July 27, 2011

De Beers plans to expand in China

De Beers, the world's largest diamond producer, announced Tuesday that it will further expand its retail outlets in China, the Wall Street Journal reported.

July 26, 2011

Namibia’s mining body says new tax will curb investment

Namibia's Chamber of Mines wants the government to reconsider plans to impose a further 17 percent tax on exploration and mining firms in the southern African producer of diamonds and…

July 26, 2011

De Beers exec: best six months since going private, strong US growth surprises

In an interview with Moneyweb on Tuesday, De Beers Chief Commercial Officer said the company had experienced its best six months since it went private in a $19 billion deal…

July 26, 2011

Diamond firm De Beers sees net earnings soar

Diamond mining group De Beers said on Tuesday that "exceptional" sales had nearly tripled net earnings in the first half to £423 million ($694 million), up from £155 million ($255…

July 26, 2011

Namibia proposes mining tax hike

Nambia?s ministry of finance said that Nambia plans to raise its mining tax by 17% to boost revenue, but the hike will not apply to the diamond sector. As per…

July 26, 2011

Can Goldman, Morgan Stanley recover commodities moxie?

At the once-feared commodity trading arms of Goldman Sachs and Morgan Stanley, the pressure to do better in the second half of this year has never been more intense.

July 25, 2011

CDE announce distribution agreement for Africa with Pilot Crushtec

CDE have announced the addition of Pilot Crushtec to their global distributor network with responsibility for South Africaand sub-SaharanAfrica. Pilot Crushtec will promote the full range of CDE washing equipment…

July 25, 2011

Journal of Commerce: Prince Albert, Saskatchewan diamond mine may go ahead

Shore Gold Inc. could be one step closer to opening Canada's next diamond mine, according to a story published in the Journal of Commerce.

July 25, 2011

CNBC: Zimbabwe state media says diamonds will pay raises

Zimbabwe's state media has reported that the state mining corporation says it is paying government employee raises this month with revenues from controversy-mired diamond fields in eastern Zimbabwe.

July 25, 2011

Canada makes a deal a day as mining M&A head towards $200 billion

The value of mergers and acquisitions in the mining sector more than doubled to $96.3 billion in the first six months of the year and could top $200 billion for…