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Diamonds News

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. 

Ready for back-into-Africa campaign

By: marisa rodrigues     24th January 2003 The mining industry has an important role to play in realising the objectives of the New Partnership for Africa’s Development (Nepad), which hopes to bring about the economic, political and social recovery of Africa. 

EC approves supplier-of-choice strategy

By: Martin Zhuwakinyu     24th January 2003 Diamond giant De Beers’ Diamond Trading Corporation (DTC) subsidiary has been given the green light by the European Commission (EC) to proceed with its ‘supplier of choice’ initiative. 

Gem miners settle dispute

24th January 2003 Canada’s Diamond Fields International has settled its outstanding lawsuit with Trans Hex involving their joint-venture agreement covering portions of DFI’s sea diamond concessions near L 

Work intensifies on gold-loan scheme

By: Deborah Spicer     24th January 2003 Of the projects which were outlined in the R1,5-million Kaiser report on methods to enhance the South Africa’s jewellery sector, materials-financing and export-promotion stand out as having gathered the most momentum since Adrian du Plessis was appointed to head the Jewellery... 

The diamond-mine manager and the one that got away

24th January 2003 In its drive to engage in projects that contribute to the well-being of the natural environment, De Beers Venetia Opencast Mine, Limpopo, became involved in a somewhat unusual environmental project. 

Govt to conduct hearings with four Alexkor bidders

By: Martin Czernowalow     21st 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. 

Canadian miner recovers gem diamonds in Namibia

By: Martin Zhuwakinyu     17th January 2003 Canada’s Afri-Can Marine Minerals has announced that it has recovered gem-quality diamonds and discovered a new mineralised area in its 70%-owned Block J marine-diamond concession off the Namibian coast, which it has been scrutinising since 2001. 

Cabinet to discuss Alexkor privatisation this month

By: Martin Czernowalow     17th January 2003 The results of the tender for a 51% stake in South African State-owned gem miner Alexkor should have been presented to government at a meeting last Friday, and should reach Cabinet before the end of January. 

Decision on Premier’s C-cut project by year end

By: Laura Franz     17th January 2003 SOUTH Africa’s aluminium and platinum industries have real opportunities in the global automotive market. 

Europe approves De Beers’ marketing strategy

17th January 2003 The Diamond Trading Company (DTC) – the sorting, sales and marketing arm of the De Beers Group of companies – has announced that the European Commission yesterday confirmed that it has adopted a favourable position on the DTC's Supplier of Choice strategy. 

New South African titanium smelter hits a snag

By: Zonika Botha     17th January 2003 South Africa’s Kumba Resources said earlier this month that commissioning of a new furnace at its slag smelter in Kwazulu-Natal would now take place only in March, three months later than its latest forecasts. 

Snowden’s Alexkor report imminent

By: Martin Czernowalow     15th January 2003 International mining consultant Snowden has responded to an article published by Mining Weekly Online, on January 13, entitled: ’”Sensitive” Alexkor value-add report to be presented to government’. 

'Sensitive' Alexkor value-add report to be presented to government

By: Martin Czernowalow     13th January 2003 A degree of uncertainty seems to surround the exact date of the release of the so-called “Nabera value-add process” report regarding State gem miner Alexkor, as official sources remain tight-lipped and would confirm only that its release is “imminent”. 

Canada minister to talk diamonds in Antwerp

9th January 2003 Canada's international trade minister, Pierre Pettigrew, will travel to the international diamond capital of Antwerp on today to discuss his country's emerging diamond industry and new rules for the trade of rough stones. 

BEE group acquires control of marine-gem hopeful

8th January 2003 Empowerment group Ifa Leziswe has acquired a controlling shareholding in Gilboa Properties – the JSE Securities Exchange SA-listed venture capital company for – R50-million. 

Cabinet to discuss Alexkor privatisation this month

By: Martin Czernowalow     7th January 2003 The results of the tender for a 51% stake in South African State-owned gem miner Alexkor will be presented to government at a meeting on Friday, a source tells Mining Weekly Online. 

