MINING.COM

Anglo American completes acquisition of De Beers

Anglo American (LON:AAL) has completed its acquisition of a 40% stake in the De Beers Group from the Oppenheimer family, which has had a major ownership stake in the diamond mining, distribution and marketing company for more than 80 years.

MINING.com Editor | August 17, 2012 | 1:14 pm

Weak markets force Alrosa to dump stock in state repository for the first time since 2009

Alrosa said the sales were a measure aimed at maintaining acceptable price levels as the company's clients signaled that they were experiencing financial trouble in 2H 2011.

BrightWire News | August 16, 2012 | 5:32 pm

Nobel laureate to Africa’s new resource rich: You’ll probably end up poor

Joseph E. Stiglitz, Nobel laureate in economics and professor at Columbia University, has some sobering thoughts for Ghana, Uganda, Tanzania, and Mozambique.

Frik Els | August 14, 2012 | 10:09 pm

Kimberley Process in search of new conflict diamonds definition

Kimberley Process leader Gillian Milovanovic is proposing a new definition of conflict diamonds to include acts of violence and broader human rights issues.

Cecilia Jamasmie | August 14, 2012 | 3:25 pm

Harry Winston sues American retailer whose name has a familiar ring

Toronto-based jeweller and watchmaker Harry Winston, is suing M.K. Winston Jewelers for alleged copyright infringement.

Cecilia Jamasmie | August 14, 2012 | 2:50 pm

Bottom falls out of jade market

While the jade market in China is a fraction of its overall jewellery trade, the collapse in the value of the stone could indicate tough times for other markets like diamonds and precious metals.

Frik Els | August 13, 2012 | 5:08 pm

Botswana’s Okavango diamond announces interim board

Okavango Diamond Company (ODC), the new diamond trading enterprise owned by the Botswana government, today (Monday) announced its interim board with Toby Frears as its first managing director.

IDEX Online | August 13, 2012 | 10:57 am

South Africa’s third wealthiest man owes the taxman $250 million

South Africa’s third wealthiest man and mining entrepreneur, billionaire Christoffel Wiese, it is said to owe the country’s revenue agency (Sars) an estimated $250 million (R$2 billion) in unpaid taxes.

Cecilia Jamasmie | August 12, 2012 | 4:18 pm

Lucara to sell less diamonds than projected from its Botswana mine

Canada’s Lucara Diamonds (TSX:LUC) shares went down over 3% on Friday after the company said it expected to sell 23% less diamonds this year from its flagship Karowe mine, in Botswana.

Cecilia Jamasmie | August 11, 2012 | 1:15 pm

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Petra Diamonds’ shares sparkle as its solves labour disputes in South Africa

World’s ‘most beautiful diamond’ to go under Christie’s hammer

How iron carbonates help form diamonds

Petra jumps on Tanzania letting it resume diamond exports

Lucara sells world’s second-largest diamond for $53 million

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