is slowly returning, with users putting significantly more time into researching and evaluating equipment before buying, says process equipment supplier specialist MC Process...

Remgro exit may help Trans Hex shares to reach full value

The unbundling of Remgro shares out of JSE-listed Trans Hex may help the shares of the diamond-mining company to reach full market value, Trans Hex CEO Llewellyn Delport tells Mining Weekly Online. Delport believes that the change in shareholding...

Trans Hex mulling Remgro exit – CEO

The full implications of the decision of Remgro to unbundle its shareholding in diamond miner Trans Hex were still under consideration, Trans Hex CEO Llewellyn Delport said on Tuesday. Remgro, which owns 28,49% of Trans Hex, said on Monday that...

Cautious optimism as diamond market strengthens

The yearly operating and financial review of diamond-mining group De Beers reveals that 2009 was a difficult year. The economic fallout that followed the near collapse of the global financial system in the fourth quarter of 2008, shaped it...

Stellar acquires Petra’s stake in Sierra Leone 
diamond project to become sole owner

Aim-listed diamond mining major Stellar, which is mainly West Africa focused, has reached agreement with fellow diamond mining company Petra Diamonds to acquire Petra’s interest in the Kono kimberlite project in diamond rich Sierra Leone.