Diamond – Mining Weekly reported that disgruntled former employees of the failed state-backed diamond company, African Romance, have staged a protest at the Industrial Development Corporation (IDC).
Articles Tagged "IDC"
Diamond – Mining Weekly reported that failed local diamond beneficiator, Mohseen Valli Moosa, founder and CEO of African Romance, said obtaining diamonds was a huge nightmare.
Diamond – Mining Weekly reported that African Romance, a company which obtained funding from the Industrial Development Corporation in the amount of R97-million, has ceased operations. The company originally operated with the objective of being able to sell quarter-carat-and-above diamonds at highly competitive prices.
Diamond – Mining Weekly reported DiamondCorp (LSE:DCP) reported the Industrial Development Corporation (IDC) has extended a project loan of R220 million loan.
Platinum – Mineweb reported Pallinghurst (PINK:PLLHF) joined with Industrial Development Corporation and the Bakgatla community to create a platinum mega mine.