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New diamond regulation head calls for ‘fearless aggression’ as he attacks Antwerp beneficiation thwarters

By: Martin Creamer New South African Diamonds and Precious Metals Regulator head Steve Phiri has called for “fearless aggression” in Africa’s fight against global vested interests intent on thwarting local diamond beneficiation on what was still denigrated as “the Dark Continent”. At... 

Miners opposing State’s plan to buy 10% SA output ‘selfish’ – DME

By: Matthew Hill The Department of Minerals and Energy (DME) on Friday hit out at unnamed diamond producers that were resisting legislation that gave government the power to buy 10% of all locally mined gems, calling them "selfish". DME DG Sandile Nogxina said that the mining companies that were taking... 

State Diamond Trader officially launched

By: Matthew Hill The State Diamond Trader (SDT), which government formed to buy up to 10% of South Africa's diamond production to sell to local cutters and polishers, has until June this year to prove itself financially self sustainable, an official said at its official launch on Friday. Further, the... 


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R/€ = 13.13Change: -0.06
R/$ = 11.56Change: 0.01
Au 1262.45 $/ozChange: 3.15
Pt 1228.50 $/ozChange: 11.00