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.
Canada-based junior resource company, Lions Gate Metals has declared the results of 3 additional holes from 29 holes, 10,913.93 m, diamond drill project located at the Poplar Copper-Gold-Silver Porphyry Property.
The Steinmetz Diamond Group of Companies is looking to float its diamond mine in Sierra Leone on the Hong Kong Stock Exchange.
Diamonds are formed in the magma that is present deep inside the Earth. Then how do they get to the surface of the planet to a depth where miners can easily harvest them? That is what the researchers at the University of British Columbia in Vancouver tried to find out.
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