MINING.COM

Rough prices ‘out of kilter’ as diamond sector staggers

According to RBC Capital markets, current price weakness in the diamond sector is likely to continue, most likely into 2013, on the back of slowing growth and discrepancies between rough and polished prices.

Mineweb | July 2, 2012 | 3:53 pm

‘King of diamonds’ Leviev wins court dispute over Angolan assets

Billionaire Arkady Gaydamak has lost a court bid to reclaim hundred of millions unpaid commissions and dividends from "king of diamonds" in a battle over Angolan assets.

Cecilia Jamasmie | June 29, 2012 | 12:51 pm

Rockwell reports Q1 diamond sales of $5.9 million

Diamond mining company Rockwell Diamonds reported on Wednesday that its diamond sales for the first quarter of its 2013 financial year reached 6 234 ct and generated $5.9 million.

Cecilia Jamasmie | June 28, 2012 | 3:09 pm

Diamonds looking good long because of Western style weddings in China and India

The rapid industrialization of China and India will be good for the diamond business, and in the next decade demand will break through the peak reached in 2006, according to an analyst at Bain & Co.

Michael Allan McCrae | June 26, 2012 | 8:08 pm

Diamonds are now your laundry’s best friend

British scientists have discovered that adding small amounts of nanodiamonds - pieces of carbon less than a ten-thousandth of the diameter of a human hair - make powder detergent much more effective at removing dirt and grease.

Cecilia Jamasmie | June 26, 2012 | 3:39 pm

Rockwell Diamonds carat production up 74% in Q1

Canadian Rockwell Diamonds announced its carat production for the first quarter of this year improved by 74% to 6116 carats from the same period last year.

Cecilia Jamasmie | June 26, 2012 | 3:10 pm

Chinese diamond mogul funding Mugabe’s military: report

A Chinese magnate, benefiting from his access to diamonds in Zimbabwe, is reported to have ploughed $100 million into the country’s Central Intelligence Organisation to fund covert operations against Mugabe's political opposition.

Cecilia Jamasmie | June 26, 2012 | 2:46 pm

Dr Caterpillar’s chart says the global economy is going to get much sicker. And soon

But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.

Frik Els | June 25, 2012 | 11:22 pm

South Africa to up the rent because nationalisation would break the bank

The African National Congress has proposed a tax to raise R40 billion: the Resource Rent Tax would take 50% of a mining company's profits that exceed 15% return on their investment.

Joshua Zapf | June 25, 2012 | 6:50 pm

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Brazil judge blocks decree allowing mining in Amazon

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