Oraco Resources, Inc. (“Oraco”) announced today that it has acquired the contractual rights for the disposition of diamonds, gold, and any other minerals recovered in both the Zimmi Town, Pujehun District and the Gbense Tailings No. 5 reserve in the Koidu Town, Kono District of Sierra Leone through the acquisition of 100% of the ownership [...]
C10) 19/5/11: THE MINISTER OF MINERALS, ENERGY AND WATER RESOURCES LEAVES FOR ANTWERP, BELGIUM The Honourable Minister of Minerals, Energy and Water Resources, Dr P.H.K. Kedikilwe is attending the 6th edition of the Antwerp Diamond Conference on behalf of His Excellency the President of the Republic of Botswana. The Conference, scheduled for 23rd -24th May [...]
A credible international certification system is badly needed to ensure that minerals used to make tin, tantalum, tungsten, and gold are not fueling rape and violence in Congo, the Enough Project said in a report released today. The report, “Certification: The Path to Conflict-Free Minerals from Congo,” calls for an internationally accepted certification regime for [...]
Petra Diamonds announces the following update with regards to the acquisition of the Finsch diamond mine in South Africa (“Finsch”) from De Beers Consolidated Mines Limited. As announced on 21 January 2011, completion of the acquisition was subject to a number of conditions precedent, the majority of which have now been satisfied. The only remaining [...]
The government of diamond-rich Zimbabwe has started evaluating proposals by foreign mining companies on how they intend to sell their majority shareholding to indigenous Zimbabweans, according to the government run press. The State had set May 9 as the deadline for foreign-owned mining firms to submit plans on how they intend to dispose of the [...]
Firestone Diamonds plc, (“Firestone” or “the Company”), the AIM-quoted diamond mining and exploration company (ticker: AIM:FDI), is pleased to announce the appointment of Angus Ogilvie to its Board as Finance Director with immediate effect. Mr. Ogilvie is an Associate of the Chartered Institute of Management Accountants (UK) and has a Bachelor of Accounting Science degree [...]
Namdeb Diamond Corporation is pleased to announce its Results for the year ended 31 December 2010. Namdeb Managing Director, Inge Zaamwani-Kamwi announced that 2010 was an extraordinary year for Namdeb, considering that the global economy was in recovery mode, following the global economic crisis of 2009. Namdeb enjoyed strong price growth in 2010, and a [...]
Afri-Can Marine Minerals Corporation (“Afri-Can”) (TSX Venture: AFA) announces its initial diamond sampling program on the EPL 3403 Marine Diamond Concession in Namibia is complete, and the sampling vessel is back at the port of Luderitz.
The 2011 Presidents’ Meeting of the World Federation of Diamond Bourses (WFDB) concluded yesterday with the WFDB Africa Summit where ministers of mining from diamond producing countries in Africa discussed the current state of diamond mining and production in their countries, and specifically the rough diamond market. The WFDB Africa Summit was attended by leading [...]
De Beers has been declared the Overall Winner in the ACCA South Africa Sustainability Reporting Awards for its Report to Society 2009. This is the third consecutive year that the Report to Society has been recognised for such an Award, but this time De Beers was placed in a category of its own as ACCA [...]