Inaugural Kruger Diamond Traders Tender in Dubai welcomes high-ranking DMCC officials

Kruger Diamond Traders DMCC inaugurated its first tender on 24th September 2022. The tender has received an overwhelming response from several clients based across all geographies. Over 45,000 carats are being currently offered for viewings that end...

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Christie's presents 'The Fortune Pink' at auction - Geneva, 8 November 2022

Christie’s has announced The Fortune Pink (estimate: US$ 25,000,000-35,000,000), an 18.18 carat pear-shaped fancy vivid pink diamond which will lead the Geneva Magnificent Jewels sale on 8 November 2022, as part of Christie’s Luxury Week.

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Osino acquires minority interests in Namibia gold project

Osino Resources has completed acquisitions of two remaining minority interests in the mineral properties comprising the Twin Hills gold project, in Namibia.

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Nungu Diamonds faces liquidation

South Africa’s Nungu Diamonds is facing possible liquidation after a breach of the credit agreement of R1.6 million it had with financers Anglo American Zimele, according to local media reports.

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Glencore mulls loans to boost output at Zambia's Mopani copper mine – report

Global miner Glencore has proposed a $200-million loan to defray for running costs of Mopani Copper Mines, which is owned by Zambia's State-owned mining company ZCCM-IH. Under the proposal, ZCCM-IH is also expected to contribute to the loan.

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After nearly going bust, the future couldn’t look any brighter for Gemfields

20 september 2022

(miningmx.com) - When three of South Africa’s wealthiest families engage in some discreet business dealings, it’s perhaps worth taking a second look. In September last year, Christo Wiese sold his 13.72% stake in Gemfields, a Johannesburg- and London-listed mining business founded by mining supremo Brian Gilbertson and now run by his son, Sean. The buyer was Assore, an investment company owned by the octogenarian geologist Des Sacco whose father, Guido, was a founder of South Africa’s manganese fields, dating back to the 1920s. What, though, is Assore doing establishing a beachhead in Gemfields, an investment it has since extended to 26.6%?