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Botswana Diamonds Plans IPO

Botswana Diamonds is ready to list on the Botswana Stock Exchange by the end of February as per company officials. However the Botswana Stock Exchange said Friday that it had not received an listing application as of yet.

27 Jan 2011

Stornoway Diamond Completes Revised NI 43-101 Mineral Resource Estimate for Renard Project

Stornoway Diamond Corporation (TSX:SWY) has announced the completion of a revised National Instrument 43-101 compliant mineral resource estimate for the Renard Diamond Project in North Central Québec.

From Stornoway Diamond Corporation 25 Jan 2011

Deloitte Says Australia Will Have Mineworker Shortage by 2020

The mining industry may face an acute shortage of manpower in the next few years as per a report from professional services organization Deloitte. The report said that the industry will need 58,000 more workers by 2020 to maintain the production levels that the industry has at present.

24 Jan 2011

Petra Diamonds to Buy Finsch Diamond Mine from De Beers

Petra Diamonds announced on Friday that it is to acquire the Finsch diamond mine located in South Africa from its current owners, De Beers Consolidated Mines for a price of 1.425 billion rand. It has also raised $325 million through a private equity placing.

From Petra Diamonds Limited 24 Jan 2011

Gem Diamonds Awarded Mining Licence in Botswana

Gem Diamonds has obtained a mining license to explore the Gope diamond deposit located in the Central Kalahari game reserve in Botswana. The awarding of the license has brought about a sharp reaction from environmentalists such as Survival International.

From Gem Diamonds Limited 23 Jan 2011

Zimbabwian Diamonds Back on the Market: Kimberly Process Amendment

The diamond global watchdog Kimberly Process has allowed imports from Zimbabwe after they voted in favour of a modified version of the Jerusalem Agreement that was drafted in November 2010.

20 Jan 2011

Improvement in South Africa's Mining Sector

Production in South Africa's mining sector has risen 9.6% in November on a yearly comparison. In October it had been revised to a 6.5% rise as per available statistics. This is indeed good news as the mining production was showing a negative annual growth rate at the end of May of -7.7%.

19 Jan 2011