OSISKO and OREX EXPLORATION is willing to offer the shareholders the results of the final assay from the diamond drilling operation that commenced during April, 2011 at the completely-owned Goldboro gold property of Orex in Nova Scotia.
Diamonds North Resources has commenced the 2011 exploration campaign at the Amaruk Property, Nunavut. This exploration will focus on the first priority gold prospects and follow-up of the latest kimberlite target formation discovered from the electro-magnetic (EM) airborne information.
The demand for diamonds is likely to wane in India as the price of gems surge. India is the largest exporter of polished precious stones in the world. However the representatives of Titan Industries Ltd feel that current price rises of 60-70% for polished stones may see consumers buying gold over diamonds.
Diamond sales in India, China and the Middle East are responsible for a 30% rise in total global sales of the precious stone. As per diamond giant De Beers the last six months saw the price of diamonds go up by 35% as well. There seems to be no stopping diamond sales over the coming months as well as per analysts.
Namibia plans to get a larger slice out of the profits generated by mining by increasing its mining tax by 17%. Namibia is a country rich with mineral resources and a reasonably well established mining industry that already generates 25% of Namibia's revenue, mining is the single most important contributor to the economy.
Indigenisation and Empowerment Minister Saviour Kasukuwere said that the government of Zimbabwe had not thrown out all 175 indigenization proposals that it had received from mining companies.
Lucara Diamond is advancing the AK6 diamond mine construction located in Botswana, on time and has completed more than 60% of construction. The South Africa steel industry’s ongoing industrial action has delayed the delivery of steel for the project.
In Zimbabwe the government may take over all mines that do not sell their majority stake to locals by September 2011. This announcement was made by Indigenization and Economic Empowerment Minister Saviour Kasukuwere on state television.
The Kimberly Process may have issued a statement that the controversial Marange diamonds could be traded internationally by Zimbabwe but the United States and Canada have rejected it. The Kimberly Process issued an administrative statement about the compromise it had reached with Zimbabwe on the export of the controversial diamonds.
Peregrine Diamonds has discovered three new kimberlites, CH-56, CH-57 and CH-58 at the Chidliak project through drilling.
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