Company Announcement: Commissioning Of Primary Crushing Circuit And Diamond Sales

Attached please find a press release on: DiamondCorp plc, the South African diamond mining company, is pleased to announce that commissioning of the new primary crushing circuit at the Lace diamond mine in South Africa has commenced on schedule,...

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.

Retreating tailings no longer economic as diamond prices halve - DiamondCorp

The retreatment of diamond tailings at South Africa's new Lace diamond mine was rendered uneconomic when the prices the mine was receiving for its diamonds fell by 50% in the last quarter of 2008, DiamondCorp CEO Paul Loudon said on Tuesday....

Loudon upbeat as DiamondCorp reports interim operational profit

South African diamond explorer and miner DiamondCorp CEO Paul Loudon is positive about the year ahead, saying that the company has joined a small group of companies operating a long-life kimberlite resource. Loudon said in a statement to...

Pallinghurst comes home in blaze of coloured-gemstone glory

Until a decade ago, pure white diamonds were in widespread demand, but, increasingly, coloured gemstones are coming into their own, says Pallinghurst chairperson and mining doyen Brian Gilbertson, who now has ‘skin in the game’, together with...

Pallinghurst comes home in blaze of coloured-gemstone glory

Until a decade ago, pure white diamonds were in widespread demand, but increasingly coloured gemstones are coming into their own, says Pallinghurst chairperson and mining doyen Brian Gilbertson, who now has “skin in the game”, together with...

DiamondCorp arranges $5m loan for Lace mine development

Gem-miner DiamondCorp has arranged a $5-million loan facility with Africa Opportunity Fund (AOF), which would go towards bringing its 74%-owned Lace mine into production, it said on Monday. The loan completed the funding requirements for the...

DiamondCorp bolsters management team

London AIM-listed gem miner DiamondCorp, now also JSE listed, strengthened its core management team with two senior appointments. The company appointed Steve West as head of business development and Paul Sharples as head of mining. Both positions...

Mine diamond supply down to less than 20 years, says DiamondCorp ahead of listing

The world was down to less than 20 years' mine supply of natural diamonds from known mine operations, said DiamondCorp CEO Paul Loudon on Friday, ahead of the company's main-board JSE listing on Monday. Loudon said that the world was...

Shanduka Resources has ambitious coal growth strategy

The resources division of one of South Africa�s largest black economic-empowerment (BEE) investment houses, the Shanduka Group, is pursuing an expansion strategy that is strongly focused on the coal sector.