KCM finds 27-ct light pink diamond in Northern Cape

South African diamond-miner Kimberley Consolidated Mining (KCM) said on Wednesday that its subcontractor, Peikwane, had found a 27-carat light pink diamond at its Bo Karoo mining site in the Northern Cape. The Kimberley-based miner said that the...

KCM focusing on financial stability – acting CEO

Phemelo Sehunelo, the acting CEO of troubled South African diamond junior Kimberley Consolidated Mining (KCM), on Tuesday expressed hope that the company could improve its financial stability and have the suspension of its shares lifted on the...

SA diamond sector seeking ways to mitigate economic downturn

Top South African diamond industry players are committed to seeing the diamond industry through its current economic hardship, and are working on a strategic plan to ensure that the industry does not fall under a barraging wagon of chaos. The...

South African diamond industry seeking ways to mitigate economic downturn

Across the mining industry the effects of the current economic downturn have made a severe impact on production and sales, and resulted in the loss of many jobs. Slowly, but surely, the crisis is spreading to the diamond sector.

State Diamond Trader CEO unhappy with progress to date, hopes to achieve targets by March

The State Diamond Trader (SDT), established to buy 10% of the country’s diamond production for sale to local cutters and polishers, has completed its first “critical” six months of operation, and achieved necessary targets, but says that he...

KCM in listing milestone

Diamond-mining, exploration and development company Kimberley Consolidated Mining’s (KCM’s) listing on the JSE’s AltX last week is a “huge” milestone for the company given that KCM is the first,...

Shares rise as diamond junior Kimberley Consolidated Mining lists on JSE's AltX

The shares of debutant Kimberley Consolidated Mining (KCM) rose 11% in rapid trading after the diamond junior listed on Tuesday on the alternative AltX exchange of the Johannesburg Stock Exchange. The 300-employee KCM listed 450-milion shares at...