Octéa Diamond Group launched at Koidu diamond mine

Mining company Octéa Diamond Group, a private company owned by Beny Steinmetz Group (BSGR), was officially launched at a gala event at the group’s flagship Koidu diamond mine, in Sierra Leone’s Kono district.

Mining Weekly | August 7, 2012 | 6:29 pm

Gem Diamonds reviews capex plans for Lesotho, Botswana projects

Gem Diamonds has initiated a review of its capital investment plans and said it might delay projects in Lesotho and Botswana in order to protect the company’s balance sheet in light of continued economic uncertainty.

Mining Weekly | July 30, 2012 | 9:39 am

Botswana cuts taxes, gives private sector scope

Botswana is setting out to lower the fiscal burden on resources investors in a charm offensive that separates it from the mining jurisdictions that are currently looking to increase mining taxes.

Mining Weekly | July 10, 2012 | 1:35 pm

Xstrata to develop south decline at Helena mine

Diversified miner Xstrata Alloys was progressing the ramp-up of its Helena chrome mine, in Mpumalanga, with the development of a south decline underground, the company said.

Mining Weekly | July 4, 2012 | 2:38 pm

Glencore, Lexshell consortium owns 71% of Optimum Coal

A consortium comprising commodities trader Glencore and South African businessperson Cyril Ramaphosa’s Lexshell 849 has increased its shareholding in black economic-empowered Optimum Coal to just over 70%.

Mining Weekly | June 25, 2012 | 4:19 pm

Mozambique, Ncondezi Coal sign framework agreement for 4.7 billion ton coal project

Exploration and development company Ncondezi Coal has signed a framework agreement with Mozambique’s Ministry of Mineral Resources for its 4.7-billion-ton Joint Ore Reserves Committee-compliant Ncondezi coal project, in the Tete province.

Mining Weekly | June 16, 2012 | 8:37 am

South Africa’s diamond industry no longer sparkling

The South African diamond industry faces serious challenges upstream and downstream, where job creation, wealth creation and the beneficiation of raw diamonds are not concerns for regulatory authorities, says diamond polishing company African Romance CEO Mohseen Moosa.

Mining Weekly | June 8, 2012 | 12:01 pm

South African diamond beneficiation profitable – Trans Hex

The beneficiation of diamonds locally is not only proving a profitable business but also has the indirect benefit of keeping in place the diamond tender system, which the company favours, says Trans Hex CEO Llewellyn Delport.

Mining Weekly | June 4, 2012 | 5:54 pm

Gold producers, Indian cutters might fund Canada’s newest diamond mines

With positive feasibility studies in hand, companies aim to start building at least three new diamond mines in Canada by the third-quarter of next year, at a combined cost of around $3.4 billion.

Mining Weekly | May 31, 2012 | 2:06 pm

Shale gas can contribute to greener economy in South Africa– Econometrix

If South Africa was to realistically achieve the objective of lowering its carbon emissions, the southern Karoo’s shale gas deposits had to be thoroughly investigated, Econometrix MD Rob Jeffrey said on Tuesday.

Mining Weekly | May 29, 2012 | 5:36 pm

Russian billionaire Prokhorov files for copper-nickel Toronto IPO

Move over Mark Zuckerberg. Russia’s Mikhail Prokhorov, who Forbes ranks as the 58th richest person globally, has filed a prospectus to list his Intergeo MMC in Toronto, announcing it the day before Facebook goes public.

Mining Weekly | May 17, 2012 | 6:55 pm

Western Australia to review state royalties

The Western Australian government on Thursday reported that it would be conducting a review on its royalty system over the next three years.

Mining Weekly | May 17, 2012 | 6:51 pm

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