BlueRock Diamonds sells 68 carat stone for US$63,186
Kareevlei ranks in the top ten diamond mines in the world in terms of average value per carat, the company said
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Kareevlei ranks in the top ten diamond mines in the world in terms of average value per carat, the company said
Gemfields previously held a stake in PGM metals outfit SPM via Pallinghurst Ivy Lane Capital; it now owns a 6.54% stake in SPM directly
Cash flow was supported by the sale of a diamond parcel for US$545,000
The auction saw 49 companies placing bids and generating record revenues of U$88.4 million with an overall average value of U$132.47 per carat
A snapshot of some of the mining stories appearing this week on the proactive website
Three diamonds from the Kareevlei diamond mine were sold in November
The Section 54 Notice has now been lifted and the company is working to manage the working capital impact of lost production
The company's assets are brownfield sites, rather than greenfield, in a bid to reach cashflow positive status sooner
The company is assessing how best to meet its working capital needs
Retail sales and UK government borrowing will be important UK economic announcements out tomorrow.
BlueRock said management is working closely with the DMRE to resolve the issues raised and hopes to restart processing in the near future
BlueRock has a well-established track record of diamond production in South Africa
The Russian state-controlled diamond producer said its inventories have fallen to historic lows as demand has rebounded
The AIM-listed company sold 6,887 carats, up 81%, in the third quarter
Some of the week's headline-making UK junior mining company stories
"The market remains buoyant," said executive chairman Mike Houston
A significant expansion programme is well underway at Karevleei
Three gem-quality diamonds were sold for total proceeds of US$1.1mln
A glance at some of this week's mining sector stories
The agreement is with Teichmann Company Limited, T-Three-Drilling Limited and three Teichmann employees, and was presaged in an announcement back in May.