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Diamonds News

Diamond miner reports a loss

6th March 2003 Canadian miner Diamond Fields International has reported a loss for the quarter ended December 31, 2002, of $593 958 compared to a loss of $227 096 for the same quarter the previous year. 

De Beers expects Angola deal in March

4th March 2003 Diamond giant De Beers expects to conclude a deal with Angolan state diamond miner Endiama in March on a return to the gem-rich country, officials said. 

Marketing makeover: De Beers' new strategy to be operational by mid-year

By: Martin Zhuwakinyu     3rd March 2003 Diamond-jewellery sales growth during the last decade has been somewhat stunted, lagging far behind the rates achieved by the luxury-goods industry and the world’s nominal gross domestic product (GDP). 

WTO waiver for ‘conflict diamonds’ agreed

3rd March 2003 The World Trade Organisation (WTO) Council for Trade in Goods, last week, agreed to recommend that the General Council grant requesting members a waiver for trade measures taken under the Kimberley Process Certification Scheme for Rough Diamonds. 

Resources at SA gem property enlarged

3rd March 2003 Canadian miners Etruscan Resources and Mountain Lake Resources have jointly announced a 25% increase in diamond resources at the Tirisano Diamond Mine, operated by Etruscan Diamonds in South Africa. 

Marketing Makeover De Beers’ new strategy to be fully operational by mid-year

By: Martin Zhuwakinyu     28th February 2003 Diamond-jewellery sales growth during the lastdecade has been somewhat stunted, lagging far behind the rates achieved by the luxury-goods industry and the world’s nominal gross domestic product. 

State hopeful of concluding Alexkor sale next month

By: Martin Czernowalow     26th February 2003 The South African government remains optimistic that the privatisation of its gem-miner, Alexkor, will be finalised – as planned – before the end of March. 

South African firm supplies motors for project abroad

By: candice haase     21st February 2003 As higher power efficiencies have become the buzzword in North American and European industries, Electric Motors and Components (Emac) a local supplier of motors, has been approached by Bateman Minerals and Metals company to supply electric motors for one of its major projects. 

Venetia debottlenecking has 10-day payback

By: Zonika Botha     21st February 2003 Diamond giant De Beers’ Venetia open-cast mine, in the Limpopo Province, is gearing up to increase its 2002 production levels from 4,6-million tons to 5,2-million tons this year, and to 6-million tons in 2004. 

Final enviro deadline for new ferrochrome project

By: Joanne Delaurentis     21st February 2003 Interested and affected parties have until today (Feb 21) to voice any objections to the environmental-impact assessment (EIA) and the environmental management programme report (EMPR) submitted by Transvaal Ferro-Chrome for its Buffelsfontein project. 

Second contract-mining vessel for Canadian gem firm

21st February 2003 Canadian diamond-miner Fields International (DFI) has begun mining with a second contract-mining vessel to increase diamond production from its L 

South African-made pump draws international dredging attention

By: candice haase     14th February 2003 A South African-developed gravel pump, which has been applied successfully at a local operation, has kindled the interest of a number of companies abroad. 

De Beers to pursue ‘maximum realistic’ production strategy

14th February 2003 Diamond giant De Beers plans to increase the number of carats it produces in 2003 through what it calls a maximum realistic production strategy. 

Namco in new liquidation struggle

14th February 2003 Diamond mining and exploration company Namibian Minerals Corporation (Namco), which appeared to be on the road to recovery when Mining Weekly spoke to CEO Greg Walker in June last year, is back in liquidation. 

Angola seeks to expand mining beyond diamonds, oil

14th February 2003 Diamond and oil-rich Angola wants to diversify mineral exports and encourage foreign firms to make the most of the end of a devastating civil war by investing in its other resources, a government official said on Wednesday. 

Botswana president receives briefing from De Beers

14th February 2003 Botswana’s President, Festus Mogae, has been briefed on the state of the world diamond market by De Beers' MD Gary Ralfe and executives of De Beer's Diamond Trading Company (DTC). 

Gem giant cautiously optimistic about Angola return

11th February 2003 Mining giant De Beers says it is cautiously optimistic about negotiations to resume prospecting in Angola, following a fall-out between it and the southern African country’s government two years ago. 

De Beers, Angola make moves to end stand-off

By: Zonika Botha     7th February 2003 Having suspended its investments and prospecting operations in Angola in 2001, diamond giant De Beers has since made various efforts to re-establish its roots in that diamond-rich country. 

