Diamcor Mining Inc. has announced preliminary updates for the Upper Zone and Basal Zone gravels based on the results of the initial drilling efforts which have been completed as part of the recommended drilling programme underway at the Company's Krone-Endora at Venetia Project.
Mountain Province Diamonds has begun the aerial gravity survey over its 49% owned Gahcho Kué JV project and 100% owned Kennady North Diamond project.
Namakwa Diamonds has sold all mining and exploration operations in Congo to a company led by its management team. This sale in the Democratic Republic of Congo is part of a major restructuring exercise.
Guinea signed a new 106 page updated mining code into law last week. Mines Minister Mohamed Lamine Fofana said that it would root out unconscionable provisions and tone down Chinese investment in the nation.
In Guinea the new National Transitional Council has begun debating a mining code that proposes the government own a 35 percent stake in commodity companies. Rumors have it that the code recommends a free participation level of 15 percent for the government and the right to buy another 20 percent.
Australian mining companies are increasing their investment in African mines. The Foreign Affairs Minister Kevin Rudd said in a pre-recorded message to more than a thousand delegates at a mining conference in Perth that Australia was committed to sharing its mining experience.
Zimbabwean blood diamonds continue to hit the headlines as it has come to light via a leaked memo that a government subsidiary company is offering to sell $200 million worth of the controversial diamonds to an unknown buyer.
The Ghana Environmental Journalists Association complimented the government and its partners for reviving the Ghana Diamond Company.
The next time you look at the flame of a candle think about tiny diamond particles that contribute to its brilliance. As per Dr Wuzong Zhou from the St Andrews University there are 1.5 million diamond nanoparticles in a candle’s flame. A fact that the Chinese who invented the first candle more than 2,000 years ago could not have possibly known.
The government of Namibia has withdrawn its proposed mining tax hike. Earlier in the year the Namibian government had announced a proposal to raise the mining tax rate to 44% from its current rate of 37.5 %. The Deputy Finance Minister of Namibia, Calle Schlettwein, said that the proposal had been withdrawn to increase the corporate tax on mining companies.
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