The African National Congress (ANC) demanded a state owned mining company way back in 2007 at its Polokwane conference. Now President Jacob Zuma has announced that the African Exploration Mining and Financing Corporation will become a full fledged state owned mining company.
SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) has provided a progress on Stellar Diamonds plc and its African diamond operations.
The air and sea borders of Guinea have been re-opened by Prime Minister Jean-Marie Dore ending the curfew that had been imposed. The West African nation saw street violence after elections which had led to the imposition of the curfew. The hours of the night time curfew have also been reduced from 6 pm to 6 am to 10 pm to 6 am.
Zimbabwe will not see itself free to sell its controversial Marange field diamonds if the Swiss have their way. An international development organization called “Bread for All” located in Switzerland said that the definition of “Blood Diamonds” needed to be amended to include human rights violations by government forces.
Peregrine Diamonds Ltd. (TSX:PGD) has reported a coarse diamond size distribution for a 312.2 kilogram sample of reverse circulation drill cuttings collected from the CH-44 kimberlite on the 9,800 square kilometre Chidliak project on Baffin Island, Nunavut, Canada.
Peregrine Diamonds Ltd. (TSX:PGD) has reported that a mini-bulk sample of surface material collected from the CH-7 kimberlite weighing 47.2 dry tonnes returned 49.07 carats of commercial-sized diamonds larger than the 0.85 mm sieve size, for a diamond grade of 1.04 carats per tonne.
The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.
Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces the commencement of the processing of the 25 tonne bulk sample from the Beluga-3 kimberlite collected in 2010, located on the Company's 100% owned Amaruk property in Nunavut.
The African National Congress (ANC) is looking at the possibility of nationalizing the South African mining industry with the help of two independently appointed researchers. The irony of this decision is that they want mining companies to help fund the research.
Peregrine Diamonds Ltd. (TSX:PGD) has reported diamond results for a 1,008 kilogram sample collected by core drilling from the NQN-001 kimberlite at the 33,100 hectare Nanuq North project located approximately 275 kilometres north of Rankin Inlet, and two kilometres north of Peregrine's wholly-owned 235,000 hectare Nanuq project in Nunavut, Canada.
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