SA miner makes $30m diamond project push into Angola

13th December 2002 Angola's new-found appetite for peace and prosperity is being fuelled by huge investments in its natural resources, particularly its oil and minerals. 

SA miner makes $30m diamond project push into Angola

By: Jill Stanford     13th December 2002 Angola's new-found appetite for peace and prosperity is being fuelled by huge investments in its natural resources, particularly its oil and minerals. 

SouthernEra finds shine in platinum

12th December 2002 Canada's SouthernEra Resources made its name as a diamond operator, but it is fast finding a shine in the platinum group of metals in the world's biggest deposits in South Africa. 

Canadian PGM search to start in Jan

12th December 2002 Canadian mining group, Pacific North West Capital (PFN) has announced that its joint venture partner, Anglo American Platinum Corporation, has approved a Phase VI $5,3-million exploration programme, to be carried out in 2003 on the River Valley platinum group metal (PGM) property, near Sudbury,... 

De Beers reduces its loan to $2,485bn

11th December 2002 Diamond group De Beers said yesterday it had made a $710-million voluntary pre-payment to banks, bringing the balance of its five-year syndicated loan down to $2,485-billion. 

Audit of Alexkor bids this week

By: Martin Czernowalow     11th December 2002 Mining Weekly Online can now reveal the identities of the four South African companies that have submitted bids for a 51% share in State-owned gem miner Alexkor. 

Airborne gravity technology employed in gem search

10th December 2002 If the Falcon airborne gravity technology is the Holy Grail of the mineral exploration industry, then Gravity Capital (GCap) is in an enviable position in the arrangement it has with its developer BHP Billiton. 

Luxury goods sector should not forget gold

10th December 2002 South Africa's largest gold producer, AngloGold, last week urged the luxury goods business not to discount gold in the fight for the consumer's discretionary wallet, which in the US accounts for $174-billion. 

Kimberley Process likely to have mixed success

9th December 2002 Eradicating the flow of conflict diamonds may only be partially successful, according to managing director of diamond retailer Percy Marks Fine Gems, Ken Marks. 

Schmidtsdrift exploration unveils quality asset

By: Martin Creamer     9th December 2002 Exploration by New Diamond Corporation (NDC) of the Schmidtsdrift prospect is firming up what is believed to be a gem of an asset. 

Decision on Premier’s C-cut project by end 2003

By: Laura Franz     6th December 2002 The life of De Beers’ Premier mine, based in the town of Cullinan, north-east of Pretoria, could be extended by another 23 years and its output trebled if the Centenary-cut (C-cut) project, valued at some R7-billion, is approved by the diamond giant’s board in November next year. 

Argyle a catalyst for India's thriving industry

6th December 2002 India may well find its domestic diamond market transformed into the world's third largest diamond consumption market. 

UN extends ban on illicit Sierra Leone gem trade

6th December 2002 The UN Security Council on Wednesday extended for another six months a global ban on black-market diamond exports from Sierra Leone, where a gems-for-arms trade fueled a decade of brutal civil war. 

Severin remains mining focused despite jewellery-foray

By: Joanne Delaurentis     6th December 2002 Large, precision cut, quality, hand-picked, coloured gemstones from Southern Africa, beautifully set in 18 carat gold or platinum designs, created to best display the uniqueness of the stones. 

De Beers calls for more gem marketing

5th December 2002 Luxury goods and watches now have a significantly greater market share of the growth market in luxury goods than diamonds and a De Beers executive suggested the industry has to lift the tempo, including ploughing more dollars into advertising. 

Four bidders make play for Alexkor

By: Martin Czernowalow     4th December 2002 All bids are in for the 51% stake in State-owned gem miner Alexkor, confirmed the Department of Public Enterprises (DPE) yesterday, bringing the company a step closer to being privatised. 

Minerals law road show hits Perth

By: Kenneth Creamer     4th December 2002 The South African government continued its extensive global road-show which aims to communicate the intentions and implications of the country’s new mining laws in Perth, Australia, earlier this week. 

Magical allure of diamonds restated

3rd December 2002 In the world of diamonds, the most basic fundamentals behind the search are often lost among the plethora of technical concepts and business manoeuvres. 

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