Canadian company Afri-Can Marine Minerals and International Mining and Dredging Holding will begin a geophysical survey on Exclusive Prospecting Licence 3403 marine diamond concession located in Namibia on April 28, 2012. Thyme Investments owns the Exclusive Prospecting Licence 3403.
Rio Tinto has discovered an unprecedented 12.76 carat pink diamond at its Kimberly mining operations. The huge rough stone has been named the "Argyle Pink Jubilee". It will take 10 days to cut and polish this rare and precious stone.
The Kimberly Process may have come under fire for allowing the sale of the diamonds from the controversial Marange fields, but the Zimbabwean Prime Minister is grateful for the funds that these sales will bring to the nation. The Prime Minister and his entourage were on a tour of the Marange diamond fields on Thursday.
The Kimberly Process’s decision to allow the Marange diamonds to be sold on the global market may be financing more violence. The controversial diamonds have been mined by companies managed by the dreaded police that President Robert Mugabe controls.
The Kimberly Process has certified Zimbabwe based Diamond Mining Company to sell its diamonds from the controversial Marange fields. The blood diamonds from the Marange fields have been behind major upheavals faced by the international diamond watchdog in recent times.
BHP Billiton has hit record earnings boosted by iron ore production. The mining giant with a highly diversified portfolio that includes iron ore, coal, copper, zinc, diamonds, oil and natural gas has posted a profit of US$9.9 billion for the first half of the 2012 financial year.
Tigray Resources, a Canadian mineral exploration company has released the report on the diamond drill project at Terakimti. It is part of Tigray’s Harvest Project, a 70 % owned venture with Ethiopian company Ezana Mining Development and spans over six concessions in Ethiopia.
The African National Congress (ANC) may have decided that nationalization of all the mines in the country is not financially possible but that has not deterred it from planning a ‘super tax’ on mining.
The government of Zimbabwe has raised the mining and license fees from between 500 to 5000% as per the state controlled local media.
The troubled international body charged with handling the prevention of sales of blood diamonds has a new chairman. The United States has appointed career diplomat Gillian Milovanovic to take the chair of the Kimberly Process.
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