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Tag: Dubai Diamond Trading

Steps South Africa needs to take to attract global exploration investment

Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD Regina Molloy said in a presentation to South Africa’s Overberg Geoscientists Group on
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Anglo American appoints new nonexec director

Hilary Maxson will join the Anglo American board as a nonexecutive director and member of the audit committee with effect from June 1, 2021. “[Maxson] brings a combination of experience that aligns well with our business, spanning finance, the capital markets, energy and technology, gained across her executive career in
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Botswana Diamonds completes acquisition of Sekaka

Dual-listed Botswana Diamonds’ (BOD’s) acquisition of Sekaka Diamonds has been completed. Sekaka was Petra’s exploration vehicle in Botswana and holds three prospecting licences in the Central Kalahari Game Reserve in Botswana − PL169/2019, PL058/2007 and PL224/2007, which includes the high-grade KX36 kimberlite pipe.
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Petra’s Letlapa Tala Collection sells for $40.36m

Following a competitive tender process, Petra Diamonds has sold the Letlapa Tala collection of five blue diamonds, weighing 85.6 ct in total, to a partnership between De Beers and Diacore for $40.36-million. “The result of this special tender affirms the very high value placed on blue diamonds, which are undoubtedly one of
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Coal mine on point of turning acid mine drainage into potable water at no cost

An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about
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De Beers Namibian diamond venture gets tax break to extend operations

Namdeb, a joint venture between the Namibian government and Anglo American’s diamond unit De Beers Group, has been granted a holiday on royalty payments, the country’s mining ministry said on Friday in bid to save jobs in the shrinking sector. Diamonds have been mined in Namibia since 1908, but land-based
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