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Hydrogeological situation at Mir diamond mine put under stricter monitoring

Currently, the main task is to ensure the safety of miners and rescuers on the mine’s level of -210 meters, where search works are carried on. To this end, ALROSA specialists monitor the water level in the quarry and in the underground mine every two...

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Curb on small-scale mining to weaken Ghana's diamond, gold output – report

A move by Ghana to curb small-scale mining, which is causing damage to the environment, will this year cause a low diamond and gold output.

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Rapaport Magazine undergoes a comprehensive redesign

In its 40th year, the iconic Rapaport Magazine, the primary source of diamond pricing and jewelry market information is relaunching after undergoing a comprehensive redesign.

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Zim’s diamond cutting, polishing sector struggling

Zimbabwe’s diamond cutting and polishing sector is reportedly “struggling” to make ends meet as they are not getting enough supplies of rough stones.

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India bans export of gold jewellery, medallion and coins above 22 cts

In an amendment in the Foreign Trade Policy-2015-20, the Government of India has banned the export of Gold Jewellery (plain and studded), Medallions & Coins of above 22k from DTA and Export Oriented Unit (EOU) Scheme, Electronics Hardware...

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Agarwal’s £2bn gambit could put Anglo American into play

20 march 2017
(miningmx.com) - Anil Agarwal’s £2bn investment in Anglo American shares, giving his trust – Volcan Investments – a 13% stake in the UK-listed firm, was an attempt to flush out rival bidders for Anglo’s assets or buy the South African assets identified by CEO, Mark Cutifani, as non-core, said analysts. “From a strategic point of view, some kind of deal could potentially hand Anglo a solution to their problem of perceived ‘over-weighting’ towards South Africa,” said Paul Gait, an analyst for Bernstein. “It could put Agarwal in a prime position to take the South African assets – the African limb he desires for Vedanta – and allow Anglo American to achieve the kind of South Africa exit that it, in turn, desires,” he said.

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