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ALROSA Approves Exploration Ventures for Angola, Botswana
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ALROSA's executive committee approved the establishment of new joint ventures for exploring rough deposits in Africa. In one particular case, the committee ordered the preparation of an agreement with ENDIAMA by June to establish a joint venture to explore...
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Mining
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Apr 22, 2013
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Jeff Miller
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De Beers 1Q Diamond Production +3% to 6M Carats
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Anglo American reported that its first quarter diamond production from De Beers rose 3 percent year on year to 6.4 million carats. The increase reflected improved grades, however, that was offset by lower production due...
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Rough Markets
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Apr 19, 2013
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Jeff Miller
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Botswana Diamonds Improves Cash Position in 1H
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Botswana Diamonds reported a loss of about $430,000 (GBP 282,000) for the six months that ended on December 31, a gain of 23 percent year-on-year, and no revenue for the period. However, the junior explorer nearly doubled...
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Mining
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Mar 25, 2013
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Jeff Miller
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Mining
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Mar 21, 2013
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Jeff Miller
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Lucara Recovers 239-Ct. Diamond at Botswana Mine
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Lucara Diamond Corporation recovered a 239.2-carat diamond from its Karowe mine in Botswana, the company reported. Two more exceptional stones were recently found at the mine, including a stone weighing 124 carats and another...
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Mining
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Mar 18, 2013
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Avi Krawitz
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De Beers Diamond Production +24% in 4Q
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De Beers diamond production rose 24 percent year on year to 8.051 million carats during the fourth quarter that ended on December 31, 2012, dramatically improved by the resumption of operations at Jwaneng mine in Botswana. A slope failure incident...
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Rough Markets
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Jan 25, 2013
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Dilipp S Nag
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Lucara Sells Rare Blue Diamond for Nearly $5M
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Lucara Diamond Corp. sold a 9.46-carat blue diamond for $4.5 million, or $477,272 per carat, at its recent sale of goods from the Karowe diamond mine in Botswana.The diamond was the top lot at Lucara’s recent...
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Rough Markets
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Nov 27, 2012
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Dilipp S Nag
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Botswana's Diamond Exports -61% in July
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Botswana’s diamond exports fell 61 percent year on year to $260.4 million in July 2012, according to data released by the Bank of Botswana. During the first seven months of the year, the country’s diamond exports...
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Rough Markets
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Sep 02, 2012
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Avi Krawitz
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Botswana Rises
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There was a buzz emanating from Botswana this week felt well beyond its borders as De Beers launched its aggregation activities in Gaborone and Okavango Diamond Company finally appointed a managing director. Considering that Botswana...
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Rough Markets
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Aug 17, 2012
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Avi Krawitz
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De Beers Shifts Aggregation to Botswana
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De Beers has moved its aggregation department from London to Gaborone as part of the gradual transfer of its Diamond Trading Company (DTC) operations to Botswana. “As De Beers shifts more and more of its sales operations to Botswana...
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Rough Markets
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Aug 14, 2012
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Avi Krawitz
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Toby Frears Appointed Head of Okavango Diamond Company
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Botswana’s state-owned Okavango Diamond Company (ODC) appointed Toby Frears, a former De Beers executive, its first managing director as the company plans to launch trading in Gaborone by the second quarter of 2013.“The appointment of Mr. Frears...
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Rough Markets
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Aug 13, 2012
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Avi Krawitz
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Shrenuj's 1Q Sales +6% But Profit Drops
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Shrenuj & Co. Ltd. reported that sales rose 6 percent year on year to $129.1 million (INR 7.14 billion) during the first fiscal quarter that ended on June 30, 2012. Profit, however, declined 34 percent...
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Polished Markets
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Aug 13, 2012
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Dilipp S Nag
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Botswana's Diamond Exports -51% in June
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Botswana’s diamond exports fell 51 percent year on year to $352.6 million in June 2012, according to data released by the Bank of Botswana. During the first six months of the year, the country’s diamond exports...
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Rough Markets
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Aug 06, 2012
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Avi Krawitz
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Mining
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Jul 31, 2012
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Jeff Miller
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Global Diamond Production +26% to $14B in 2011
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Global diamond production rose 26 percent to $14.41 billion in 2011 as rough diamond prices soared during the year, Kimberley Process data showed. By volume, production fell 3 percent to 123.99 million carats. The average price of production...
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Mining
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Jul 31, 2012
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Avi Krawitz
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Global Rough Production Reaches a Plateau
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Global rough diamond production has plateaued with declining output at the world’s major mines and no significant new sources, according to a report by Metals Economics Group (MEG).MEG noted that only two relatively small new...
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Rough Markets
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Jul 31, 2012
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Dilipp S Nag
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Botswana's Diamond Exports -36% in May
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Botswana’s diamond exports fell 36 percent year on year to $324 million in May 2012, according to data released by the Bank of Botswana. During the first five months of the year, the country’s diamond exports declined...
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Rough Markets
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Jul 08, 2012
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Avi Krawitz
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Anglo Receives Final Approval for De Beers Acquisition
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Anglo American received the consent of the South African Minister of Mineral Resources to acquire an additional 40 percent stake in De Beers from the Oppenheimer family for $5.1 billion.The consent is the final approval required for the...
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Financial-Legal
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Jul 06, 2012
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Dilipp S Nag
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Botswana’s Decision
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There’s a dark horse lurking in the shadows of the diamond industry in the form of the Botswana government. Not only is it about to become a major rough diamond supplier in its own right – that is, independent of the Diamond...
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Rough Markets
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Jun 15, 2012
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Avi Krawitz
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Botswana's Diamond Exports -42% in April
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Botswana’s diamond exports slumped 42 percent year on year to $173.8 million in April 2012, according to figures released by the Bank of Botswana. During the first four months of the year, the country’s diamond exports declined...
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Rough Markets
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Jun 11, 2012
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Avi Krawitz
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