New synthetic diamond harder than the real thing

7th February 2003 Japanese researchers claimed yesterday they had successfully made the world's hardest artificial diamond from graphite. 

De Beers to pursue ‘maximum realistic’ production strategy

7th February 2003 Diamond giant De Beers plans to increase its number of carats for 2003 through what it calls a maximum realistic production strategy. 

De Beers sales rise to $5,15bln

7th February 2003 Diamond giant De Beers reported yesterday an almost 16% jump in rough stone sales to $5,15-billion in 2002, topping forecasts in spite of shaky world economies. 

Conflict gem process now has 42 participants

6th February 2003 The Kimberley Process Certification Scheme (KPCS) - the mechanism designed to deal with the scourge of conflict diamonds - had increased its total number of participants to 42 as at the end of January. 

Kimberley gets new 20-year diamond venture

By: Martin Creamer     3rd February 2003 Mining is due to begin in the second half of this year at a new ‘world-class’ alluvial diamond prospect on the banks of the Vaal River near Kimberley, Mining Weekly can today report. 

The junior that operates like a major

By: Martin Creamer     31st January 2003 South Africa’s small diamond operators have traditionally mined alluvial deposits in a piecemeal fashion. 

Black mining engineer managing the new diamond operation

By: Martin Creamer     31st January 2003 A black mine manager has been appointed at the new Schmidtsdrift diamond-mine. 

Kimberley gets new 20-year diamond venture

By: Martin Creamer     31st January 2003 Mining is due to begin in the second half of this year at a new “world-class” alluvial diamond prospect on the banks of the Vaal River near Kimberley, Mining Weekly can today report exclusively. 

New black diamond company aims to produce million carats a year by 2007

By: Martin Creamer     31st January 2003 The black-controlled company, New Diamond Corporation (NDC), intends producing a million carats a year by 2007. 

Zone three is mining focal point at Schmidtsdrift

By: Martin Creamer     31st January 2003 Diamond-bearing gravel runs through mining zone three at Schmidtsdrift, the exciting new alluvial prospect near Kimberley, in the Northern Cape. 

How community is cut into deal

By: Martin Creamer     31st January 2003 Diamond exploration at Schmidtsdrift has resulted in an early turnaround of fortunes for the Batlhaping community of greater Kimberley. 

Classy diamond asset is yielding 40% above budget

By: Luxolo Tyali     31st January 2003 South Africa’s black-controlled company New Diamond Corporation is obtaining 40% more diamond output at its Schmidtsdrift operation than budgeted. 

Jagersfontein could be next

By: Luxolo Tyali     31st January 2003 Jagersfontein could be the location of the next big project for black-controlled company New Diamond Corporation 

Lateral migration for bright spark

By: Luxolo Tyali     31st January 2003 One of the brightest sparks at the black empowerment company, New Diamond Corporation (NDC), is 26-year-old Siva Govender. 

Petra returns to Angola prospects

31st January 2003 Diamond group Petra is returning to operations in Angola hoping to turn its promising Alto Cuilo concession in the north-east into a future major diamond mine. 

Boulle is bullish on Namibian gem output

31st January 2003 Diamond Fields International’s new chairperson and CEO Jean-Raymond Boulle says that diamond production from its mining licence ML111 offshore of L 

Govt to conduct hearings with four Alexkor bidders

By: Martin Czernowalow     31st January 2003 The Department of Public Enterprises (DPE) has reportedly attached an additional phase to the Alexkor privatisation process, which calls for government to conduct hearings with the four final bidders, who will be questioned about key aspects of their bids. 

Gold producer emerges as lord of the ring

By: Joanne Delaurentis     31st January 2003 More than 1 800 Lord of the Rings (LOTR) gold rings have been sold by Harmony Gold Mining since the start of the company’s One Ring marketing campaign in 2001. 

Higher Namibian output lifts gem firm

27th January 2003 Shares in Diamond Fields International shot up 67% on Thursday after the company said diamond production from its operations off the Namibian coast had exceeded expectations. 

Company expands horizon beyond Zambia

24th January 2003 Established in 1998 with a view to providing the recently privatised Zambian copper industry with a one-stop crushing and milling machine shop, East Rand company Baldmin Engineering Works has since expanded its influence and is focusing on growing its market within South Africa. 

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