Dual-listed Diamcor Mining intends to complete a convertible loan financing of up to C$3.5-million. The financing will comprise unsecured convertible promissory notes with a term of two years from the closing date and bearing interest at the rate of 10% a year.
Mining & Exploration
The local extraction of carbide inserts can create job opportunities for communities living around mines – “a true win, win, win situation for society, our customers and ourselves”, Sandvik rock tools division VP Nina Axman enthused on Tuesday. Sandvik is developing a new recycling process that will improve the quality of
Owing to the impact of Covid-19 and the subsequent physical distancing regulations, yearly mining conference the Joburg Indaba will be hosted as an online discussion on October 7 and 8. Event organisers Resources 4 Africa CEO Paula Munsie states that this will enable industry players, who were previously unable to
As openpit mines reach their economic end of life, mine owners are considering the viability of transitioning their opencast mining operations to underground, says global engineering firm Worley. Using its deep-level mining expertise in South Africa, Worley assists mine owners around the world in exploring the feasibility of underground life-of-mine
Petra Diamonds has announced the recovery of five Type IIb blue diamonds of high quality at its Cullinan mine in South Africa. Credit: Petra According to a press release, the diamonds “are also significant in terms of their size, being 25.75, 21.25, 17.57, 11.42 and 9.61 carats, and are
Mining major Rio Tinto has unveiled a historic collection of 62 diamonds, including six ‘hero’ diamonds for its 2020 Argyle pink diamonds tender. Rio said this week that the six ‘hero’ diamonds were selected for their unique beauty and named to ensure there is a permanent record of their contribution
