Diamond – Bloomberg reported that the Democratic Republic of Congo and China’s Anhui Foreign Economic Construction Group created a joint venture to mine diamonds in the province of Eastern Kasai and have decided to take the company public.
Diamond – Harry Winston Diamond Corporation (TSX:HW, NYSE:HWD) announced that it has updated its reserve and resource statement for the company owned Diavik Diamond Mine.
Diamond – Bloomberg reported that De Beers SA, which is 85% owned by Anglo American Plc, will invest $2.3 billion to construct an underground diamond mine in South Africa, below its Venetia-open pit operation.
Diamond – Bloomberg reported that the world’s biggest diamond producer, De Beers, said it is very confident that it will find a substantial gem deposit in a concession near Lucapa in the Lunda North province, in Angola.
Diamond – The Street reported Russian scientists are claiming that a gigantic deposit of industrial diamonds found in a huge Siberian meteorite crater during Soviet times could revolutionize the industry.
Diamond – CNBC reported on the similarities of diamonds and gold asking if an exchange traded fund for diamond should be created.
Diamond – Mineweb reported India's diamond export and import industry experienced tremendous losses of 44% and 20% respectively in May, but is expected to recover on increased demand as evidenced by an increase in April.
Diamond – Mining Weekly reported De Beers has decided not to bid for BHP Billiton's (NYSE:BHP) Ekati diamond mine.
Diamond – Bloomberg reported Russia's OAO Lukoil (LSE:LKOH) plans to invest $1 billion in a diamond mine challenging OAO Alrosa's monopoly.
Diamond – Bloomberg reported Harry Winston (TSX:HW), KKR (NYSE:KKR) and Apollo (NYSE:APO) are may bid on BHP's (ASX:BHP,NYSE:BHP) Ekati diamond mine.
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