Tomra opens regional headquarters in South Africa

London-based Graff Diamonds paid nearly $47,777 per carat

It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.

New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has paid US$150,240 to the Sierra Leone Environmental Agency for the Tongo Environmental Licence.

Alrosa is currently trying to decide on whether to sell the 27.85-carat rock as a rough diamond, or cut and polish it.

The National Union of Mineworkers said on Thursday its members would go on an indefinite strike at the mine over wages, benefits.

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.

Transaction gives the US-based buyer full ownership of Canada’s Ekati diamond mine and a 40% stake in Diavik, which is operated by Rio Tinto.